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Latest News and Regulatory Announcments
LSE white logo Stock Exchange Regulatory News Service (RNS) Announcements are indicated by showing the Stock Exchange logo.

Copper Out, Fibre In

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An update on the PSTN Closure and WLR withdrawl programme   "Last year, in 2018, OpenReach announced the closure of the telephone network in six years’ time at the end of 2025. Since the announcement, a series of consultations have been taking place with Industry. The impact of the removal of the copper network, including tail circuits, telephone lines and more will be the biggest shakeup for UK telecoms since the privatisation of British Telecom in 1984. The rush to get Britain fibred is being led by the Department of Digital, Culture, Media and Sport and is becoming increasingly important in the event of Brexit to ensure that the UK is ready to take on the world." (Mike Thomas - Managing Director Innopsis (To find out more click here)) Ross Comfort, Head of Operations based at AdEPT's Head Office in Tunbridge Wells was invited to speak about this pending closure…

Holdings in company

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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 Downing UK Micro-Cap Growth Fund…

March 2019 trading update

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The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain AdEPT Technology Group PLC (“AdEPT” or the "Company" together with its subsidiaries the “AdEPT Group”) Trading Update 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 the year ended 31 March 2019, ahead of the audited final results which are expected to be announced in early July 2019. The Board is pleased to report a year of continued further progress and delivery of our organic and acquisitive growth strategy. We have seen substantial growth across the AdEPT Group, alongside important acquisitions which have extended our geographic reach and our product range. Key…

Directorate change

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The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain  AdEPT Technology Group plc  (“AdEPT” or the “Company”, together with its subsidiaries the “Group”) Directorate changes  AdEPT (AIM: ADT), one of the UK’s leading independent providers of managed services for IT, unified communications, connectivity, voice and cloud services, announces that Christopher Kingsman has resigned as a non-executive director of the Company with immediate effect. Christopher Kingsman said, “I have thoroughly enjoyed my time working with the team at AdEPT. The business is extremely well run, and Ian has built a platform that will allow our new CEO to build a long-term growth company. It was a pleasure to be part of the process in recruiting Phil Race as our new…

Directorate changes

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10 December 2018 AdEPT Technology Group plc (“AdEPT” or the “Company”, together with its subsidiaries the “Group”) Directorate changes AdEPT (AIM: ADT), one of the UK’s leading independent providers of managed services for IT, unified communications, connectivity, voice and cloud services, announces the following Board changes. The Board is pleased to announce that Phil Race is being appointed as an executive director with immediate effect and as Chief Executive from 1st January 2019, with Ian Fishwick becoming Chairman at that time. Ian will continue to head the Group’s acquisition initiatives, with Phil taking over the day to day management roles from Ian, while supporting him with M&A activities. Roger Wilson, the current Chairman, will become Deputy Chairman. There are no changes to the composition of the Audit Committee and Remuneration Committee of the Company as a result of the Board changes. Over a 20-year career Phil has headed businesses within…

Interim results September 2018

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AdEPT Technology Group plc  (“AdEPT” or the “Company”, together with its subsidiaries the “Group”)  Interim results for the 6 months ended 30 September 2018 For a full copy of the RNS release please click here 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 6 months ended 30 September 2018. Highlights Revenue and EBITDA Total revenue increased by 9.5% to £24.4 million (2017: £22.3 million) Managed services revenue increased by 19.2% to £18.0 million (2017: £15.1 million) Managed services revenue up to 74% of total revenue (2017: 67%) EBITDA* increased by 10.7% to £5.2 million (2017: £4.7 million) EBITDA* margin 21.2% (2017: 20.9%) PBT, EPS and Dividends Adjusted profit after tax** increased by 13.4% to £3.7 million (2017: £3.2 million) Adjusted EPS increased by 11.7% to 14.5p (2017: 13.0p) Interim dividend…

Acquisition and extension of Banking Facility

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AdEPT Technology Group Plc  (“AdEPT” or the “Company”) Acquisition and extension of Banking Facility ACQUISITION OF ETS COMMUNICATIONS HOLDINGS LIMITED AdEPT Technology Group plc, one of the UK’s leading independent providers of managed services for IT, connectivity, unified communications solutions and cloud services, announces that it has signed an agreement to acquire the entire issued share capital of ETS Communications Holdings Limited (“ETS Holdings”) and its trading subsidiary ETS Communications Limited (“ETS Comms”), (together referred to as “ETS”) both well-established UK based specialist providers of unified communications services. Acquisition highlights Initial consideration of £2.5m less the net debt of ETS at 31 October 2018 Expected to be earnings enhancing from completion AdEPT group revenue run rate anticipated to increase by approximately 5% Highly complementary unified communications product set, including Avaya IP Office and Ericsson-LG ETS enhances AdEPT healthcare strategy with more than 200 GP surgeries as customers Highly experienced vendor…

Holdings in company

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AdEPT Technology Group plc (“AdEPT” or the "Company") Holding(s) in Company AdEPT Technology Group plc, one of the UK’s leading independent providers of managed services for IT, unified communications, connectivity and voice solutions, has been informed that following a distribution of ordinary shares in AdEPT to the underlying beneficiaries, the Estate of Christopher Fishwick (the “Estate”) no longer has an interest in the ordinary share capital of the Company. Following the distribution of ordinary shares from the Estate, the below individuals have an interest as follows: Shareholder Number of Shares Percentage of issued share capital Shelley Fishwick 1,551,208 6.54% Keenan Fishwick 1,101,209 4.64% Ryan Fishwick 1,101,209 4.64% For more information please contact: AdEPT Technology Group plc Roger Wilson, Chairman Ian Fishwick, Chief Executive John Swaite, Finance Director   07786 111 535 01892 550 225 01892 550 243 Cantor Fitzgerald Europe Nominated Adviser & Broker - Marc Milmo/Catherine Leftley   020…

Name change effective

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AdEPT Telecom PLC (“AdEPT” or the "Company") Further re: Change of Name Following shareholder approval at the Company’s AGM held on 27 September 2018, AdEPT is pleased to confirm that the required documentation to effect the Company’s name change has now been received from Companies House. Therefore the Company’s change of name will now take effect as of 08.00 a.m. on 2 October 2018. Its shares will trade under the new name AdEPT Technology Group plc, the TIDM remains ADT and there is no change to the Company’s ISIN: GB00B0WY3Y47. The Company’s website remains at www.adept.co.uk For more information please contact: AdEPT Telecom Plc Roger Wilson, Chairman Ian Fishwick, Chief Executive John Swaite, Finance Director   07786 111 535 01892 550 225 01892 550 243 Cantor Fitzgerald Europe Nominated Adviser & Broker - Marc Milmo/Catherine Leftley   020 7894 7000

Name change

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AdEPT Telecom PLC (“AdEPT” or the "Company")  Further re: Change of Name Further to the announcement on 27 September 2018, AdEPT Telecom plc informs that, whilst the forms have been submitted to Companies House, confirmation in relation to the Company’s name change has yet to be received. As a result, the name change will not take effect at 08.00 a.m. on Monday 1 October 2018. A further announcement as to the effective date of the name change will be made once the required confirmations in respect of the name change have been received. For more information please contact: AdEPT Telecom Plc Roger Wilson, Chairman Ian Fishwick, Chief Executive John Swaite, Finance Director   07786 111 535 01892 550 225 01892 550 243 Cantor Fitzgerald Europe Nominated Adviser & Broker - Marc Milmo/Catherine Leftley   020 7894 7000
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