AdEPT Telecom plc Director Share Purchase and Institutional Placing (2403J)
September 07 2016 - 11:49AM
UK Regulatory
TIDMADT
RNS Number : 2403J
AdEPT Telecom plc
07 September 2016
AdEPT Telecom plc
("AdEPT" or the "Company")
Director Share Purchase and Institutional Placing
Share Placing
AdEPT (AIM: ADT), one of the UK's leading independent
communications integrators and managed service providers, today is
pleased to announce that Northland Capital Partners Limited, as the
Company's broker, has today conducted a placing of 1,500,000
existing ordinary shares of 10p each in the Company (the "Placing
Shares" and the "Placing") to satisfy demand from new and existing
institutional investors and an executive director of the
Company.
The Placing Shares have been sold on behalf of the beneficiaries
to the estate of Christopher Fishwick. The Placing Shares were sold
at a price of 235p per share and represent, in aggregate, 6.67 per
cent. of the issued share capital of AdEPT.
Subsequent to the Placing, the revised total beneficial
interests in the Company of the selling shareholders are set out
below:
Placing Shares Resultant shareholding
sold
Vendor Number % of issued Number % of issued
of Ordinary share capital of Ordinary share capital
Shares Shares
Croyde Limited - - 2,872,500 12.78
Codium Limited 290,400 1.29 1,662,900 7.40
Bittium Limited 459,600 2.04 - -
Shelley Fishwick 750,000 3.34 465,000 2.07
Director Share Purchase
As part of the Placing, Richard Burbage, Unified Communications
Director, has increased his stake in the Company and purchased
85,000 Placing Shares at 235p per share.
Subsequent to the purchase, the revised total beneficial
interest of Richard Burbage in the Company is set out below:
Placing Shares Resultant shareholding
purchased
Number % of issued Number % of issued
of Ordinary share capital of Ordinary share capital
Shares Shares
Richard Burbage 85,000 0.38 210,000 0.93
For further information on AdEPT Telecom, please visit
www.adept-telecom.co.uk or contact:
AdEPT Telecom Plc
Roger Wilson, Chairman 07786 111 535
Ian Fishwick, Chief Executive 01892 550 225
John Swaite, Finance
Director 01892 550 243
Northland Capital Partners
Limited 020 3861 6625
Nominated Adviser
Edward Hutton/Gerry Beaney
Broking
John Howes/Abigail Wayne
This announcement contains inside information for the purposes
of Article 7 of EU Market Abuse Regulation 596/2014.
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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