Appointments to support forensic review

RNS Number : 1422P

Redcentric PLC

15 November 2016

 

15 November 2016

Redcentric plc

("Redcentric" or the "Company")

Appointments to support forensic review

Redcentric plc (AIM:RCN), a leading UK IT managed services provider, announces the following initial actions by the Board following the recent discovery of accounting misstatements.

To support the Board with its forensic review, both Deloitte LLP and Nabarro LLP have been appointed to carry out independent forensic investigations. 

Alongside these appointments, Redcentric has also appointed Julian Llewellyn as interim Chief Financial Officer.  Julian is a very experienced Chief Financial Officer with over 25 years' experience in senior roles at companies such as Exertis, Balfour Beatty and Greenergy.   

The search for a permanent Chief Financial Officer to join the Board is progressing well and the Company will make a subsequent announcement in due course.

Chris Cole, Chairman of Redcentric, commented:

"The past few days have obviously been challenging and difficult for everyone involved with Redcentric.  Our priority now is to complete this review and report the findings to all our stakeholders together with our interim results." 

Enquiries:

Redcentric plc            Fraser Fisher, Chief Executive Officer	[phone]
Tulchan Group James Macey White / Matt Low	[phone]
Numis Securities Limited - Nomad & Joint Broker Simon Willis / Oliver Hardy / Ben Stoop	[phone]
finnCap Ltd - Joint Broker Stuart Andrews / Rhys Williams	[phone]
MXC Capital Markets LLP - Financial Adviser Marc Young	[phone]

 

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