AdEPT Telecom plc Director/PDMR Shareholdings (2257X)
18 November 2014 - 1:55AM
UK Regulatory
TIDMADT
RNS Number : 2257X
AdEPT Telecom plc
17 November 2014
AdEPT Telecom plc
("AdEPT" or the "Company")
Director/PDMR shareholdings
Executive directors increase shareholdings
AdEPT (AIM: ADT), one of the UK's leading independent providers
of award-winning landline voice and data connectivity
telecommunications services, VoIP and mobile networks, was notified
on 14 November 2014 that Amanda Woodruffe (Chief Operating
Officer), Joe Murphy (Sales Director) and John Swaite (Finance
Director) had increased their shareholdings in the Company
following the exercise of a total of 350,000 options over ordinary
shares of 10p each ("New Ordinary Shares") at a price of 40p per
share ("Exercise") and had subsequently sold a total of 170,000
Ordinary Shares at a price of 125p per share to satisfy
institutional demand and the associated tax and option exercise
costs.
Ordinary Options Ordinary Resultant Percentage
Shares exercised Shares Ordinary of enlarged
held prior sold Shares issued
to Exercise held Ordinary
Shares
Amanda
Woodruffe 103,209 200,000 110,000 193,209 0.86%
Joe Murphy 357 75,000 30,000 45,357 0.20%
John Swaite 11,256 75,000 30,000 56,256 0.25%
------------- ------------- ----------- --------- ---------- -------------
Application will be made to the London Stock Exchange for the
New Ordinary Shares, which rank pari passu with the Company's
existing issued Ordinary Shares, to be admitted to trading on AIM
("Admission"). Admission is expected to take place on 21 November
2014.
Following Admission, the total number of Ordinary Shares in
issue will be 22,419,603. The Company does not hold any Ordinary
Shares in treasury. Therefore, the total number of voting rights in
the Company is 22,419,603. This figure may be used by shareholders
as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a
change to their interest in, the share capital of the Company under
the Financial Conduct Authority's Disclosure and Transparency
Rules.
For further information on AdEPT Telecom, please visit
www.adept-telecom.co.uk or contact:
AdEPT Telecom Plc
Roger Wilson, Chairman 07786 111 535
Ian Fishwick, Chief Executive 01892 550 225
John Swaite, Finance
Director 01892 550 243
Northland Capital Partners
Limited 020 7382 1100
Nominated Adviser
Edward Hutton/Lauren
Kettle
Broking
John Howes/Alice Lane
About AdEPT Telecom plc:
AdEPT Telecom plc is one of the UK's leading independent
providers of voice and data telecommunications solutions. The
Company provides a complete communications portfolio of fixed line
calls, line rental, mobile, VoIP and data connectivity products.
AdEPT's tailored services are used by thousands of businesses and
residential customers across the UK and are brought together
through the strategic relationships with tier-1 suppliers such as
BT, Vodafone and TalkTalk Business.
AdEPT Telecom is listed on the London Stock Exchange (Ticker:
ADT). For further information please visit:
www.adept-telecom.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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