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Concurrent Tech. (CNC)

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Tuesday 09 June, 2020

Concurrent Tech.

Total Voting Rights & Director Shareholding

RNS Number : 4523P
Concurrent Technologies PLC
09 June 2020
 

9 June 2020

 

Concurrent Technologies Plc

(the 'Company')

 

Total Voting Rights & Director Shareholding

 

Concurrent Technologies Plc (AIM: CNC) advises that it has transferred a total of 105,000 ordinary shares of 1p each ("Ordinary Shares") from Treasury in order to satisfy the exercise of share options.

After this transfer, the Company's total issued share capital consists of 73,900,012 Ordinary Shares, of which 226,522 are held in Treasury. Therefore, the total number of the Company's Ordinary Shares with voting rights is 73,673,490.

This figure of 73,673,490 may be used by shareholders as the denominator for calculations to determine if they have a notifiable interest in the Company under the FCA's Disclosure and Transparency Rules, or if such interest has changed.

A tranche of these transfers from Treasury related to the exercise by Mr David Evans-Hughes, Engineering Director, of options in respect of 75,000 Ordinary Shares at 39 pence each on 8 June 2020. Following completion of this transaction, Mr Evans-Hughes has an interest in 912,951 ordinary shares, representing 1.2% of the issued share capital of the Company.

 

The Company also announces that it has been notified that Ms Jane Annear, Managing Director, has sold 150,000 ordinary shares at 108 pence per share on 9 June 2020.

 

This sale is to cover the cost, tax and expenses relating to the exercise of 400,000 share options which was announced on 27 May 2020.

 

Following completion of the exercise of share options and this sale,  Ms Annear's retains an interest of 2,105,096 ordinary shares, an increase of 250,000 shares since the beginning of the year, and which represents 2.8% of the issued share capital of the Company.

 

Enquiries:

 

Concurrent Technologies Plc
Jane Annear, Managing Director/CEO

 

+44 (0)1206 752626

 

 

Newgate (Financial PR)
Bob Huxford

Isabelle Smurfit

 

+44 (0)20 7653 9848
+44 (0)20 3757 3411

 

 

Cenkos Securities Plc (NOMAD)
Neil McDonald

Peter Lynch


+44 (0)131 220 9771

+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 9th generation embedded Intel® Core™ processors, 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

David Evans-Hughes

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

Exercise of Options

c)

Price(s) and volume(s)

Price(s)

Volume(s)

39 pence

75,000 ordinary shares

d)

Aggregated information

Aggregated volume price

N/A - Single Transaction

e)

Date of the transaction

8 June 2020

f)

Place of the transaction

London Stock Exchange, AIM (LON:CNC)

 

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Jane Annear

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

Sale

c)

Price(s) and volume(s)

Price(s)

Volume(s)

108 pence

150,000 ordinary shares

d)

Aggregated information

Aggregated volume price

N/A - Single Transaction

e)

Date of the transaction

9 June 2020

f)

Place of the transaction

London Stock Exchange, AIM (LON:CNC)

 


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 [email protected] or visit www.rns.com.
 
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