Redcentric plc
Grant of Options and PDMR Shareholding
Redcentric plc (AIM: RCN) ("Redcentric" or the "Company"), a leading UK IT managed services provider, announces that it has granted a total of 2,001,726 options over new ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") under the Company's 2016 Long Term Incentive Plan ("LTIP Options"). The LTIP Options are three-year, nominal cost (0.1p) options and subject to continued employment and the meeting of certain performance conditions. 954,584 of the LTIP Options were granted to executive directors of the Company as follows:
· 621,250 LTIP Options were granted to Peter Brotherton, Chief Executive Officer of the Company, following which Mr. Brotherton holds a total of 1,436,514 options over Ordinary Shares and 437,136 Ordinary Shares (representing approximately 0.28% of the Company's issued voting share capital); and
· 333,334 LTIP Options were granted to David Senior, Chief Financial Officer of the Company, following which Mr. Senior holds a total of 793,921 options over Ordinary Shares and 106,550 Ordinary Shares (representing approximately 0.07% of the Company's issued voting share capital).
The notifications below, made in accordance with the requirements of the Market Abuse Regulation, provide further detail.
Following the grant of the LTIP Options, there are options outstanding over 6,220,262 Ordinary Shares, representing 3.98% of the Company's issued voting share capital.
Enquiries:
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Redcentric plc Peter Brotherton, Chief Executive Officer David Senior, Chief Financial Officer
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+44 (0)800 983 2522 |
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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 |
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
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1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name |
Peter Brotherton |
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2 |
Reason for the notification |
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a) |
Position/status |
Chief Executive Officer |
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b) |
Initial notification /Amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Redcentric plc |
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b) |
Legal Entity Identifier |
213800FGYMMNE9OKFD14 |
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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 |
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a) |
Description of the financial instrument, type of instrument Identification code |
Options over new ordinary shares of 0.1p each
GB00B7TW1V39
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b) |
Nature of the transaction |
Grant of options |
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c) |
Currency |
GBP |
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d) |
Price(s) and volume(s) |
Price (exercise) |
Volume(s) |
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0.1p |
621,250 |
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e) |
Aggregated information - Aggregated volume - Price - Aggregated total |
N/A - single transaction
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f) |
Date of the transaction |
12 October 2022 |
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g) |
Place of the transaction |
Outside of a trading venue |
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1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name |
David Senior |
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2 |
Reason for the notification |
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a) |
Position/status |
Chief Financial Officer |
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b) |
Initial notification /Amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Redcentric plc |
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b) |
Legal Entity Identifier |
213800FGYMMNE9OKFD14 |
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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 |
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a) |
Description of the financial instrument, type of instrument Identification code |
Options over new ordinary shares of 0.1p each
GB00B7TW1V39
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b) |
Nature of the transaction |
Grant of options |
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c) |
Currency |
GBP |
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d) |
Price(s) and volume(s) |
Price (exercise) |
Volume(s) |
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0.1p |
333,334 |
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e) |
Aggregated information - Aggregated volume - Price - Aggregated total |
N/A - single transaction
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f) |
Date of the transaction |
12 October 2022 |
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g) |
Place of the transaction |
Outside of a trading venue |
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