Redcentric plc
Exercise of Options and PDMR Shareholding
Redcentric plc (AIM: RCN) ("Redcentric" or the "Company"), a leading UK IT managed services provider, announces that following an exercise ("Exercise") of 0.1p options over ordinary shares of 0.1p each in the Company ("Ordinary Shares") granted in 2019 pursuant to the Company's 2016 Long Term Incentive Plan, it has transferred 608,067 Ordinary Shares previously held in Treasury to satisfy the Exercise.
Included within this exercise of options are 479,267 Ordinary Shares transferred from Treasury to satisfy the exercise of options by each of Peter Brotherton, Chief Executive Officer, and David Senior, Chief Financial Officer, as follows:
· Peter Brotherton exercised 379,267 options. Following the Exercise, Mr Brotherton has sold 379,276 Ordinary Shares at a price of 103.5 pence per Ordinary Share on 14 September 2022. Following the Exercise and the sale of shares, there has been no change to Mr Brotherton's beneficial shareholding in the company and he holds 437,136 Ordinary Shares in the Company (representing approximately 0.28% of the Company's issued share capital). Mr Brotherton also holds 815,264 share options in the Company;
· David Senior exercised 100,000 options. Following the Exercise, Mr Senior has sold 50,000 Ordinary Shares at a price of 103.5 pence per Ordinary Share on 14 September 2022 in order to cover the tax and national insurance liability associated with the Exercise. Following the Exercise and the sale of shares, Mr Senior now holds 106,550 Ordinary Shares in the Company (representing approximately 0.07% of the Company's issued share capital) and 460,587 share options in the Company.
Following the exercise of options, the Company's issued share capital now consists of 156,991,982 Ordinary Shares, 1,084,942 of which remain held in Treasury. For reporting under the FCA's Disclosure Guidance and Transparency Rules, shareholders should exclude any Ordinary Shares held in Treasury and should use the figure of 155,907,040 Ordinary Shares (the issued voting share capital) when determining if they are required to notify their interest, or a change of their interest in the Company.
Enquiries:
|
Redcentric plc Peter Brotherton, Chief Executive Officer David Senior, Chief Financial Officer
|
+44 (0)800 983 2522 |
|
finnCap Ltd - Nomad and Sole Broker Marc Milmo / Simon Hicks / Charlie Beeson (Corporate Finance) Andrew Burdis / Sunila de Silva (ECM) |
+44 (0)20 7220 0500 |
The notifications below, made in accordance with the requirements of the Market Abuse Regulation, provide further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
|
1. |
Details of the person discharging managerial responsibilities / person closely associated |
||||||||||
|
a) |
Name |
Peter Brotherton
|
|||||||||
|
2. |
Reason for the Notification |
||||||||||
|
a) |
Position/status |
Chief Executive Officer |
|||||||||
|
b) |
Initial notification/Amendment |
Initial notification |
|||||||||
|
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||||||||||
|
a) |
Name |
Redcentric plc |
|||||||||
|
b) |
LEI |
213800FGYMMNE9OKFD14 |
|||||||||
|
4. |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
||||||||||
|
a) |
Description of the Financial instrument, type of instrument |
Ordinary Shares of 0.1p |
|||||||||
|
Identification code |
RCN GB00B7TW1V39 |
||||||||||
|
b) |
Nature of the transaction |
- Exercise of options granted under the Redcentric plc 2016 Long Term Incentive Plan - Sale of ordinary shares |
|||||||||
|
c) |
Price(s) and volume(s) |
|
|||||||||
|
d) |
Aggregated information: · Aggregated volume · Price |
See 4 (c) above |
|||||||||
|
e) |
Date of the transactions |
See 4 (c) above |
|||||||||
|
f) |
Place of the transaction |
London Stock Exchange, AIM Market (XLON) |
|||||||||
|
1. |
Details of the person discharging managerial responsibilities / person closely associated |
||||||||||
|
a) |
Name |
David Senior
|
|||||||||
|
2. |
Reason for the Notification |
||||||||||
|
a) |
Position/status |
Chief Financial Officer |
|||||||||
|
b) |
Initial notification/Amendment |
Initial notification |
|||||||||
|
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||||||||||
|
a) |
Name |
Redcentric plc |
|||||||||
|
b) |
LEI |
213800FGYMMNE9OKFD14 |
|||||||||
|
4. |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
||||||||||
|
a) |
Description of the Financial instrument, type of instrument |
Ordinary Shares of 0.1p |
|||||||||
|
Identification code |
RCN GB00B7TW1V39 |
||||||||||
|
b) |
Nature of the transaction |
- Exercise of options granted under the Redcentric plc 2016 Long Term Incentive Plan - Sale of ordinary shares |
|||||||||
|
c) |
Price(s) and volume(s) |
|
|||||||||
|
d) |
Aggregated information: · Aggregated volume · Price |
See 4 (c) above |
|||||||||
|
e) |
Date of the transactions |
See 4 (c) above |
|||||||||
|
f) |
Place of the transaction |
London Stock Exchange, AIM Market (XLON) |
|||||||||
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
