Exercise of Share Options and Total Voting Rights

Concurrent Technologies PLC

13 September 2024

 

13 September 2024

Concurrent Technologies Plc

(the "Company" or the "Group")

Exercise of Share Options, PDMR Dealing, Transaction in Own Shares and Total Voting Rights

Concurrent Technologies PLC (AIM: CNC), a designer and manufacturer of leading-edge computer products, systems and mission critical solutions used in high-performance markets by some of the world's major OEMs, announces that Brent Salgat, Director & Chief Revenue Officer, has exercised share options ("Share Options") over 150,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares") at a price of 39 pence per Ordinary Share. To satisfy the exercise of the Share Options 150,000 Ordinary Shares have been transferred out of treasury.

The Share Options were granted in 2015 under the Enterprise Management Incentive Scheme 2000 and became exercisable following the satisfaction of certain performance criteria. Following the exercise, Mr Salgat as a total interest in 150,000 Ordinary Shares, representing 0.17 per cent of the enlarged share capital.

Total Voting Rights

Following the exercise of the Share Options, the Company has transferred 150,000 Ordinary Shares out of treasury. Accordingly, the Company holds 381,522 Ordinary Shares in treasury and its total number of Ordinary Shares with voting rights is 85,787,714. This figure of 85,787,714 Ordinary Shares may be used by Company's shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, Concurrent Technologies Plc under the FCA's Disclosure Guidance and Transparency Rules.

Enquiries:

Concurrent Technologies Plc Miles Adcock - CEO Kim Garrod - CFO	[phone]
Alma Strategic Communications Josh Royston Hannah Campbell	[phone]
Cavendish Capital Markets Limited (NOMAD) Neil McDonald Peter Lynch	[phone] [phone]

About Concurrent Technologies Plc

Concurrent Technologies Plc develops and manufactures high-end embedded Plug In Cards and Systems 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 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.

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Brent Salgat
2.	Reason for the Notification
a)	Position/status	Chief Revenue Officer & Executive 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	150,000 ordinary shares
d)	Aggregated information Aggregated volume price	N/A - Single Transaction
e)	Date of the transaction	9 September 2024
f)	Place of the transaction	AIM, London Stock Exchange

 

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