adept4 plc Director/PDMR Shareholding (5126R)

TIDMAD4

RNS Number : 5126R

adept4 plc

29 October 2019

Adept4 plc

("Adept4" or the "Company")

Director/PDMR Shareholding

Adept4 (AIM: AD4), the AIM quoted provider of IT as a Service, announces that it has received notification that Non-Executive Chairman, Simon Duckworth, sold 4,500,000 ordinary shares of 1 pence in the Company ("Ordinary Shares") at a price of 1.549 pence per share on 28 October 2019 and immediately repurchased 2,575,000 Ordinary Shares through his ISA and 1,925,000 Ordinary Shares through his SIPP (4,500,000 Ordinary Shares in total), in each case at a price of 1.55 pence per share

Following these trades, Simon Duckworth's beneficial holding remained unchanged at 5,700,000 ordinary shares, representing 1.25 per cent. of the current total voting rights of the Company.

Further details are contained within the notification below, made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.

 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                                       Simon Duckworth 
     -----------------------------------------  ---------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------------- 
 a)   Position/status                            Non-Executive Chairman 
     -----------------------------------------  ---------------------------------- 
 b)   Initial notification/Amendment             Initial notification 
     -----------------------------------------  ---------------------------------- 
 3    Details of the issuer, emission allowance market participant, auction 
       platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------------- 
 a)   Name                                       Adept4 plc 
     -----------------------------------------  ---------------------------------- 
 b)   LEI                                        213800D4GJKAFHT5TB32 
     -----------------------------------------  ---------------------------------- 
 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,   Ordinary shares of 1 pence each 
       type of instrument                         GB00B8GRBX01 
       Identification code 
     -----------------------------------------  ---------------------------------- 
 b)   Nature of the transaction                  Transfer between accounts 
     -----------------------------------------  ---------------------------------- 
 c)   Price(s) and volume(s)                     Sale Price(s)       Volume(s) 
                                                   1.549 pence    4,500,000 
                                                                 ---------- 
 
 
                                                  Purchase Price(s)      Volume(s) 
                                                   1.55 pence    2,575,000 
                                                                ---------- 
                                                   1.55 pence    1,925,000 
                                                                ---------- 
     -----------------------------------------  ---------------------------------- 
 d)   Aggregated information                       4,500,000 (sale) 
               *    Aggregated volume               1.549 pence 
                                                    GBP69,705 
        *    Price 
                                                    4,500,000 (purchase) 
                                                    1.55 pence 
        *    Total                                  GBP69,750 
 
 
 
               *    Aggregated volume 
 
        *    Price 
 
 
        *    Total 
     -----------------------------------------  ---------------------------------- 
 e)   Date of the transaction                    28 October 2019 
     -----------------------------------------  ---------------------------------- 
 f)   Place of the transaction                   London Stock Exchange (XLON) 
     -----------------------------------------  ----------------------------------

Contacts:

 
   Adept4 plc 
    Darron Giddens (Company Secretary)     01925 398 255 
 
     N+1 Singer (Nominated Adviser and 
     Broker) 
     Peter Steel / Ben Farrow              020 7496 3000 
 
     MXC Capital Markets LLP 
     Charlotte Stranner                    020 7965 8149

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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