TIDMRCN

RNS Number : 6336Z

Redcentric PLC

15 September 2022

Redcentric plc

Exercise of Options and PDMR Shareholding

Redcentric plc (AIM: RCN) ("Redcentric" or the "Company"), a leading UK IT managed services provider, announces that following an exercise ("Exercise") of 0.1p options over ordinary shares of 0.1p each in the Company ("Ordinary Shares") granted in 2019 pursuant to the Company's 2016 Long Term Incentive Plan, it has transferred 608,067 Ordinary Shares previously held in Treasury to satisfy the Exercise.

Included within this exercise of options are 479,267 Ordinary Shares transferred from Treasury to satisfy the exercise of options by each of Peter Brotherton, Chief Executive Officer, and David Senior, Chief Financial Officer, as follows:

-- Peter Brotherton exercised 379,267 options. Following the Exercise, Mr Brotherton has sold 379,276 Ordinary Shares at a price of 103.5 pence per Ordinary Share on 14 September 2022. Following the Exercise and the sale of shares, there has been no change to Mr Brotherton's beneficial shareholding in the company and he holds 437,136 Ordinary Shares in the Company (representing approximately 0.28% of the Company's issued share capital). Mr Brotherton also holds 815,264 share options in the Company;

-- David Senior exercised 100,000 options. Following the Exercise, Mr Senior has sold 50,000 Ordinary Shares at a price of 103.5 pence per Ordinary Share on 14 September 2022 in order to cover the tax and national insurance liability associated with the Exercise. Following the Exercise and the sale of shares, Mr Senior now holds 106,550 Ordinary Shares in the Company (representing approximately 0.07% of the Company's issued share capital) and 460,587 share options in the Company.

Following the exercise of options, the Company's issued share capital now consists of 156,991,982 Ordinary Shares, 1,084,942 of which remain 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 155,907,040 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.

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 
 

The notifications below, made in accordance with the requirements of the Market Abuse Regulation, provide further detail.

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 
                                              2016 Long Term Incentive Plan 
 
 
                                         *    Sale of ordinary shares 
     -------------------------------  ------------------------------------------------------------ 
 c)   Price(s) and                      Price(s)   Volume(s)         Date of transaction(s) 
       volume(s)                         0.1p       379,267 options   14 September 
                                                     exercised         2022 
                                                   -----------------  ---------------------- 
                                         103.5p     379,267 ordinary  14 September 
                                                     shares sold       2022 
                                                   -----------------  ---------------------- 
     -------------------------------  ------------------------------------------------------------ 
 d)        Aggregated information:     See 4 (c) above 
             *    Aggregated volume 
 
 
             *    Price 
     -------------------------------  ------------------------------------------------------------ 
 e)   Date of the transactions         See 4 (c) above 
     -------------------------------  ------------------------------------------------------------ 
 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 
                                              2016 Long Term Incentive Plan 
 
 
                                         *    Sale of ordinary shares 
     -------------------------------  ------------------------------------------------------------ 
 c)   Price(s) and                      Price(s)   Volume(s)        Date of transaction(s) 
       volume(s)                         0.1p       100,000 options  14 September 
                                                     exercised        2022 
                                                   ----------------  ---------------------- 
                                         103.5p     50,000 ordinary  14 September 
                                                     shares sold      2022 
                                                   ----------------  ---------------------- 
     -------------------------------  ------------------------------------------------------------ 
 d)        Aggregated information:     See 4 (c) above 
             *    Aggregated volume 
 
 
             *    Price 
     -------------------------------  ------------------------------------------------------------ 
 e)   Date of the transactions         See 4 (c) above 
     -------------------------------  ------------------------------------------------------------ 
 f)   Place of the                     London Stock Exchange, AIM Market (XLON) 
       transaction 
     -------------------------------  ------------------------------------------------------------ 
 

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END

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September 15, 2022 07:25 ET (11:25 GMT)

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