RNS Number : 8655F
Concurrent Technologies PLC
26 September 2024
 

26 September 2024

 

Concurrent Technologies Plc

(the 'Company')

 

Issue of Share options and PDMR dealing 

The Board of Concurrent Technologies Plc (AIM:CNC) announces that, on 25th September 2024, the Company granted share options (the "Share Options") over 834,483 ordinary shares of 1p each in the share capital of the Company to 22 employees, including certain persons discharging managerial responsibilities, as detailed below.

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 1st January 2025 and ending with the year ending 31st December 2027.

 

Enquiries:

Concurrent Technologies Plc
Miles Adcock - CEO

Kim Garrod - CFO

 

 

+44 (0)1206 752626

Alma Strategic Communications
Josh Royston

Hannah Campbell

Will Merison

 


+44 (0)20 3405 0205

Cavendish Capital Markets Limited (NOMAD)
Neil McDonald

Peter Lynch


+44 (0)131 220 9771

+44 (0)131 220 9772

 

About Concurrent Technologies Plc

Concurrent Technologies Plc develops and manufactures high-end embedded Plug In Cards (PICs) 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® processors, including the latest generation embedded Intel® Core™ processors, Intel® Xeon® and Intel Atom™ 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.concurrent.tech

 

 

 

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 Financial instrument, type of instrument

Ordinary shares of 1 pence each


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

245,365 ordinary shares

d)

Aggregated information

Aggregated volume price

N/A - Single Transaction

e)

Date of the transaction

25 September 2024

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 Financial instrument, type of instrument

Ordinary shares of 1 pence each


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

100,938 ordinary shares

d)

Aggregated information

Aggregated volume price

N/A - Single Transaction

e)

Date of the transaction

25 September 2024

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 Financial instrument, type of instrument

Ordinary shares of 1 pence each


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

98,195 ordinary shares

d)

Aggregated information

Aggregated volume price

N/A - Single Transaction

e)

Date of the transaction

25 September 2024

f)

Place of the transaction

Outside a trading venue

 

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