Exercise of Share Options and Total Voting Rights
No summary for this filing – the full text is below.
Select text to share a quote on X · sign in to keep highlights & notes in your CNC notes
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.
| 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 | |
| a) | Name | Concurrent Technologies Plc | |
| b) | LEI | 213800422HXP2X6UPD94 | |
| 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 |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.