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AdEPT Telecom - Latest Press Releases

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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…

New £30m bank facility and acquisition

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AdEPT Telecom Plc (“AdEPT” or the “Company”) New £30m Banking Facility and Acquisition NEW BANK FACILITY New £30 million 5 year debt facility Facility structure with increased flexibility Increased capacity to support acquisition growth strategy   AdEPT Telecom, one of the UK’s leading independent providers of unified communications solutions, today announces that it has signed a £30 million 5 year revolving credit facility agreement. The new larger facility is to be provided by Barclays Bank Plc (“Barclays”) and The Royal Bank of Scotland Plc (“RBS) on an equal basis and will be used by the Company to fund the strategic acquisition of businesses to leverage benefits from increased scale and a wider product set. Following the successful execution of the Company’s acquisition strategy the Company had outgrown the previous £15 million revolving credit facility, provided by Barclays, relative to the profitability of the Company. The new syndicated debt facility provides…

Interim Results September 2016

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AdEPT Telecom plc (“AdEPT” or the “Company”) Interim results for the 6 months ended 30 September 2016 AdEPT, one of the UK’s leading independent communications integrator and managed service providers, announces its unaudited results for the 6 months ended 30 September 2016. Highlights Revenue and EBITDA Total revenue increased by 19% to £16.5 million (2015: £13.9 million) EBITDA increased by 20% to £3.5 million (2015: £2.9 million) EBITDA margin increased to 21.4% (2015: 21.1%) Managed service revenue accounted for 53% of total revenue (2015: 41%) Managed services revenue increased by 53% to £8.8 million (2015: £5.7 million) EPS and Dividends Adjusted EPS increased by 12% to 11.1p (2015: 9.9p) Interim dividend increased by 25% to 3.75p per share (2015: 3.00p) Cash Flow and Debt Operating cash flow before tax of £3.2 million (2015: £2.5 million) Reported EBITDA to pre-tax cash from operating activities 98.9% (2015: 89.8%) Net debt of £10.8…

Result of AGM 2016

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AdEPT Telecom plc (“AdEPT Telecom” or the “Company”) 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/Abigail Wayne 020 3861 6625 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…

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 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…

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 Other (please specify): 3. Full name of person(s) subject to the notification obligation: iii Octopus Investments Nominees Limited 4. Full name of shareholder(s)  (if different from 3.):iv n/a 5. Date of the transaction and date on which the threshold is crossed or reached: v 07/09/2016 6. Date on which issuer notified: 08/09/2016 7. Threshold(s)…

Director Share Purchase and Institutional Placing

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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 sold Resultant shareholding…

Director/PDMR shareholding

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AdEPT Telecom plc (“AdEPT” or the “Company”) Director/PDMR shareholding AdEPT (AIM: ADT), one of the UK's leading independent communications integrators and managed service providers, today announces that Richard Burbage, Unified Communications Director, has purchased 125,000 shares at 240p per share. Following the purchase, Richard Burbage is now interested in 125,000 ordinary shares (representing 0.56 per cent. of the issued ordinary share capital). 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. The information set out below is provided in accordance with the requirements of Article 19(3) of that Regulation.…

Directorate change

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AdEPT Telecom plc (“AdEPT” or the “Company”) Directorate change The Board of AdEPT, one of the UK’s leading independent providers of unified telecommunications solutions, announces that Amanda Woodruffe, Chief Operating Officer, has decided to retire and will step down as a Director. The Board has been able to plan for Amanda’s departure and her responsibilities will be taken over by the senior management teams in the Tunbridge Wells and Fleet offices of the Company. The Board also announces that Richard Burbage has joined the Board as Unified Communications Director. Richard was one of the founders of Centrix Limited (“Centrix”), the UK based specialist provider of complex unified communications, Avaya IP telephony, hosted IP solutions and managed services acquired by the Company last year. He has over 15 years’ experience running the Centrix business and is recognised as an industry expert in unified communications technologies. In addition to overseeing the Centrix…