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AdEPT Telecom - Latest Press Releases

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Holdings in company

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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.…

Holdings in company

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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):…

Holdings in company

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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…

Holdings in company

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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%…

Total voting rights March 2017

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AdEPT Telecom plc ("AdEPT" or the "Company") Total voting rights The Company advises that, as at the date of this announcement, the Company's issued share capital is 23,701,832 Shares. The Company does not hold any Shares in treasury. Therefore, the total number of voting rights in the Company is 23,701,832. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules. 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  0203 861 6625 Nominated Adviser - Edward Hutton/Gerry Beaney Broking - John Howes About AdEPT Telecom plc: AdEPT Telecom plc…

Holdings in Company

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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 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 X Other (please specify): 3. Full name of person(s) subject to the notification obligation: iii Business Growth Fund PLC (a/c BGF Investments LP) 4. Full name of shareholder(s)  (if different from 3.):iv Pershing Securities Limited (via Pershing Nominees Limited) 5. Date of the transaction and date on which the threshold is crossed or reached: v…

Issue of equity

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AdEPT Telecom plc (“AdEPT” or the “Company”) Exercise of warrant The Company announces that, pursuant to the Warrant Instrument dated 21 January 2009, Barclays Bank plc has exercised its right to subscribe for 1,204,717 ordinary shares of 10p each (“New Ordinary Shares”) in the Company at a price of 10.69p each. Application will be made to the London Stock Exchange for the New Ordinary Shares, which rank pari passu with the Company's existing issued ordinary shares, to be admitted to trading on AIM (“Admission”). Admission is expected to take place on 22 March 2017. The Company advises that, following the issue of the New Ordinary Shares, the Company's issued share capital is 23,701,832 Shares. The Company does not hold any Shares in treasury. Therefore, the total number of voting rights in the Company is 23,701,832. This figure may be used by shareholders as the denominator for the calculations by which…

Transaction in own shares

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AdEPT Telecom plc (“AdEPT” or the “Company”) Transaction in own shares The Company announces that on 8 March 2017 it purchased 3,909 Shares on the London Stock Exchange for cancellation at a price of 340p per Share (the "Purchase") pursuant to the general authority given to it at the Company’s 2016 Annual General Meeting held on 28 September 2016 (“the 2016 BuyBack Authority”). Further details regarding the 2016 BuyBack Authority are set out at the end of this announcement. Total voting rights Following the Purchase and cancellation, the Company's issued share capital is 22,497,115 Shares. The Company does not hold any Shares in treasury. Therefore, the total number of voting rights in the Company is 22,497,115. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in,…

Transaction in own shares

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AdEPT Telecom plc (“AdEPT” or the “Company”) Transaction in own shares The Company announces that on 7 March 2017 it purchased 3,656 Shares on the London Stock Exchange for cancellation at a price of 315p per Share (the "Purchase") pursuant to the general authority given to it at the Company’s 2016 Annual General Meeting held on 28 September 2016 (“the 2016 BuyBack Authority”). Further details regarding the 2016 BuyBack Authority are set out at the end of this announcement. Total voting rights Following the Purchase and cancellation, the Company's issued share capital is 22,501,024 Shares. The Company does not hold any Shares in treasury. Therefore, the total number of voting rights in the Company is 22,501,024. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in,…

Transaction in own shares

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AdEPT Telecom plc (“AdEPT” or the “Company”) Transaction in own shares The Company announces that on 6 March 2017 it purchased 3,383 Shares on the London Stock Exchange for cancellation at a price of 310p per Share (the "Purchase") pursuant to the general authority given to it at the Company’s 2016 Annual General Meeting held on 28 September 2016 (“the 2016 BuyBack Authority”). Further details regarding the 2016 BuyBack Authority are below. Total voting rights Following the Purchase and cancellation, the Company's issued share capital is 22,504,680 Shares. The Company does not hold any Shares in treasury. Therefore, the total number of voting rights in the Company is 22,504,680. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under…

Transaction in own shares

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AdEPT Telecom plc (“AdEPT” or the “Company”) Transaction in own shares The Company announces that, pursuant to the general authority given to it at the Company’s 2016 Annual General Meeting, it purchased 3,927 Shares for cancellation on 3 March 2017 (the "Purchase") at a price of 310p per Share. The Company advises that, following the Purchase and cancellation, the Company's issued share capital is 22,508,063 Shares. The Company does not hold any Shares in treasury. Therefore, the total number of voting rights in the Company is 22,508,063. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules. For more information please contact:  AdEPT Telecom Plc Roger Wilson, Chairman Ian Fishwick,…

Transaction in own shares

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AdEPT Telecom plc (“AdEPT” or the “Company”) Transaction in own shares The Company announces that, pursuant to the general authority given to it at the Company’s 2016 Annual General Meeting, it purchased 4,261 Shares for cancellation on 2 March 2017 (the "Purchase") at a price of 315p per Share. The Company advises that, following the Purchase and cancellation, the Company's issued share capital is 22,511,990 Shares. The Company does not hold any Shares in treasury. Therefore, the total number of voting rights in the Company is 22,511,990. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules. For more information please contact:  AdEPT Telecom Plc Roger Wilson, Chairman Ian Fishwick,…

Issue of equity and total voting rights

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AdEPT Telecom Plc (“AdEPT Telecom” or the “Company”) Issue of equity and total voting rights AdEPT Telecom, one of the UK’s leading independent providers of unified communications solutions, announces that it has issued 32,143 Ordinary Shares of 10p each at at an exercise price of 140p per share pursuant to the exercise of options under the EMI Share Option Scheme August 2013 (“the New Ordinary Shares”). Application has been made for the New Ordinary Shares, which rank pari passu with the Company's existing ordinary shares, to be admitted to trading on AIM (“Admission”). It is anticipated that Admission will be effective on 24 February 2017. Following the issue of the New Ordinary Shares, the Company's share capital consists of 22,516,251 ordinary shares with voting rights. The Company does not hold any ordinary shares in treasury. Therefore, the total number of voting rights in the Company is 22,516,251. This figure may…
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