Concurrent Technologies PLC Issue of share options and PDMR dealing (8671C)
23 Junio 2021 - 5:58AM
UK Regulatory
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 +44 (0)1206 752626
Newgate (Financial PR)
Bob Huxford +44 (0)20 7653 9848
Isabelle Smurfit +44 (0)20 3757 3411
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 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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END
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June 23, 2021 06:58 ET (10:58 GMT)
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