Grant of Options 07/01/2020

This grant of options form part of the remuneration package agreed under the employment terms for Phil Race following his appointment as CEO on 20 December 2018

AdEPT Technology Group plc
(“AdEPT” or the “Company”)

 

Grant of options

AdEPT Technology Group plc (AIM: ADT), one of the UK’s leading independent providers of managed services for IT, unified communications, connectivity, voice and cloud services, announces that it has granted options to Phil Race, the Company’s Chief Executive Officer, over 237,018 ordinary shares of 10 pence each in the Company (“Ordinary Shares”). This grant of options form part of the remuneration package agreed under the employment terms for Phil Race following his appointment as CEO on 20 December 2018.

The options have an exercise price of 333 pence, being the closing mid-market price on 31 December 2019, and will vest three years after the date of issue. Following the grant of options, Phil Race holds options over 474,036 Ordinary Shares.

For further information please contact:

AdEPT Technology Group plc

Ian Fishwick, Chairman

Phil Race, Chief Executive

John Swaite, Finance Director

07720 555 050

07798 575 338

01892 550 243

Cantor Fitzgerald Europe

Nominated Adviser & Broker

Phil Davies / Will Goode

020 7894 7000

 

Overview of AdEPT Technology Group plc

AdEPT Technology Group plc is one of the UK’s leading independent providers of managed services for IT, unified communications, connectivity and voice solutions. 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 Openreach, BT Wholesale, Virgin Media, Avaya, Microsoft, Dell and Apple.

AdEPT is quoted on AIM, operated by the London Stock Exchange (Ticker: ADT). For further information please visit: www.adept.co.uk

1

Details of the relevant person / person closely associated

a)

Name

Phil Race

2

Reason for the notification

a)

Position/status

Director of AdEPT Technology Group plc

b)

Initial notification/ Amendment

Initial notification

3

Details of the issuer

a)

Name

AdEPT Technology Group 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

 

Identification code

GB00B0WY3Y47

b)

Nature of the transaction

Grant of options

c)

Price(s) and volume(s)

Price(s)

Volume(s)

333 pence

237,018

d)

Aggregated information

 
 

– Aggregated volume

As above

 

– Price

As above

e)

Date of the transaction

1 January 2020

f)

Place of the transaction

AIM

Written by John Swaite