AdEPT Telecom plc Director increases shareholding (2646G)
February 28 2018 - 8:32AM
UK Regulatory
TIDMADT
RNS Number : 2646G
AdEPT Telecom plc
28 February 2018
AdEPT Telecom plc
("AdEPT" or the "Company")
Director increases shareholding
AdEPT (AIM: ADT), one of the UK's leading independent providers
of managed services for IT, unified communications, connectivity
and voice solutions, has been notified that Christopher Kingsman
(Non-Executive Director) has today increased his shareholding in
the Company following the purchase of 800,000 ordinary shares of
10p each ("Ordinary Shares") by Greenwood Investments Limited at a
price of 305p per Ordinary Share.
Following the purchase, Mr Kingsman is interested in 5,049,357
Ordinary Shares held via Greenwood Investments Limited,
representing approximately 21.3 per cent. of the current issued
share capital of the Company.
The 800,000 Ordinary Shares (representing approximately 3.4 per
cent. of the issued share capital of the Company) were sold on
behalf of the beneficiaries to the estate of Christopher Fishwick.
Their revised interests in the Company's shares subsequent to the
sale are set out below:
Resultant shareholding
Ordinary Shares Ordinary % of issued
sold Shares share capital
------------------ ---------------- ---------- ---------------
Fishwick Estate 800,000 3,735,400 15.8%
Shelley Fishwick - 450,000 1.9%
------------------ ---------------- ---------- ---------------
Total 800,000 4,185,400 17.7%
------------------ ---------------- ---------- ---------------
For further information on AdEPT Telecom, please visit
www.adept.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
Nominated Adviser
Edward Hutton/Tom Price
Broking
John Howes 020 3861 6625
About AdEPT Telecom plc:
AdEPT Telecom plc is one of the UK's leading independent
providers of managed services for IT, unified communications,
connectivity and voice solutions. The Company provides a complete
communications portfolio of unified communications, IP telephony,
IT services, equipment installation, managed services, Wi-Fi, IT
and communications hardware and data connectivity products. AdEPT's
tailored services are used by thousands of customers across the UK
and are brought together through the strategic relationships with
tier-1 suppliers such as BT Openreach, Vodafone, Virgin Media,
Avaya, Microsoft, Dell and Apple.
AdEPT is listed on the London Stock Exchange (Ticker: ADT). For
further information please visit: www.adept.co.uk
The notification below is provided in accordance with the
requirements of the EU Market Abuse Regulation.
1 Details of the person discharging managerial responsibilities/person closely associated
----------------------------------------------------------------------------------------------
a) Name Christopher Kingsman
---------------------------------------------------------------- ----------------------------
2 Reason for the notification
----------------------------------------------------------------------------------------------
a) Position/status Non-Executive Director
---------------------------------------------------------------- ----------------------------
b) Initial notification/ Amendment Initial
---------------------------------------------------------------- ----------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
----------------------------------------------------------------------------------------------
a) Name AdEPT Telecom Plc
---------------------------------------------------------------- ----------------------------
b) LEI 213800T1WNDEXVBGMP93
---------------------------------------------------------------- ----------------------------
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 10p each
Identification code GB00B0WY3Y47
---------------------------------------------------------------- ----------------------------
b) Nature of the transactions Purchase of Ordinary Shares
---------------------------------------------------------------- ----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
305p 800,000
---------------------------------------------------------------- ----------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
---------------------------------------------------------------- ----------------------------
e) Date of the transaction 28 February 2018
---------------------------------------------------------------- ----------------------------
f) Place of the transaction London Stock Exchange
---------------------------------------------------------------- ----------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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