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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, was notified that Christopher Kingsman (Non-Executive Director) has increased today 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 sold Ordinary Shares % of issued 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

Ian Fishwick, Chief Executive

John Swaite, Finance Director

 

07786 111 535

01892 550 225

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

Identification code

Ordinary Shares of 10p each

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

–     Aggregated volume

–     Price

 N/A

 

e) Date of the transaction 28 February 2018
f) Place of the transaction London Stock Exchange