Redcentric PLC Grant of Options and Director/PDMR Shareholding (8690S)
November 19 2021 - 2:00AM
UK Regulatory
TIDMRCN
RNS Number : 8690S
Redcentric PLC
19 November 2021
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 on 18
November 2021, it granted a total of 1,786,307 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, nil-cost options and
subject to continued employment and the meeting of certain
performance conditions. 866,622 of the LTIP Options were granted to
executive directors of the Company as follows:
-- 554,326 LTIP Options were granted to Peter Brotherton, Chief
Executive Officer of the Company, following which Mr. Brotherton
holds a total of 1,475,387 options over Ordinary Shares and 228,571
Ordinary Shares; and
-- 312,296 LTIP Options were granted to David Senior, Chief
Financial Officer of the Company, following which Mr. Senior holds
a total of 561,851 options over Ordinary Shares and 14,550 Ordinary
Shares.
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 5,544,717 Ordinary Shares, representing 3.54% of
the Company's issued share capital.
Enquiries:
Redcentric plc
Peter Brotherton, Chief Executive Officer +44 (0)800 983
David Senior, Chief Financial Officer 2522
finnCap Ltd - Nomad and Sole Broker
Marc Milmo / Simon Hicks / Charlie Beeson
(Corporate Finance) +44 (0)20 7220
Andrew Burdis / Sunila de Silva (ECM) 0500
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 Initial Notification
/Amendment
-------------------------------- -------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------------
a) Name Redcentric plc
-------------------------------- -------------------------------------------------
b) Legal Entity 213800FGYMMNE9OKFD14
Identifier
-------------------------------- -------------------------------------------------
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 Options over new ordinary shares of 0.1p each
of the financial
instrument,
type of instrument GB00B7TW1V39
Identification
code
-------------------------------- -------------------------------------------------
b) Nature of Grant of options
the transaction
-------------------------------- -------------------------------------------------
c) Currency GBP
-------------------------------- -------------------------------------------------
d) Price(s) and Price (exercise) Volume(s)
volume(s)
-------------------------------- ------------------------------- ----------------
Nil cost 554,326
--------------------------------------------------------------------- ----------------
e) Aggregated N/A - single transaction
information
- Aggregated
volume
- Price
- Aggregated
total
-------------------------------- -------------------------------------------------
f) Date of the 18 November 2021
transaction
-------------------------------- -------------------------------------------------
g) Place of the Outside of a trading venue
transaction
-------------------------------- -------------------------------------------------
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 Initial Notification
/Amendment
---------------------- -----------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------------
a) Name Redcentric plc
---------------------- -----------------------------------------------------------
b) Legal Entity 213800FGYMMNE9OKFD14
Identifier
---------------------- -----------------------------------------------------------
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 Options over new ordinary shares of 0.1p each
of the financial
instrument, GB00B7TW1V39
type of instrument
Identification
code
---------------------- -----------------------------------------------------------
b) Nature of Grant of options
the transaction
---------------------- -----------------------------------------------------------
c) Currency GBP
---------------------- -----------------------------------------------------------
d) Price(s) and Price (exercise) Volume(s)
volume(s)
---------------------- ------------------ ---------------------------------------
Nil cost 312,296
---------------------------------------------- ---------------------------------------
e) Aggregated N/A - single transaction
information
- Aggregated
volume
- Price
- Aggregated
total
---------------------- -----------------------------------------------------------
f) Date of the 18 November 2021
transaction
---------------------- -----------------------------------------------------------
g) Place of the Outside of a trading venue
transaction
---------------------- -----------------------------------------------------------
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END
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