Concurrent Technologies PLC Issue of share options and PDMR dealing (8671C)

TIDMCNC

RNS Number : 8671C

Concurrent Technologies PLC

23 June 2021

23 June 2021

Concurrent Technologies Plc

(the 'Company')

Issue of share options and PDMR dealing

The Board of Concurrent Technologies Plc (AIM:CNC) announces that, on 22 June, the Company granted share options (the "Share Options") over 267,379 ordinary shares of 1p each in the share capital of the Company to Miles Adcock, the newly appointed Chief Executive Officer and executive director of the Company.

The Share Options have an exercise price, calculated in accordance with the rules of the Enterprise Management Incentive Scheme 2000, of 93.5 pence each.

The Share Options will vest after 3 years and are subject to performance conditions linked to the average basic earnings per Ordinary Share for the complete years commencing with 1(st) January 2021 and ending with the year ending most immediately prior to the exercise of the Option.

Enquiries:

 
Concurrent Technologies Plc 
 Miles Adcock - CEO              [phone] 
 
Newgate (Financial PR) 
 Bob Huxford                     [phone] 
 Isabelle Smurfit                 [phone] 
 
Cenkos 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 computer products 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 9(th) generation embedded Intel(R) Core(TM) processors, Intel(R) Xeon(R) and Intel(R) 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.

 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                             Miles Adcock 
     -------------------------------  -------------------------------------------- 
 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 approved 
                                        EMI 2000 scheme 
     -------------------------------  -------------------------------------------- 
 c)   Price(s) and volume(s)           Price(s)       Volume(s) 
     ------------------------------- 
                                       93.5 pence     267,379 ordinary shares 
     -------------------------------  --------------  ---------------------------- 
 d)   Aggregated information           N/A - Single Transaction 
       Aggregated volume 
       price 
     -------------------------------  -------------------------------------------- 
 e)   Date of the transaction          22 June 2021 
     -------------------------------  -------------------------------------------- 
 f)   Place of the transaction         Outside a trading venue 
     -------------------------------  -------------------------------------------- 
 

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June 23, 2021 06:58 ET (10:58 GMT)