Concurrent Technologies PLC Director/PDMR Dealing - Issue of Share Options (0213R)

TIDMCNC

RNS Number : 0213R

Concurrent Technologies PLC

24 October 2023

24 October 2023

Concurrent Technologies Plc

(the 'Company')

Director/PDMR Dealing - Issue of Share Options

The Board of Concurrent Technologies Plc (AIM: CNC) announces that on 23 October 2023, the Company granted share options of 2,265,520 ordinary shares of 1p each in the share capital of the Company (the "Share Options").

Of the Share Options granted, 638,627 Share Options were granted to Directors as shown in the table below:

 
Name           Position                  Number of Share Options 
Miles Adcock   Chief Executive Officer                   393,306 
Kim Garrod     Chief Financial Officer                   117,463 
               President, Concurrent 
Brent Salgat    Technologies Inc.                        127,858 
 

A further 263,724 Share Options were granted to six employees of the Company, none of whom are considered to be PDMRs, and a further 1,363,169 Share Options were to two key employees of the Phillips Aerospace acquisition announced on 6 September 2023.

All the Share Options are granted under the Concurrent Technologies PLC Long Term Incentive Plan and have an exercise price of 1 pence and are subject to performance conditions linked to the increase in basic earnings per Ordinary Share for the complete years commencing with 1(st) January 2024 and ending with the year ending 31(st) December 2026.

Enquiries:

 
Concurrent Technologies Plc 
 Miles Adcock - CEO 
 Kim Garrod - CFO                     [phone] 
 
Newgate (Financial PR) 
 Bob Huxford                         [phone] 
 Isabelle Smurfit                    [phone] 
 
Cavendish Securities Plc (NOMAD) 
 Neil McDonald                       [phone] 
 Peter Lynch                         [phone] 
 

Note to Editors:

About Concurrent Technologies Plc

Concurrent Technologies Plc develops and manufactures high-end embedded Plug In Cards and Systems for use in a wide range of high performance, long life cycle applications within the telecommunications, defence, security, telemetry, scientific and aerospace markets, including applications within extremely harsh environments. The processor products feature Intel(R) processors, including the latest generation embedded Intel(R) Core(TM) processors, Intel(R) Xeon(R) and Intel Atom(TM) processors. The products are designed to be compliant with industry specifications and support many of today's leading embedded Operating Systems. The products are sold world-wide.

For more information on Concurrent Technologies Plc and its products please visit www.gocct.com .

All trademarks, registered trademarks and trade names used in this announcement are the property of their respective owners.

Director / PDMR Notification

 
     Details of the person discharging managerial responsibilities 
 1.   / person closely associated 
a)   Name                            Miles Adcock 
     Reason for the Notification 
 2. 
a)   Position/status                 Director 
b)   Initial notification/amendment  Initial notification 
     Details of the issuer, emission allowance market participant, 
 3.   auction platform, auctioneer or auction monitor 
a)   Name                            Concurrent Technologies Plc 
b)   LEI                             213800422HXP2X6UPD94 
     Details of the transaction(s):section to be repeated for 
 4.   (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              Ordinary shares of 1 pence each 
      Financial instrument, 
      type of instrument 
     Identification code             GB0002183191 
b)   Nature of the Transaction       Grant of Share Options under the Long 
                                      Term Incentive Plan 
c)   Price(s) and volume(s)          Price(s)     Volume(s) 
                                     1.0 pence    393,306 ordinary shares 
d)   Aggregated information          N/A - Single Transaction 
      Aggregated volume 
      price 
e)   Date of the transaction         23 October 2023 
f)   Place of the transaction        Outside a trading venue 
 
 
1.  Details of the person discharging managerial responsibilities 
     / person closely associated 
a)  Name                            Brent Salgat 
2.  Reason for the Notification 
a)  Position/status                 Director 
b)  Initial notification/amendment  Initial notification 
3.  Details of the issuer, emission allowance market participant, 
     auction platform, auctioneer or auction monitor 
a)  Name                            Concurrent Technologies Plc 
b)  LEI                             213800422HXP2X6UPD94 
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              Ordinary shares of 1 pence each 
     Financial instrument, 
     type of instrument 
    Identification code             GB0002183191 
b)  Nature of the Transaction       Grant of Share Options under the Long 
                                     Term Incentive Plan 
c)  Price(s) and volume(s)          Price(s)     Volume(s) 
                                    1.0 pence    127,858 ordinary shares 
d)  Aggregated information          N/A - Single Transaction 
     Aggregated volume 
     price 
e)  Date of the transaction         23 October 2023 
f)  Place of the transaction        Outside a trading venue 
 
 
1.  Details of the person discharging managerial responsibilities 
     / person closely associated 
a)  Name                            Kim Garrod 
2.  Reason for the Notification 
a)  Position/status                 Director 
b)  Initial notification/amendment  Initial notification 
3.  Details of the issuer, emission allowance market participant, 
     auction platform, auctioneer or auction monitor 
a)  Name                            Concurrent Technologies Plc 
b)  LEI                             213800422HXP2X6UPD94 
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              Ordinary shares of 1 pence each 
     Financial instrument, 
     type of instrument 
    Identification code             GB0002183191 
b)  Nature of the Transaction       Grant of Share Options under the Long 
                                     Term Inventive Plan 
c)  Price(s) and volume(s)          Price(s)     Volume(s) 
                                    1.0 pence    117,463 ordinary shares 
d)  Aggregated information          N/A - Single Transaction 
     Aggregated volume 
     price 
e)  Date of the transaction         23 October 2023 
f)  Place of the transaction        Outside a trading venue 
 

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October 24, 2023 02:05 ET (06:05 GMT)