AdEPT Technology Group PLC
("AdEPT" or the "Company" together with its subsidiaries the "AdEPT Group")
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, and Andy Lovett, the Company's Chief Operating Officer, each over 125,149 ordinary shares of 10 pence each in the Company ("Ordinary Shares").
The options have an exercise price of 220 pence, being the closing mid-market price on 31 December 2020, and will vest three years after the date of issue. Following the grant of options, Phil Race and Andy Lovett hold options over 599,185 and 225,149 Ordinary Shares respectively.
For further information please contact:
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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/ Amendment | Initial notification | ||||
| 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 financial instrument, type of instrument | Ordinary Shares | ||||
| | Identification code | GB00B0WY3Y47
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| b) | Nature of the transaction | Grant of options | ||||
| c) | Price(s) and volume(s) |
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| d) | Aggregated information | | ||||
| | - Aggregated volume | As above | ||||
| | - Price | As above | ||||
| e) | Date of the transaction | 1 January 2021 | ||||
| f) | Place of the transaction | AIM
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| 1 | Details of the relevant person / person closely associated | |||||
| a) | Name | Paul Andrew Lovett | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Director of AdEPT Technology Group plc | ||||
| b) | Initial notification/ Amendment | Initial notification | ||||
| 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 financial instrument, type of instrument | Ordinary Shares | ||||
| | Identification code | GB00B0WY3Y47
| ||||
| b) | Nature of the transaction | Grant of options | ||||
| c) | Price(s) and volume(s) |
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| d) | Aggregated information | | ||||
| | - Aggregated volume | As above | ||||
| | - Price | As above | ||||
| e) | Date of the transaction | 1 January 2021 | ||||
| f) | Place of the transaction | AIM
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