14 February 2020

 

Concurrent Technologies Plc

(the ‘Company’)

 Director / PDMR Shareholding

Concurrent Technologies Plc announces that its Chairman, Michael Collins, has gifted 1,000,000 Ordinary Shares in the Company into a trust, the trustees of which are Jennifer Eve Robson Collins (wife) and Amy Louise Robson Marsh (daughter), and which is established for the benefit of his wife Jennifer Collins and his children and their descendants. Before the gift into trust Michael Collins held 4,443,287 Ordinary Shares, representing 6.01% of the issued share capital of the Company. Following this transfer Michael Collins holds 3,443,287 Ordinary Shares, representing 4.66% of the issued share capital of the Company. However, the shares gifted into trust will continue to be considered to be an interest of Michael Collins as a director for accounting purposes and will thus for that purpose be aggregated with his remaining shareholding back to his previous shareholding of 4,443,287 Ordinary Shares.

Enquiries:

Concurrent Technologies PLC
Jane Annear, Managing Director/ CEO – +44 (0)1206 752626
Newgate (Financial PR)
Bob Huxford – +44 (0)20 7653 9848
Isabelle Smurfit – +44 (0)20 7653 3411
Cenkos Securities Plc (NOMAD)
Neil Mcdonald – +44 (0)131 220 9771
Peter Lynch – +44 (0)131 220 9772
1. Details of the person discharging managerial responsibilities / person closely associated
a) Name Michael Collins
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 Gift to Family Trust
c) Price(s) and volume(s)
Price(s) Volume(s)
0 (nil) pence 1,000,000 ordinary shares
d) Aggregated information

Aggregated volume price

1,000,000 ordinary shares

 

£0.00 (nil)

e) Date of the transaction 13 February 2020
f) Place of the transaction London Stock Exchange, AIM (LON:CNC)

 

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.