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FINAL RESULTS 2021

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ADEPT TECHNOLOGY GROUP PLC(“AdEPT” or the “Company” or the “Group”) FINAL RESULTS 2021 AdEPT, one of the UK’s leading independent providers of managed services for IT, connectivity, unified communications solutions, and cloud services, is pleased to announce its final results for the full year ended 31 March 2021 (“FY21”). The Group delivered a resilient financial performance under highly challenging trading conditions and made considerable progress in its strategic ambitions, despite the disruption. Financial highlights   Revenue of £57.9m at 94% of FY20 (2020: £61.7m)   Gross Profit of £27.6m at 91% of FY20 (2020: £30.2m)   Underlying EBITDA of £9.8m at 84% of FY20 (2020: £11.7m)1   Underlying EBITDA margin of 17% (2020: 19%)   Adjusted fully diluted earnings per share of 22.4p (2020: 28.0p)2   Cash generation from operating activities after tax £7.4m (2020: £7.6m)   Cash at year-end £13.2m (2020: £11.8m)   Conversion of reported EBITDA to operating…

Notice of Results and Online Investor Presentation

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ADEPT TECHNOLOGY GROUP PLC (“AdEPT” or the “Company” or the “Group”) Notice of Results and Online Investor Presentation AdEPT (AIM: ADT), one of the UK’s leading independent providers of managed services for IT, unified communications, connectivity, and voice solutions, is pleased to confirm that the results for the financial year ended 31 March 2021 (“FY21”) will be released on Wednesday, 7 July 2021. There will be a live online results presentation via the Investor Meet Company platform on that day, 7th July 2021, commencing at 1:00pm. The presentation is open to all existing and potential investors. Questions may be submitted pre-event via the Investor Meet Company dashboard, up until 9am the day before the meeting or at any time during the live presentation. Investors may sign up to Investor Meet Company for free and add to meet ADEPT TECHNOLOGY GROUP PLC via: https://www.investormeetcompany.com/adept-technology-group-plc/register-investor. Investors already following AdEPT on the Investor Meet Company platform will…

ACQUISITION OF DATRIX LIMITED

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ADEPT TECHNOLOGY GROUP PLC (“AdEPT” or the “Company” or the “Group”) ACQUISITION OF DATRIX LIMITED A substantial, strategically important acquisition in the growing advanced cloud-based networks market AdEPT, one of the UK’s leading independent providers of managed services for IT, connectivity, unified communications solutions, and cloud services, is pleased to announce that yesterday it completed the acquisition of the entire issued share capital of Datrix Limited (“Datrix”) for an initial cash consideration of £9.0m (the “Acquisition”), which has been funded through the Group’s new bank facility. Datrix is a well-established, award-winning supplier of advanced cloud-based networking, communications, and cyber security solutions, headquartered in London, with expertise in the growing Software Defined Wide Area Networking (“SD-WAN”) market. This substantial, strategically important acquisition is wholly in line with the Board’s stated strategy to; a) grow both organically and by acquisition, leveraging the Group’s banking facilities which are supported by a strong balance…

New Banking Arrangements

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ADEPT TECHNOLOGY GROUP PLC (“AdEPT” or the “Company” or the “Group”)Trading UpdateandNew Banking Arrangements AdEPT (AIM: ADT), one of the UK’s leading independent providers of managed services for IT, unified communications, connectivity and voice solutions, is pleased to announce a trading update for the financial year ended 31 March 2021 (“FY21”), ahead of the Group’s audited results which are expected to be released in July 2021. * Earnings before interest, tax, depreciation, amortisation and excluding one off acquisition and restructuring costs and share based payments Trading Update The Board is pleased to report that, as expected, the Group delivered a resilient performance in Q4, despite the ongoing challenges of the pandemic. Sustained customer demand avoided any need for the Job Retention Scheme (“furlough scheme”) in Q4, which had been utilized by the Group in Q1 and Q2. The Group expects to close FY21 in-line with current market forecasts for revenue…

