An update from Concurrent Technologies ( (GB:CNC) ) is now available.
Concurrent Technologies Plc announced the issuance of 524,085 new Ordinary Shares following the exercise of options by directors and employees under its Long Term Incentive Plan. This transaction, involving the sale of shares to cover tax liabilities and costs, resulted in the company having no shares in treasury and a total of 86,311,799 Ordinary Shares with voting rights. The move is part of the company’s strategy to manage its share capital and could impact shareholder interests and market positioning.
More about Concurrent Technologies
Concurrent Technologies Plc is a designer and manufacturer of high-end embedded Plug In Cards and Systems, catering to telecommunications, defense, security, telemetry, scientific, and aerospace markets. Their products, featuring Intel processors, are used in high-performance and long life cycle applications, including harsh environments, and are compliant with industry specifications and support leading embedded Operating Systems.
YTD Price Performance: 17.82%
Average Trading Volume: 355,814
Technical Sentiment Signal: Sell
Current Market Cap: £141.5M
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