TIDMRCN
RNS Number : 5182T
Redcentric PLC
24 November 2021
Redcentric plc
Director/PDMR Shareholding, Exercise of Options, Issue of Equity
and Total Voting Rights
Redcentric plc (AIM: RCN) ("Redcentric" or the "Company"), a
leading UK IT managed services provider, announces that a bonus
issue of ordinary shares of 0.1 pence each in the Company
("Ordinary Shares") has been made to each of the executive
directors of the Company as set out below for over achievement
against bonus targets in respect of the financial year ending 31
March 2021 (the "Share Issue"):
- 117,111 Ordinary Shares have been issued to Peter Brotherton,
Chief Executive Officer of the Company; and
- 62,459 Ordinary Shares have been issued to David Senior, Chief
Financial Officer of the Company.
The Company further announces that on 23 November 2021 it
received notification of exercise from each of Peter Brotherton and
David Senior in relation to nil-cost share options ("Options") over
ordinary shares of 0.1p each in the Company ("Ordinary Shares"),
pursuant to the Company's 2017 Long Term Incentive Plan (the
"Exercise"), as follows:
- Peter Brotherton exercised 298,879 Options. Following the
Exercise and Share Issue, Mr Brotherton sold 205,990 Ordinary
Shares at a price of 124.0609 pence per Ordinary Share on 23
November 2021, in order to cover the tax and national insurance
liability associated with the Exercise and Share Issue. Following
the Exercise and the sale of shares, Mr Brotherton holds 438,571
Ordinary Shares in the Company (representing approximately 0.28% of
the Company's issued share capital) and 1,176,508 share options in
the Company;
- David Senior exercised 20,000 Options. Following the Exercise,
Mr Senior sold 40,459 Ordinary Shares at a price of 124.0609 pence
per Ordinary Share on 23 November 2021 in order to cover the tax
and national insurance liability associated with the Exercise and
Share Issue. Following the Exercise and the sale of shares, Mr
Senior holds 56,550 Ordinary Shares in the Company (representing
approximately 0.04% of the Company's issued share capital) and
541,851 shares options in the Company.
Accordingly, application has been made for 498,449 new Ordinary
Shares to be issued pursuant to the option exercise to be admitted
to trading on AIM ("Admission"). Admission is expected to occur at
8.00 a.m. on 7 December 2021.
Following Admission, the Company's issued share capital will
consist of 156,991,982 Ordinary Shares, 19,703 of which are held in
Treasury. For reporting under the FCA's Disclosure Guidance and
Transparency Rules, shareholders should exclude any shares held in
Treasury and should use the figure of 156,972,279 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 Exercise there are options outstanding over
4,733,596 Ordinary Shares, representing 3.00% of the Company's
issued share capital.
The notifications below, made in accordance with the
requirements of the Market Abuse Regulation, provide further
detail.
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/Amendment Initial notification
------------------------------- ------------------------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------------------------
a) Name Redcentric plc
------------------------------- ------------------------------------------------------------
b) LEI 213800FGYMMNE9OKFD14
------------------------------- ------------------------------------------------------------
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 of Ordinary Shares of 0.1p
the Financial
instrument, type
of instrument
Identification RCN GB00B7TW1V39
code
------------------------------- ------------------------------------------------------------
b) Nature of the
transaction * Exercise of options granted under the Redcentric plc
2017 Long Term Incentive Plan
* Sale of ordinary shares
------------------------------- ------------------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil cost 298,879 options
exercised
-------------------
Nil cost 117,111 bonus
issue of ordinary
shares
-------------------
124p 205,990 ordinary
shares sold
-------------------
------------------------------- ------------------------------------------------------------
d) Aggregated information: See 4 (c) above
* Aggregated volume
* Price
------------------------------- ------------------------------------------------------------
e) Date of the transactions 23 November 2021
------------------------------- ------------------------------------------------------------
f) Place of the London Stock Exchange, AIM Market (XLON)
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/Amendment Initial notification
------------------------------- ------------------------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------------------------
a) Name Redcentric plc
------------------------------- ------------------------------------------------------------
b) LEI 213800FGYMMNE9OKFD14
------------------------------- ------------------------------------------------------------
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 of Ordinary Shares of 0.1p
the Financial
instrument, type
of instrument
Identification RCN GB00B7TW1V39
code
------------------------------- ------------------------------------------------------------
b) Nature of the
transaction * Exercise of options granted under the Redcentric plc
2017 Long Term Incentive Plan
* Sale of ordinary shares
------------------------------- ------------------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil cost 20,000 options
exercised
-------------------
Nil cost 62,459 bonus
issue of ordinary
shares
-------------------
124p 40,459 ordinary
shares sold
-------------------
------------------------------- ------------------------------------------------------------
d) Aggregated information: See 4 (c) above
* Aggregated volume
* Price
------------------------------- ------------------------------------------------------------
e) Date of the transactions 23 November 2021
------------------------------- ------------------------------------------------------------
f) Place of the London Stock Exchange, AIM Market (XLON)
transaction
------------------------------- ------------------------------------------------------------
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END
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