Q3 Trading Update, Capital Markets Day and Board Changes

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AdEPT Technology Group PLC (“AdEPT” or the “Company” together with its subsidiaries the “AdEPT Group”) Q3 Trading Update, Capital Markets Day and Board Changes AdEPT (AIM: ADT), one of the UK’s leading independent providers of managed services for IT, unified communications, connectivity, and voice solutions, today announces a trading update for Q3 of the current financial year ending 31 March 2021. Resilience supports reinstating guidance In the September 2020 interim results announcement we noted the incredible resilience of the AdEPT business model despite the headwinds created by the unique challenges posed by the COVID-19 pandemic. Whilst a number of these challenges remain, given that we are currently in a UK-wide lockdown, the resilience of the AdEPT business model has been maintained and the Company is pleased to announce that it is reinstating guidance for the current year outturn and the year ending 31 March 2022. Professional investors who wish to…

AdEPT supports Department for Education

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AdEPT Technology Group PLC("AdEPT" or the "Company")  In support of the Department for Education, AdEPT has digitally enabled 500+ schools as part of the DfE's initiative to cloud enable schools to help them with remote education.  25 January: for immediate release  AdEPT Press Release With its mission of 'uniting technology, inspiring people', AdEPT Technology Group today announces a milestone in its partnership with Google's G Suite for Education and Microsoft's Office 365 Education with over 500 schools now being set up with a digital education platform.   Relevance for investors  AdEPT Technology Group is on course to win more business in the education sector as it continues its strategic partnership with Google for Education and Microsoft 365 for Education.  Responding to significant market demand, the partnerships enable AdEPT to win incremental cloud business - helping the Group to further support the education market place which is expected to further grow to £96.5 billion in 2022/23 (Source: HM…

AdEPT connectivity powers part of the NHS’ biggest data network transition programme to date

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AdEPT Technology Group PLC ("AdEPT" or the "Company") AdEPT connectivity powers part of the NHS’ biggest data network transition programme to date AdEPT Press Release With its mission of 'uniting technology, inspiring people', AdEPT Technology Group has helped the NHS succeed in a major technology transformation.  Relevance for investors Winning a mandate to deliver a substantial program of work is only the start of the journey. Delivering success, and being commended as a result, is a far more important milestone and augurs well for winning new projects to provide critical infrastructure in both the public and private markets. The story In November 2020, the NHS declared victory on a massive project to transfer hundreds of NHS and social care sites from a legacy data network to an updated version in a project expected to save the heath service £75million a year. About 12,000 sites belonging to 950 NHS, social care,…

Grant of share options

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AdEPT Technology Group PLC (“AdEPT” or the "Company" together with its subsidiaries the “AdEPT Group”) 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, and Andy Lovett, the Company’s Chief Operating Officer, each over 125,149 ordinary shares of 10 pence each in the Company (“Ordinary Shares”). The options have an exercise price of 220 pence, being the closing mid-market price on 31 December 2020, and will vest three years after the date of issue. Following the grant of options, Phil Race and Andy Lovett hold options over 599,185 and 225,149 Ordinary Shares respectively. For further information please contact: AdEPT Technology Group plc Ian Fishwick, Chairman Phil Race, Chief Executive John Swaite, Finance Director 07720 555 050 07798…

Interim results for the six months ended 30 September 2020

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Interim results for the six months ended 30 September 2020 AdEPT (AIM: ADT), one of the UK’s leading independent providers of managed services for IT, unified communications, connectivity, voice and cloud services, announces its unaudited results for the six months ended 30 September 2020.

NOTIFICATION OF MAJOR HOLDINGS

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TR-1: Standard form for notification of major holdings NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i   1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: AdEPT Technology Group PLC 1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate) Non-UK issuer   2. Reason for the notification (please mark the appropriate box or boxes with an “X”) An acquisition or disposal of voting rights x An acquisition or disposal of financial instruments   An event changing the breakdown of voting rights   Other (please specify)iii: Placing   3. Details of person subject to the notification obligationiv Name Downing LLP City and country of registered office (if applicable) London, UK 4. Full name of shareholder(s) (if different from 3.)v Name MI…
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