Redcentric PLC Notice of subscription of warrants (0242W)
17 Dezembro 2021 - 5:22AM
UK Regulatory
TIDMRCN
RNS Number : 0242W
Redcentric PLC
17 December 2021
Redcentric plc
Notice of subscription of warrants
Redcentric plc (AIM: RCN) ("Redcentric" or the "Company")
announces that it has received notice of subscription ("Notice")
from Barclays Bank plc ("Barclays") in relation to warrants issued
to it under the terms of a warrant instrument entered into in 2013
(the "Instrument"). Under the terms of the Instrument, Barclays is
entitled to subscribe for 350,000 ordinary shares in the capital of
the Company (the "Warrant Shares") at a subscription price of 36
pence per share ("Subscription Price").
As permitted under the terms of the Instrument, Barclays has
requested that the Company pay a cash equivalent instead of issuing
the Warrant Shares, and the Company has therefore made a payment of
GBP309,750 to Barclays, being the payment of the closing mid-price
in respect of the shares in the Company on the day prior to receipt
of the Notice (less the Subscription Price) for each Warrant
Share.
Following the payment, there are no further warrants outstanding
under the Instrument or otherwise in relation to shares in the
capital the Company.
Enquiries:
Redcentric plc +44 (0)800 983 2522
Peter Brotherton, Chief Executive Officer
David Senior, Chief Financial Officer
finnCap Ltd - Nomad and Broker +44 (0)20 7220 0500
Marc Milmo / Simon Hicks / Charlie Beeson (Corporate
Finance)
Andrew Burdis / Sunila de Silva (ECM)
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END
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(END) Dow Jones Newswires
December 17, 2021 03:22 ET (08:22 GMT)
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