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On February 26, 2025, Brent Salgat, Director & Chief Revenue Officer of Concurrent Technologies Plc, sold 40,000 ordinary shares at an average price of 166.8p to cover tax liabilities from exercising 150,000 share options. Following this transaction, Mr. Salgat retains a total interest in 110,000 Ordinary Shares, representing 0.13 per cent of the Company's issued share capital.
| Date | 28 Feb 2025 |
| Time | 07:00:10 |
| Category | Director/PDMR dealings |
| ID | 7962Y |
28 February 2025
Concurrent Technologies Plc
(the "Company" or the "Group")
Director Share Dealing
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 sold 40,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares") at an average price of 166.8p to cover associated tax liabilities from his exercise of 150,000 share options, as notified on 13th September 2024.
Following the sale of the Ordinary Shares, Mr Salgat has a total interest in 110,000 Ordinary Shares, representing 0.13 per cent of the Company's issued share capital.
Enquiries:
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Concurrent Technologies Plc Kim Garrod - CFO |
+44 (0)1206 752626
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Alma Strategic Communications Hannah Campbell |
+44 (0)20 3405 0205
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Cavendish Capital Markets Limited (NOMAD) Peter Lynch
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+44 (0)131 220 9772 |
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.
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1. |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Brent Salgat |
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2. |
Reason for the Notification |
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a) |
Position/status |
Chief Revenue Officer & Executive Director |
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b) |
Initial notification/amendment |
Initial notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Concurrent Technologies Plc |
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b) |
LEI |
213800422HXP2X6UPD94 |
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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 |
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a) |
Description of the Financial instrument, type of instrument |
Ordinary shares of 1 pence each |
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Identification code |
GB0002183191 |
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b) |
Nature of the Transaction |
Exercise of Options |
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c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
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167 pence |
30,000 ordinary shares |
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US$2.10 (166.48 pence) |
10,000 ordinary shares |
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d) |
Aggregated information Aggregated volume price |
N/A - Single Transaction |
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e) |
Date of the transaction |
26 February 2025 |
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f) |
Place of the transaction |
AIM, London Stock Exchange |
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