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AdEPT Telecom - Latest Press Releases

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Holdings in company

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TR-1: Standard form for notification of major holdings   NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: ADEPT TELECOM PLC 1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate) Non-UK issuer 2. Reason for the notification (please mark the appropriate box or boxes with an “X”) An acquisition or disposal of voting rights X An acquisition or disposal of financial instruments An event changing the breakdown of voting rights Other (please specify)iii: 3. Details of person subject to the notification obligationiv Name CANACCORD GENUITY GROUP INC City and country of registered office (if applicable) VANCOUVER, CANADA 4. Full name of shareholder(s) (if different from 3.)v Name DISCRETIONARY CLIENTS City and country…

Director increases shareholding

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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 on 6 October 2017 that Richard Burbage (Unified Communications Director) had increased his shareholding in the Company following the purchase of 8,000 ordinary shares of 10p each (“Ordinary Shares”) at a price of 303p per Ordinary Share. Following the purchase, Mr Burbage has a total beneficial interest in 218,000 Ordinary Shares, representing approximately 0.92 per cent. of the current issued share capital of the Company. For further information on AdEPT Telecom, please visit www.adept-telecom.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/Gerry Beaney Broking - John Howes  020 3861 6625…

Finance Director increases shareholding

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AdEPT Telecom plc (“AdEPT” or the “Company”) Finance 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 on 5 October 2017 that John Swaite (Finance Director) had today increased his shareholding in the Company following the purchase of 3,250 ordinary shares of 10p each (“Ordinary Shares”) at a price of 305p per Ordinary Share. Following the purchase, Mr Swaite has a total beneficial interest in 78,506 Ordinary Shares, representing approximately 0.03 per cent. of the current issued share capital of the Company. For further information on AdEPT Telecom, please visit www.adept-telecom.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/Gerry Beaney Broking - John Howes  020 3861…

Result of AGM 2017

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AdEPT Telecom plc (“AdEPT Telecom” or the “Company”) Result of AGM AdEPT Telecom is pleased to announce that, at the Annual General Meeting of the Company held today, all the resolutions proposed at the meeting were duly passed. For more information please 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/Gerry Beaney Broking - John Howes 020 3861 6625 About AdEPT Telecom plc: AdEPT Telecom plc is one of the UK’s leading independent providers of unified communications and IT solutions. The Company provides a complete communications portfolio of unified communications, IP telephony, equipment installation, managed services, IT 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…

AGM statement, dividend increase and notice of results

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AdEPT Telecom PLC (“AdEPT” or the "Company") AGM Statement, 13.3% increase to Interim Dividend and Notice of Results AdEPT Telecom plc, one of the UK’s leading independent providers of managed services for IT, unified communications, connectivity and voice solutions, is holding its 2017 annual general meeting at 10.00am today at 77 Mount Ephraim, Tunbridge Wells, Kent, TN4 8BS. At the meeting, the Chairman, Roger Wilson, will make the following statement:- “I am pleased to report that, in the 6 months to the 30 September 2017, the AdEPT Group continued to make considerable progress in transforming itself from our original Telecoms background into Unified Communications and then into IT, a journey we embarked on in 2015. AdEPT provides a full suite of managed services and is now in an excellent position to take advantage of the continuing convergence between IT and Telecoms. Although our interim results for the 6 months ended…

AdEPT awarded Government IT framework

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AdEPT is pleased to announce that two of its' subsidiaries: Atomwide and OurIT Department have been awarded a Technology Services 2 Framework agreement by the UK governments' procurement arm, Crown Commercial Services. The aim of the Technology Services 2 Framework is to make it easier for public sector bodies to buy a wide range of IT products and services through direct awards to suppliers such as AdEPT . Lot 1 - IT Strategy and Service Design IT STRATEGY - we'll help you to get to where you want to be Strategy We have huge experience in analysing your current IT estate and then recommending a way forward. Some of the things we offer ... Capability analysis - identification of current business capability (as is) and that which will be needed for the future state (to be). Technology gap assessments - the assessment and recommendation of the right technology to plug…

Holdings in company

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TR-1: Standard form for notification of major holdings  NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: ADEPT TELECOM PLC 1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate) Non-UK issuer 2. Reason for the notification (please mark the appropriate box or boxes with an “X”) An acquisition or disposal of voting rights X An acquisition or disposal of financial instruments An event changing the breakdown of voting rights Other (please specify)iii: 3. Details of person subject to the notification obligationiv Name CANACCORD GENUITY GROUP INC City and country of registered office (if applicable) VANCOUVER, CANADA 4. Full name of shareholder(s) (if different from 3.)v Name DISCRETIONARY CLIENTS City and country of…

