Concurrent Technologies : Posting of Annual Report and Notice of Annual General Meeting

Notice of Annual General Meeting

Notice is hereby given that the Annual General Meeting ("AGM") of Concurrent Technologies Plc (the "Company") will be held at the Company's offices at 4 Gilberd Court, Newcomen Way, Colchester, Essex, CO4 9WN, on 15 June 2021 at 12.30 p.m. for the purpose of considering and, if thought fit, passing the following Resolutions which will be proposed as Ordinary Resolutions in the cases of Resolutions 1, 2, 3 and 4 and as Special Resolutions in the case of Resolutions 5 and 6.

IMPORTANT INFORMATION - IMPACT OF THE COVID-19 PANDEMIC ON THE AGM

The Company continues to monitor the Coronavirus (COVID-19) situation, including UK Government legislation and guidance. The health of our shareholders, employees and stakeholders is extremely important to us. Given this, the Board has taken the decision that shareholders, advisers and other guests will not be allowed to attend the Annual General Meeting in person and anyone seeking to attend the Annual General Meeting will be refused entry. The Company will arrange for the minimum quorum of two shareholders necessary to conduct the business of the Annual General Meeting to be present in person at the Annual General Meeting and social distancing guidelines will be observed. Shareholders are strongly encouraged therefore to appoint the Chairman of the Annual General Meeting as their proxy with directions as to how to cast their vote on the Resolutions proposed. If a shareholder appoints someone else as their proxy, that proxy will not be able to attend the Annual General Meeting in person or cast that shareholder's vote. Please refer to the detailed notes contained in the Notice of Annual General Meeting and the Form of Proxy. Should members wish to ask any questions which they may have otherwise asked at the Annual General Meeting had they been in attendance regarding the Resolutions, they are encouraged to contact the Company prior to the Annual General Meeting by email at [e-mail].

		ORDINARY BUSINESS
Resolution	1. To receive the audited Financial Statements of the Company for the year ended 31 December 2020
		and the Reports of the Directors and Auditors thereon.
Resolution	2. To re-appoint Grant Thornton UK LLP, as Auditors to the Company and to authorise the Directors to
		determine the amount of their remuneration.
Resolution	3. To re-elect as a Director of the Company David Evans-Hughes who retires under the Articles of
		Association of the Company and, being eligible, offers himself for re-election.
		SPECIAL BUSINESS ORDINARY RESOLUTION
Resolution	4.	THAT:
		in substitution for all existing and unexercised authorities the Directors be and are hereby generally
		and unconditionally authorised for the purposes of s551 of the Companies Act 2006 ("the Act") during
		the period commencing on the date of the passing of this Resolution and expiring on the date of the
		conclusion of the Annual General Meeting of the Company to be held in 2022 to exercise all or any
		powers of the Company to allot relevant securities of the Company (as defined in s560 of the Act)
		provided that the maximum amount of relevant securities which may be allotted pursuant to the
		authority set out in this Resolution shall be an amount equal to 5 per cent of the aggregate nominal
		value of the issued ordinary share capital of the Company at the date of the passing of this
		Resolution unless renewed or extended prior to such time except that the Directors of the Company
		may before the expiry of such period make an offer or agreement which would or might require
		relevant securities to be allotted after the expiry of such period and the Directors may allot relevant
		securities in pursuance of such offer or agreement as if the authority conferred hereby had not
		expired.
		SPECIAL RESOLUTIONS
Resolution	5.	THAT:
		in substitution for all existing and unexercised authorities subject to the passing of the immediately
		preceding Resolution, the Directors of the Company be and they are hereby empowered pursuant to
		s570 of the Act to allot equity securities (as defined in s560 of the Act) of the Company pursuant to
		the authority conferred upon them by the preceding Resolution as if s561(1) of the Act did not apply
		to such allotment provided that the power conferred by the Resolution, unless previously revoked or

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varied by Special Resolution of the Company in general meeting, shall be limited:

1. to the allotment of equity securities in connection with a rights issue in favour of ordinary shareholders where the equity securities respectively attributable to the interest of all such shareholders are proportionate (as nearly as may be) to the respective numbers of the ordinary shares held by them subject only to such exclusions or other arrangements as the Directors of the Company may consider appropriate to deal with fractional entitlements or legal and practical difficulties under the laws of, or the requirements of any recognised regulatory body in, any territory; and
2. to the allotment (otherwise than pursuant to sub-paragraph (a) above) of equity securities up to an aggregate nominal amount of 5 per cent of the aggregate nominal value of the issued ordinary share capital of the Company in respect of any other issues for cash consideration;

	and shall expire on the earlier of the date of the next Annual General Meeting of the Company to be
	held in 2022 or 15 months from the date of the passing of the Resolution save that the Company
	may before such expiry make an offer or agreement which would or might require equity securities to
	be allotted after such expiry and the Directors may allot equity securities in pursuance of such offer
	or agreement as if the power conferred by this Resolution had not expired.
Resolution	6. THAT:
	the Company be generally and unconditionally authorised to make one or more market purchases
	(within the meaning of s693(4) of the Act) of Ordinary Shares provided that:

