TIDMCNC

RNS Number : 3110L

Concurrent Technologies PLC

04 September 2023

4 September 2023

Concurrent Technologies Plc

("Concurrent Technologies" or the "Company")

Result of General Meeting

Concurrent Technologies Plc (AIM: CNC), a world leading specialist in the design and manufacture of high-end embedded computer solutions for critical applications, announces that at the General Meeting of the Company held earlier today both resolutions were duly passed.

The Company is pleased to confirm that as a result of obtaining shareholder approval for the Fundraising, which comprised an oversubscribed Placing and Retail Offer, Concurrent Technologies has raised a total of GBP6.8 million through the issue of 10,461,538 Ordinary Shares. The proceeds of the Fundraising will enable the completion of the acquisition of the entire issued share capital of Phillips Machine & Welding Company, Inc (the " Acquisition "), which is due to complete on 6 September and a further announcement will be released in due course relating to the Acquisition.

Total Voting Rights

The Company has applied for admission of the New Ordinary Shares pursuant to the Fundraising to trading on AIM (" Admission "). Admission will occur at or around 8.00 a.m. on 5 September 2023. On Admission, the Company will have 84,361,550 Ordinary Shares in issue, of which 531,522 Ordinary Shares are held in treasury. Therefore, the figure of 83,830,028 Ordinary Shares 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 Company under the FCA's Disclosure Guidance and Transparency Rules.

Any term capitalised in this Announcement which is not also defined shall have the same meaning as in the announcement made by the Company on 16 August 2023 entitled 'Proposed Acquisition and Notice of General Meeting' unless the context requires otherwise.

Enquiries:

 
Concurrent Technologies Plc 
 Miles Adcock - CEO 
 Kim Garrod - CFO                 +44 (0)1206 752626 
 
SEC Newgate (Financial PR)      concurrent@secnewgate.co.uk 
 Bob Huxford                     07469 154806 
 Alice Cho 
 Matthew Elliott 
 
Cenkos Securities Plc (NOMAD) 
 Neil McDonald                   +44 (0)131 220 9771 
 Peter Lynch                     +44 (0)131 220 9772

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 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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

ROMUSRUROSUKRAR

(END) Dow Jones Newswires

September 04, 2023 08:20 ET (12:20 GMT)

Concurrent Technologies (LSE:CNC)
Historical Stock Chart
From Nov 2024 to Dec 2024 Click Here for more Concurrent Technologies Charts.
Concurrent Technologies (LSE:CNC)
Historical Stock Chart
From Dec 2023 to Dec 2024 Click Here for more Concurrent Technologies Charts.