Management buy balance of Barclays stake

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We are pleased to announce that the owners of our last 2 acquisitions, Tom Carroll from OurIT and Matt Tarry and Paul Simmons from Comms Group have bought the remaining 210,000 shares placed by Barclays. Ian Fishwick, Chief executive said, "This is a huge vote of confidence in AdEPT. Richard Burbage, former owner of Centrix, bought shares in AdEPT last year when he was appointed to the plc Board. With Tom Carroll, Matt Tarry and Paul Simmons now buying shares it means that the owners of the last 3 companies we have bought have all shown their excitement about the future of AdEPT by buying shares. In the last few days we have also seen our 3 largest shareholders, outside of the Fishwick family, put money into AdEPT. Greenwood Investments has increased its stake from 15.1% to 16.88%. Downing has increased its stake from 5.1% to 11.34% and BGF have…

AGM 4/10/17 Notice of Meeting

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AdEPT Telecom PLC (“AdEPT” or the "Company") Notice of AGM AdEPT Telecom plc, one of the UK’s leading independent providers of unified telecommunications and IT solutions, announces that notice of the 2017 annual general meeting of the Company, to be held at 77 Mount Ephraim, Tunbridge Wells, Kent, TN4 8BS on 4 October 2017 at 10.00am., has been sent to shareholders. The AGM Notice is also available on the Company's website: http://www.adept-telecom.co.uk/investors For more information please 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/Gerry Beaney Broking - John Howes 020 3861 6625 About AdEPT Telecom plc: AdEPT Telecom plc is one of the UK’s leading independent providers of unified communications and IT solutions. The Company provides a complete communications portfolio of unified communications, IP…

2nd biggest shareholder, Greenwood, increases to 16.88% after buying bulk of Barclays stake

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  TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi   1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii AdEPT Telecom plc 2 Reason for the notification (please tick the appropriate box or boxes): An acquisition or disposal of voting rights x An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments An event changing the breakdown of voting rights Other (please specify): 3. Full name of person(s) subject to the notification obligation: iii Christopher Kingsman 4. Full name of shareholder(s)  (if different from 3.):iv Greenwood Investments Ltd 5. Date of the transaction and date on which the threshold is crossed or reached: v 03/08/2017 6. Date on which issuer notified: 07/08/2017 7.…

Downing increases to 11.67% shareholding after buying part of Barclays stake

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  TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi   1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii Adept Telecom plc 2 Reason for the notification (please tick the appropriate box or boxes): An acquisition or disposal of voting rights x An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments An event changing the breakdown of voting rights Other (please specify): 3. Full name of person(s) subject to the notification obligation: iii Downing LLP 4. Full name of shareholder(s)  (if different from 3.):iv MI Downing UK Micro-Cap Growth Fund MI Downing Monthly Income Fund Downing Micro Cap Strategic Investment Trust plc Client funds managed by Downing LLP   5. Date of…

Barclays place their shareholding

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TR-1: Standard form for notification of major holdings  1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: ADEPT TELECOM PLC   1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate) Non-UK issuer 2. Reason for the notification (please mark the appropriate box or boxes with an “X”) An acquisition or disposal of voting rights X An acquisition or disposal of financial instruments An event changing the breakdown of voting rights Other (please specify)iii: 3. Details of person subject to the notification obligationiv Name Barclays Plc City and country of registered office (if applicable) London , United Kingdom 4. Full name of shareholder(s) (if different from 3.)v Name City and country of registered office (if applicable) 5. Date on which the threshold was crossed or reachedvi: 03/08/2017 6. Date on which issuer notified (DD/MM/YYYY):…

Downing increases to 9.34% shareholding after buying directors shares

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  TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi   1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii Adept Telecom plc 2 Reason for the notification (please tick the appropriate box or boxes): An acquisition or disposal of voting rights x An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments An event changing the breakdown of voting rights Other (please specify): 3. Full name of person(s) subject to the notification obligation: iii Downing LLP 4. Full name of shareholder(s)  (if different from 3.):iv MI Downing UK Micro-Cap Growth Fund MI Downing Monthly Income Fund Downing Micro Cap Strategic Investment Trust plc Client funds managed by Downing LLP   5. Date of…

Directors shareholdings

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AdEPT Telecom Plc  (“AdEPT” or the “Company”) Director shareholdings In order to satisfy demand from one of the Company’s existing institutional shareholders, three directors have sold a total of 897,500 shares at 327.5p per share. Ian Fishwick, Chief Executive Officer, has sold 500,000 shares, Roger Wilson, Chairman, has sold 350,000 shares and Dusko Lukic, Non-Executive Director, has sold 47,500 shares. Ian Fishwick is now interested in 695,977 ordinary shares (representing 2.9 per cent. of the issued ordinary share capital). Roger Wilson is now interested in 438,300 ordinary shares (representing 1.8 per cent. of the issued ordinary share capital.  Dusko Lukic has no shareholding following the transaction. This announcement contains inside information. For more information please 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/Gerry Beaney…

