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AdEPT Telecom plc (ADT)

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Tuesday 21 August, 2018

AdEPT Telecom plc

Issue of Share Options and Director Disclosure

RNS Number : 3538Y
AdEPT Telecom plc
21 August 2018
 

AdEPT Telecom PLC

("AdEPT" or the "Company")

 Issue of share options

The Company has today issued a total of 200,000 options (100,000 each) over ordinary shares of 10p each at an exercise price of 353p to the Managing Directors of Our IT Department Limited and Atomwide Limited in accordance with the resolution approved by shareholders at the 2017 AGM.  The issue of these options is to further align the interest of senior employees with those of shareholders and promote the retention of the Company's senior management team.

Following the award, the share options which remain outstanding under the Company share option schemes at the date of this announcement are:


Option

scheme

Options at

31 March

2018

Option

price

Date of

grant

I Fishwick

EMI

129,440

222p

1 March 2016

J Swaite

EMI

64,720

222p

1 March 2016

R Wilson

EMI

29,660

222p

1 March 2016

D Lukic

Unapproved

16,180

222p

1 March 2016

R Burbage

Unapproved

100,000

238p

31 October 2016

R Burbage

Unapproved

52,500

238p

31 October 2016

I Fishwick

Unapproved

140,000

335p

2 August 2017

J Swaite

Unapproved

100,000

335p

2 August 2017

D Bealing

Unapproved

100,000

353p

20 August 2018

A Foster

Unapproved

100,000

353p

20 August 2018

 

Director Disclosure

The Company announces in accordance with AIM Rule 17 of the AIM Rules for Companies that it has been informed by Dusko Lukic, a Non-Executive Director of the Company, that Millpath Limited, a private company of which Dusko Lukic is a director, is in compulsory liquidation. 

AdEPT Telecom plc has no relationship to Millpath Limited and the Board of the Company do not consider this disclosure has any impact on Dusko's ability as a Non-Executive Director of the Company.

For more information please contact:

 

AdEPT Telecom Plc

Roger Wilson, Chairman

Ian Fishwick, Chief Executive

John Swaite, Finance Director

 

 

07786 111 535

01892 550 225

01892 550 243

 

Northland Capital Partners Limited

Nominated Adviser - Tom Price/Edward Hutton

Broking - Rob Rees

 

020 3861 6625

 

 

About AdEPT Telecom plc:

AdEPT Telecom plc is one of the UK's leading independent providers of managed services for IT, unified communications, connectivity and voice solutions.  The Company provides a complete communications portfolio of unified communications, IP telephony, IT services, equipment installation, managed services, Wi-Fi, IT and communications hardware and data connectivity products.  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 listed on the London Stock Exchange (Ticker: ADT). For further information please visit: www.adept.co.uk

 


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