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Directors increase shareholding

AdEPT Telecom plc (“AdEPT” or the “Company”)

 Executive directors increase shareholdings

 Please click here to read the full RNS announcement

AdEPT (AIM: ADT), one of the UK’s leading independent providers of award-winning landline voice and data connectivity telecommunications services, VoIP and mobile networks, was notified on 14 November 2014 that Amanda Woodruffe (Chief Operating Officer), Joe Murphy (Sales Director) and John Swaite (Finance Director) had increased their shareholdings in the Company following the exercise of a total of 350,000 options over ordinary shares of 10p each (“Ordinary Shares”) at a price of 40p per Ordinary Share (“Exercise”) and had subsequently sold a total of 170,000 Ordinary Shares at a price of 125p per Ordinary Share to satisfy institutional demand and the associated tax and option exercise costs.

Ordinary Shares held prior to Exercise Options exercised Ordinary Shares sold Resultant Ordinary Shares held Percentage of enlarged issued Ordinary Shares
Amanda Woodruffe 103,209 200,000 110,000 193,209 0.86%
Joe Murphy 357 75,000 30,000 45,357 0.20%
John Swaite 11,256 75,000 30,000 56,256 0.25%

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 20 November 2014.

Following Admission, the total number of ordinary shares in issue will be 22,419,603. The Company does not hold any ordinary shares in treasury. Therefore, the total number of voting rights in the Company is 22,419,603. 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 and Transparency Rules.