TIDMADT

RNS Number : 0434Z

AdEPT Technology Group PLC

07 January 2020

AdEPT Technology Group plc

("AdEPT" or the "Company")

Grant of options

AdEPT Technology Group plc (AIM: ADT), one of the UK's leading independent providers of managed services for IT, unified communications, connectivity, voice and cloud services, announces that it has granted options to Phil Race, the Company's Chief Executive Officer, over 237,018 ordinary shares of 10 pence each in the Company ("Ordinary Shares"). This grant of options form part of the remuneration package agreed under the employment terms for Phil Race following his appointment as CEO on 20 December 2018.

The options have an exercise price of 333 pence, being the closing mid-market price on 31 December 2019, and will vest three years after the date of issue. Following the grant of options, Phil Race holds options over 474,036 Ordinary Shares.

For further information please contact:

 
  AdEPT Technology Group plc 
    Ian Fishwick, Chairman           07720 555 050 
    Phil Race, Chief Executive        07798 575 338 
    John Swaite, Finance Director     01892 550 243 
   Cantor Fitzgerald Europe 
    Nominated Adviser & Broker 
    Phil Davies / Will Goode          020 7894 7000

Overview of AdEPT Technology Group plc

AdEPT Technology Group plc is one of the UK's leading independent providers of managed services for IT, unified communications, connectivity and voice solutions. AdEPT's tailored services are used by thousands of customers across the UK and are brought together through the strategic relationships with tier-1 suppliers such as Openreach, BT Wholesale, Virgin Media, Avaya, Microsoft, Dell and Apple.

AdEPT is quoted on AIM, operated by the London Stock Exchange (Ticker: ADT). For further information please visit: www.adept.co.uk

 
 1    Details of the relevant person / person closely associated 
 a)   Name                        Phil Race 
     --------------------------  --------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position/status             Director of AdEPT Technology Group plc 
     --------------------------  --------------------------------------- 
 b)   Initial notification/       Initial notification 
       Amendment 
     --------------------------  --------------------------------------- 
 3    Details of the issuer 
     ------------------------------------------------------------------- 
 a)   Name                        AdEPT Technology Group plc 
     --------------------------  --------------------------------------- 
 b)   LEI                         213800T1WNDEXVBGMP93 
     --------------------------  --------------------------------------- 
 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 
       financial instrument, 
       type of instrument 
      Identification code         GB00B0WY3Y47 
     --------------------------  --------------------------------------- 
 b)   Nature of the transaction   Grant of options 
     --------------------------  --------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)     Volume(s) 
                                     333 pence    237,018 
                                                 ---------- 
     --------------------------  --------------------------------------- 
 d)   Aggregated information 
      - Aggregated volume         As above 
      - Price                     As above 
     --------------------------  --------------------------------------- 
 e)   Date of the transaction     1 January 2020 
     --------------------------  --------------------------------------- 
 f)   Place of the transaction    AIM 
     --------------------------  ---------------------------------------

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.

END

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January 07, 2020 10:00 ET (15:00 GMT)

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