1. the maximum aggregate number of Ordinary Shares authorised to be purchased is 7,390,001 (representing 10 per cent of the issued Ordinary Share capital);
2. the minimum price which may be paid for an Ordinary Share is one penny;
3. the maximum price which may be paid for an Ordinary Share is an amount equal to 105 per cent of the average of the middle market quotations for an Ordinary Share on The London Stock Exchange Alternative Investment Market for the five business days immediately preceding the day on which that Ordinary Share is purchased;
4. this authority shall expire at the conclusion of the Annual General Meeting of the Company to be held in 2022 or within 15 months from the date of the passing of this Resolution whichever is earlier; and
5. the Company may make a contract or contracts to purchase Ordinary Shares under this authority before the expiry of the authority which will or may be executed wholly or partly after the expiry of the authority, and may make a purchase of Ordinary Shares in pursuant of any such contract or contracts.

By order of the Board

Cargil Management Services Limited

Company Secretary

19 May 2021

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Notes: 1. Given the current Coronavirus (COVID-19) situation, and to ensure adherence to current Government requirements, attendance in person at the meeting will not be possible this year. Shareholders are requested to appoint the Chairman of the meeting as his or her proxy as any other person so appointed will not be permitted to attend the meeting. The below notes are to be read subject to this COVID-19 related proviso.

1. Pursuant to Regulation 41 of The Uncertificated Securities Regulations 2001 and paragraph 18(c) of The Companies Act 2006 (Consequential Amendments) (Uncertificated Securities) Order 2009, the Company specifies that only those members registered on the Company's register of members 48 hours before the time of the Meeting shall be entitled to attend and vote at the Meeting. In calculating the period of 48 hours mentioned above no account shall be taken of any part of a day that is not a working day.
2. Members who have general queries about the Meeting should telephone Share Registrars Ltd on 01252 821 390, (no other methods of communication will be accepted). You may not use any electronic address provided either in this notice of Annual General Meeting or any related documents (including the proxy form), to communicate with the Company for any purposes other than those expressly stated.
3. As a member of the Company you are entitled to appoint a proxy to exercise all or any of your rights to attend, speak and vote at a general meeting of the Company. You can only appoint a proxy using the procedures set out in these notes.
4. A proxy does not need to be a member of the Company but must attend the meeting to represent you. To appoint as your proxy a person other than the Chairman of the meeting, insert their full name in the space provided. If you sign and return the proxy form with no name inserted in the space, the Chairman of the meeting will be deemed to be your proxy. Where you appoint as your proxy someone other than the Chairman, you are responsible for ensuring that they attend the meeting and are aware of your voting intentions. If you wish your proxy to make any comments on your behalf, you will need to appoint someone other than the Chairman and give him or her the relevant instructions directly.
5. You may appoint more than one proxy provided each proxy is appointed to exercise rights attached to different shares. You may not appoint more than one proxy to exercise rights attached to any one share.
6. To direct your proxy how to vote on the resolutions mark the appropriate box with an 'X'. If no voting indication is given, your proxy will vote or abstain from voting at his or her discretion. Your proxy will vote (or abstain from voting) as he or she thinks fit in relation to any other matter which is put before the meeting.
7. To appoint a proxy using the proxy form, the form must be:
8. • completed and signed;
   • sent or delivered to Share Registrars Ltd at The Courtyard, 17 West Street, Farnham, Surrey, GU9 7DR or by facsimile transmission to 01252 719 232;
   • alternatively, the completed proxy form can be scanned and emailed to [e-mail];
   • and received by Share Registrars Ltd no later than 48 hours (excluding non-business days) prior to the Meeting.
9. In the case of a member which is a company, the proxy form must be executed under its common seal or signed on its behalf by an officer of the company or an attorney for the company.
10. Any power of attorney or any other authority under which the proxy form is signed (or a duly certified copy of such power or authority) must be included with the proxy form and received by the registrars no later than 48 hours (excluding non-business days) prior to the Meeting.
11. In the case of joint holders, where more than one of the joint holders purports to appoint a proxy, only the appointment submitted by the most senior holder will be accepted. Seniority is determined by the order in which the names of the joint holders appear in the Company's register of members in respect of the joint holding (the first-named being the most senior).
12. To change your proxy instructions simply submit a new proxy appointment using the methods set out above. Note that the cut-off time for receipt of proxy appointments (see above) also apply in relation to amended instructions; any amended proxy appointment received after the relevant cut-off time will be disregarded.
13. Where you have appointed a proxy using the hard-copy proxy form and would like to change the instructions using another hard-copy proxy form, please contact Share Registrars Ltd on 01252 821 390.
14. If you submit more than one valid proxy appointment, the appointment received last before the latest time for the receipt of proxies will take precedence.

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