23 November 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 November, the Company granted share options (the "Share Options") over 512,826 ordinary shares of 1p each in the share capital of the Company to 7 employees, including certain persons discharging managerial responsibilities, as detailed below.
The Share Options are granted under the new Concurrent Technologies Plc Long Term Incentive Plan and have an exercise price of 1 pence and are subject to performance conditions linked to the average basic earnings per Ordinary Share for the complete years commencing with 1st January 2022 and ending with the year ending 31st December 2024.
Enquiries:
| Concurrent Technologies Plc Jonathan Martin - CFO |
+44 (0)1206 752626 |
| | |
| Newgate (Financial PR) Isabelle Smurfit |
+44 (0)20 7653 9848 |
| | |
| Cenkos Securities Plc (NOMAD) 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® processors, including the latest 11th generation embedded Intel® Core™, 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.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 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 | 288,235 ordinary shares | ||
| d) | Aggregated information Aggregated volume price | N/A - Single Transaction | |
| e) | Date of the transaction | 22 November 2021 | |
| 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 | 82,789 ordinary shares | ||
| d) | Aggregated information Aggregated volume price | N/A - Single Transaction | |
| e) | Date of the transaction | 22 November 2021 | |
| f) | Place of the transaction | Outside a trading venue | |
| 1. | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | John Martin | |
| 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 | 36,765 ordinary shares | ||
| d) | Aggregated information Aggregated volume price | N/A - Single Transaction | |
| e) | Date of the transaction | 22 November 2021 | |
| f) | Place of the transaction | Outside a trading venue | |
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