Issue of Share Options and PDMR Dealing

Concurrent Technologies PLC

26 September 2024

 

26 September 2024

Concurrent Technologies Plc

(the 'Company')

Issue of Share options and PDMR dealing 

The Board of Concurrent Technologies Plc (AIM:CNC) announces that, on 25^th September 2024, the Company granted share options (the "Share Options") over 834,483 ordinary shares of 1p each in the share capital of the Company to 22 employees, including certain persons discharging managerial responsibilities, as detailed below.

All the Share Options are granted under the Concurrent Technologies PLC Long Term Incentive Plan and have an exercise price of 1 pence and are subject to performance conditions linked to the increase in basic earnings per Ordinary Share for the complete years commencing with 1^st January 2025 and ending with the year ending 31^st December 2027.

Enquiries:

Concurrent Technologies Plc Miles Adcock - CEO Kim Garrod - CFO	[phone]
Alma Strategic Communications Josh Royston Hannah Campbell Will Merison	[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 (PICs) 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.concurrent.tech

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Miles Adcock
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	Grant of Share Options under the Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		1.0 pence	245,365 ordinary shares
d)	Aggregated information Aggregated volume price	N/A - Single Transaction
e)	Date of the transaction	25 September 2024
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Brent Salgat
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	Grant of Share Options under the Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		1.0 pence	100,938 ordinary shares
d)	Aggregated information Aggregated volume price	N/A - Single Transaction
e)	Date of the transaction	25 September 2024
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Kim Garrod
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	Grant of Share Options under the Long Term Inventive Plan
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		1.0 pence	98,195 ordinary shares
d)	Aggregated information Aggregated volume price	N/A - Single Transaction
e)	Date of the transaction	25 September 2024
f)	Place of the transaction	Outside a trading venue

 

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