23 June 2021
Concurrent Technologies Plc
Issue of Share options and PDMR dealing
The Board of Concurrent Technologies Plc (AIM:CNC) announces that, on 22 June, the Company granted share options (the “Share Options”) over 267,379 ordinary shares of 1p each in the share capital of the Company to Miles Adcock, the newly appointed Chief Executive Officer and executive director of the Company.
The Share Options have an exercise price, calculated in accordance with the rules of the Enterprise Management Incentive Scheme 2000, of 93.5 pence each.
The Share Options will vest after 3 years and are subject to performance conditions linked to the average basic earnings per Ordinary Share for the complete years commencing with 1st January 2021 and ending with the year ending most immediately prior to the exercise of the Option.
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|
|2.||Reason for the Notification|
|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|
|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|
|b)||Nature of the Transaction||Grant of Share Options under the approved EMI 2000 scheme|
|c)||Price(s) and volume(s)||Price(s)||Volume(s)|
|93.5 pence||267,379 ordinary shares|
Aggregated volume price
|N/A – Single Transaction|
|e)||Date of the transaction||22 June 2021|
|f)||Place of the transaction||Outside a trading venue|