Redcentric PLC Save As You Earn Share Option Scheme (5098X)
September 01 2020 - 2:00AM
UK Regulatory
TIDMRCN
RNS Number : 5098X
Redcentric PLC
01 September 2020
Redcentric plc
Save As You Earn Share Option Scheme
Redcentric (AIM:RCN) ("Redcentric" or the "Company"), a leading
UK IT managed services provider, is pleased to announce employee
participation under the Company's HMRC approved Save As You Earn
(SAYE) Option Plan 2014. The scheme was established in order to
offer Redcentric's employees the opportunity to participate in the
future growth of the Company.
Eligible employees were invited to subscribe for share options
over ordinary shares in the Company of 0.1p each at an exercise
price of 119.6p, representing a 20% discount to the average market
price of Redcentric shares over the three days ended 5 August 2020,
with a grant date of 28 August 2020 and an exercise date from 1
October 2023 onwards.
The scheme rules limit each employee to a maximum saving of
GBP500 per month over the three-year period of the scheme. A total
of 92 employees elected to participate, giving rise to the grant of
a total of 521,782 share options (equivalent to 0.3% of the
Company's current issued share capital).
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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