Issue of Share Options and PDMR Dealing
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 Kim Garrod - CFO
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+44 (0)1206 752626 |
Alma Strategic Communications Hannah Campbell Will Merison
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Cavendish Capital Markets Limited (NOMAD) Peter Lynch |
+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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