Director/PDMR Shareholding

RNS Number : 3337E
Concurrent Technologies PLC
08 April 2014
 



08 April 2014

 

Concurrent Technologies Plc

 

Director / PDMR Shareholding

 

Concurrent Technologies Plc, (the "Company") a world leading specialist in the design and manufacture of high-end embedded computer products, for critical applications in the defence, aerospace, transportation, telecommunications, scientific and industrial markets, announces that certain directors have today increased their shareholdings in the Company through the exercise of options (the "Options") over ordinary shares in the Company of 1p each ("Ordinary Shares") and, further, that those directors subsequently sold a number of shares at a price of 36 pence per Ordinary Share, in each case as described further below.

 

Director

Number of Options Exercised

Exercise Price

Number of Ordinary Shares sold

Total Number of Shares Held

Percentage of Issued Share Capital

 

David Evans-Hughes

400,000

25 pence

339,368

939,451

1.3

Jean Barbara-Annear

400,000

25 pence

339,368

1,836,596

2.5

Glen Fawcett

400,000

25 pence

339,368

1,672,431

2.3

 

As a result of the exercise of the Options detailed above, the Company has issued a total of 1,200,000 new Ordinary Shares (the "New Ordinary Shares") and has applied for such New Ordinary Shares to be admitted to trading on AIM. Each New Ordinary Share will rank pari passu with the existing Ordinary Shares and admission to trading on AIM is expected to occur on 14 April 2014.

 

The Company now has 73,900,012 Ordinary Shares outstanding, of which 1,299,522 Ordinary Shares are held by the Company in Treasury. Accordingly, the total number of voting shares in the Company is therefore 72,600,490. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the UK Financial Services Authority's Disclosure and Transparency Rules.

 

Enquiries:

 

Concurrent Technologies Plc
Glen Fawcett, Managing Director

 

+44 (0)1206 752 626

Newgate Threadneedle (Financial PR)
Caroline Forde

Robyn McConnachie


+44 (0)207 653 9850

Cenkos Securities plc (NOMAD)
Neil McDonald

Beth McKiernan


+44 (0)131 220 9771
+44 (0)131 220 9778

 

For more information on Concurrent Technologies Plc and its products please visit www.cct.co.uk  

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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