AdEPT Telecom plc (LON:ADT), one of the UK’s leading independent communications integrators and managed service providers, today announced that Richard Burbage, Unified Communications Director, has purchased 125,000 shares at 240p per share.
Following the purchase, Richard Burbage is now interested in 125,000 ordinary shares (representing 0.56 per cent. of the issued ordinary share capital).
This announcement contains inside information for the purposes of Article 7 of EU Market Abuse Regulation 596/2014. The information set out below is provided in accordance with the requirements of Article 19(3) of that Regulation.
1 | Details of the person discharging managerial responsibilities I person closely associated | |||||
a) | Name | Richard Burbage | ||||
2 | Reason for the notification | |||||
a) | Position/status | Director | ||||
b) | Initial notification /Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | AdEPT Telecom plc | ||||
b) | LEI | n/a | ||||
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 | Purchase | ||||
c) | Price(s) and volume(s) |
|
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d) | Aggregated information
– Aggregated volume – Price
|
n/a | ||||
e) | Date of the transaction | 21 July 2016 | ||||
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) |
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, IP telephony, equipment installation, managed services, IT services, Wi-Fi, hardware 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 Openreach, Vodafone, Virgin Media and Avaya.
AdEPT is listed on the London Stock Exchange (Ticker: ADT). For further information please visit: www.adept-telecom.co.uk