AdEPT Telecom plc Director/PDMR Shareholding (1361G)

TIDMADT

RNS Number : 1361G

AdEPT Telecom plc

18 November 2015

AdEPT Telecom plc

("AdEPT" or the "Company")

Director/PDMR shareholdings

Executive directors increase shareholdings

AdEPT (AIM: ADT), one of the UK's leading independent communications integrators and managed service providers, was notified on 17 November 2015 that Amanda Woodruffe (Chief Operating Officer), Joe Murphy (Sales Director) and John Swaite (Finance Director) had increased their shareholdings in the Company following the exercise of a total of 221,708 options over ordinary shares of 10p each ("New Ordinary Shares") at a price of 52p per Ordinary Share and today that they had sold a total of 50,000 Ordinary Shares today at a price of 260p per Ordinary Share to satisfy institutional demand and meet the associated tax and option exercise costs.

 
                    Ordinary      Options   Ordinary   Resultant     Percentage 
                      Shares    exercised     Shares    Ordinary    of enlarged 
                  held prior                    sold      Shares         issued 
                 to Exercise                                held       Ordinary 
                                                                         Shares 
 
 Amanda 
  Woodruffe          193,209      171,708     38,000     326,917          1.45% 
 Joe Murphy           45,357       25,000      6,000      64,357          0.29% 
 John Swaite          56,256       25,000      6,000      75,256          0.33% 
-------------  -------------  -----------  ---------  ----------  ------------- 
 

Application will be made to the London Stock Exchange for the New Ordinary Shares, which rank pari passu with the Company's existing issued ordinary shares, to be admitted to trading on AIM ("Admission"). Admission is expected to take place on 23 November 2015.

Following Admission, the total number of ordinary shares in issue will be 22,519,108. The Company does not hold any ordinary shares in treasury. Therefore, the total number of voting rights in the Company is 22,519,108. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

For further information on AdEPT Telecom, please visit www.adept-telecom.co.uk or contact:

 
 AdEPT Telecom Plc 
 Roger Wilson, Chairman           07786 111 535 
 Ian Fishwick, Chief Executive    01892 550 225 
 John Swaite, Finance 
  Director                        01892 550 243 
 Northland Capital Partners 
  Limited                         020 7382 1100 
 Nominated Adviser 
  Edward Hutton/Gerry Beaney 
 
 Broking 
  John Howes/Abigail Wayne 
 
 

About AdEPT Telecom plc:

AdEPT Telecom plc is one of the UK's leading independent providers of voice and data telecommunications solutions. The Company provides a complete unified communications portfolio of fixed line calls, line rental, mobile, broadband, data connectivity products, hardware, managed services, Wi-Fi and IP telephony.

AdEPT currently holds 4 Government Telecom Framework agreements: ESPO (local government), Crown Commercial Service Network Services RM1045 (central government), G-Cloud 6 and JANET (universities and colleges).

AdEPT's tailored services are used by thousands of businesses customers across the UK and are brought together through the strategic relationships with tier-1 suppliers such as BT Openreach, Vodafone, Virgin Media and TalkTalk Business.

AdEPT Telecom is listed on the London Stock Exchange (Ticker: ADT.L). For further information please visit: www.adept-telecom.co.uk

This information is provided by RNS

The company news service from the London Stock Exchange

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November 18, 2015 05:58 ET (10:58 GMT)