Redcentric PLC Restitution Scheme Update (3598W)
August 17 2020 - 9:45AM
UK Regulatory
TIDMRCN
RNS Number : 3598W
Redcentric PLC
17 August 2020
Redcentric plc
Restitution Scheme Update
Redcentric plc (AIM: RCN) ("Redcentric" or the "Company"), a
leading UK IT managed services provider, announces that since 11
August 2020, the date on which the Company last provided an update
on settlements under the Scheme, it has made the following
Restitution Payments pursuant to the Scheme announced by the
Company on 26 June 2020.
Number of Net Relevant Share Purchases
the subject of Restitution Payments: 2,740,307
Number of Ordinary Shares allotted: 422,006
Cash payments: GBP0
The allotment of Ordinary Shares has been made through the issue
of New Ordinary Shares.
As a result, the Company's issued share capital now consists of
155,302,749 Ordinary Shares, 822,427 of which are 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 154,480,322 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.
Following the Restitution Payments set out above, the total
number of Net Relevant Share Purchases the subject of Restitution
Payments or settled pursuant to the Settlement Deed are 10,120,445
and the aggregate Restitution Payments made to date pursuant to the
Scheme and the Settlement Deed are 730,006 Ordinary Shares allotted
and GBP912,471.40 in cash payments.
Defined terms used in this announcement have the meanings
ascribed to them in the circular to shareholders dated 26 June 2020
unless otherwise defined.
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
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END
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