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	[phone]
Newgate Threadneedle (Financial PR) Caroline Forde Robyn McConnachie	[phone]
Cenkos Securities plc (NOMAD) Neil McDonald Beth McKiernan	[phone] [phone]

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

 

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