Redcentric PLC Restitution Scheme Update (6418X)
September 01 2020 - 3:30AM
UK Regulatory
TIDMRCN
RNS Number : 6418X
Redcentric PLC
01 September 2020
Redcentric plc
Restitution Scheme Update
Redcentric plc (AIM: RCN) ("Redcentric" or the "Company"), a
leading UK IT managed services provider, announces that since 24
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: 1,787,088
Number of Ordinary Shares allotted: 274,602
Cash payments: GBP669.92
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
155,593,178 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 154,770,751 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 12,010,312
and the aggregate Restitution Payments made to date pursuant to the
Scheme and the Settlement Deed are 1,020,435 Ordinary Shares
allotted and GBP913,141.32 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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