AdEPT Telecom plc Director Increases Shareholding (0248E)

TIDMADT

RNS Number : 0248E

AdEPT Telecom plc

06 February 2018

AdEPT Telecom plc

("AdEPT" or the "Company")

Director increases shareholding

AdEPT (AIM: ADT), one of the UK's leading independent providers of managed services for IT, unified communications, connectivity and voice solutions, was notified today that on 5 February 2018 Christopher Kingsman (Non-Executive Director) had increased his shareholding in the Company following the purchase of 5,000 ordinary shares of 10p each ("Ordinary Shares") by Greenwood Investments Limited at a price of 285p per Ordinary Share.

Following the purchase, Mr Kingsman has a total beneficial interest in 4,020,000 Ordinary Shares held via Greenwood Investments Limited, representing approximately 17.0 per cent. of the current issued share capital of the Company.

For further information on AdEPT Telecom, please visit www.adept.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 
  Nominated Adviser 
  Edward Hutton/Gerry Beaney 
 
  Broking 
  John Howes                             020 3861 6625 
 

About AdEPT Telecom plc:

AdEPT Telecom plc is one of the UK's leading independent providers of managed services for IT, unified communications, connectivity and voice solutions. The Company provides a complete communications portfolio of unified communications, IP telephony, IT services, equipment installation, managed services, Wi-Fi, IT and communications hardware and data connectivity products. AdEPT's tailored services are used by thousands of customers across the UK and are brought together through the strategic relationships with tier-1 suppliers such as BT Openreach, Vodafone, Virgin Media, Avaya, Microsoft, Dell and Apple.

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

The notification below is provided in accordance with the requirements of the EU Market Abuse Regulation.

 
1   Details of the person discharging managerial responsibilities/person closely associated 
    ---------------------------------------------------------------------------------------------- 
a)  Name                                                              Christopher Kingsman 
    ----------------------------------------------------------------  ---------------------------- 
2   Reason for the notification 
    ---------------------------------------------------------------------------------------------- 
a)  Position/status                                                   Non-Executive Director 
    ----------------------------------------------------------------  ---------------------------- 
b)  Initial notification/ Amendment                                   Initial 
    ----------------------------------------------------------------  ---------------------------- 
3   Details of the issuer, emission allowance market participant, auction platform, auctioneer 
     or auction monitor 
    ---------------------------------------------------------------------------------------------- 
a)  Name                                                              AdEPT Telecom Plc 
    ----------------------------------------------------------------  ---------------------------- 
b)  LEI                                                               213800T1WNDEXVBGMP93 
    ----------------------------------------------------------------  ---------------------------- 
4   Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) 
     each type of transaction; (iii) each date; and (iv) each place where transactions have been 
     conducted 
    ---------------------------------------------------------------------------------------------- 
a)  Description of the financial instrument, type of instrument       Ordinary Shares of 10p each 
     Identification code                                               GB00B0WY3Y47 
    ----------------------------------------------------------------  ---------------------------- 
b)  Nature of the transactions                                        Purchase of Ordinary Shares 
    ----------------------------------------------------------------  ---------------------------- 
c)  Price(s) and volume(s)                                            Price(s)  Volume(s) 
                                                                       285.0p    5,000 
    ----------------------------------------------------------------  ---------------------------- 
d)  Aggregated information                                             N/A 
     - Aggregated volume 
     - Price 
    ----------------------------------------------------------------  ---------------------------- 
e)  Date of the transaction                                           5 February 2018 
    ----------------------------------------------------------------  ---------------------------- 
f)  Place of the transaction                                          London Stock Exchange 
    ----------------------------------------------------------------  ---------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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February 06, 2018 04:23 ET (09:23 GMT)