£7.3m BGF funding and Atomwide acquisition

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AdEPT Telecom Plc (“AdEPT” or the “Company”) £7.3m BGF funding and Atomwide acquisition NEW CONVERTIBLE LOAN INSTRUMENT  £7.3m investment from BGF via convertible loan instrument Conversion price £3.93 per ordinary shareProceeds of BGF investment, plus existing bank facility to be used to acquire Atomwide Limited  AdEPT Telecom, one of the UK’s leading independent providers of unified communications and IT managed services, today announces that it has signed a £7.3 million convertible loan instrument with Business Growth Fund plc (“BGF”). The proceeds from the convertible loan instrument, plus £4.7 million of the existing bank facility, will be used by the Company to fund the acquisition of Atomwide Limited (“Atomwide”). The loan instrument is convertible into ordinary 10p shares in the Company at a price of £3.93. Roger Wilson, Chairman of AdEPT, commented: “Following their initial equity investment in AdEPT during 2016 we are delighted to have obtained further support from the…

March 2017 final results

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AdEPT Telecom plc ("AdEPT", the "Company" or together with its subsidiaries the “Group”) Final results for the year ended 31 March 2017 To read the full RNS announcement please click here. AdEPT (AIM: ADT), a leading UK independent provider of award-winning unified communications and IT services, announces its results for the year ended 31 March 2017. Financial highlights 14th consecutive year of increased underlying EBITDA up 27.2% to £7.83m (2016: £6.15m) Revenue increased by 19.2% to £34.4m (2016: £28.9m) Gross margin % increased by 2.0% to 42.3% (2016: 40.3%) Underlying EBITDA margin % increased by 1.4% to 22.7% (2016: 21.3%) 20.3% increase to adjusted earnings per share to 23.09p (2016: 19.19p) 19.2% increase to dividends declared to 7.75p (Interim 3.75p, Final 4.00p) (2016: 6.50p) Year-end net debt* of £15.5m (2016: £6.0m) New 5 year £30m revolving credit facility in place with Barclays and RBS Operational highlights Managed services accounted for…

Notice of March 2017 results

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AdEPT Telecom PLC (“AdEPT” or the "Company") Notice of Results AdEPT Telecom plc, one of the UK’s leading independent providers of unified telecommunications and IT solutions, will be announcing its results for the year ended 31 March 2017 on Thursday 13 July 2017. For more information please 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/Gerry Beaney Broking - John Howes 020 3861 6625 About AdEPT Telecom plc: AdEPT Telecom plc is one of the UK’s leading independent providers of unified communications 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, IT and communications hardware and data connectivity products.  AdEPT’s tailored services are used by thousands of customers across the…

Holdings in company

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  For filings with the FCA include the annex   For filings with issuer exclude the annex   TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii ADEPT TELECOM PLC 2 Reason for the notification (please tick the appropriate box or boxes): An acquisition or disposal of voting rights X An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments An event changing the breakdown of voting rights Other: 3. Full name of person(s) subject to the notification obligation: iii HARGREAVE HALE LIMITED 4. Full name of shareholder(s)  (if different from 3.):iv DISCRETIONARY CLIENTS 5. Date of the transaction and date on which the threshold…

Holdings in company

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  For filings with the FCA include the annex   For filings with issuer exclude the annex     TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi   1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii ADEPT TELECOM PLC   2 Reason for the notification (please tick the appropriate box or boxes): An acquisition or disposal of voting rights X An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments An event changing the breakdown of voting rights Other (please specify): 3. Full name of person(s) subject to the notification obligation: iii Barclays Plc 4. Full name of shareholder(s)  (if different from 3.):iv Barclays Bank Plc 5. Date of the transaction and…

Trading update March 2017

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AdEPT Telecom PLC (“AdEPT” or the "Company") Trading Update AdEPT Telecom plc, one of the UK’s leading independent providers of unified telecommunications and IT solutions, today announces a trading update for the year ended 31 March 2017 (ahead of its final results which are expected to be announced in early July 2017). Net borrowings of £15.8m were £1.3m lower than consensus market expectations Underlying EBITDA increase of around 26% will be ahead of market expectation of a 18% rise year-on-year Board recommendation of an increased final dividend of 4.00p (2016: final 3.50p) Total dividends proposed for the year of 7.75p represents an increase of 19% over the prior period Trading performance The Company is pleased to announce that it anticipates that underlying EBITDA will be around 26% ahead of the previous year (ahead of the market consensus expectation of an 18% rise year-on-year). Turnover is expected to be approximately 16%…
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