Director/PDMR Shareholding and Issue of Equity

RNS Number : 0498O

Redcentric PLC

30 September 2019

 

Redcentric plc

("Redcentric" or the "Company")

Director/PDMR Shareholding, Issue of Equity and Total Voting Rights

Redcentric plc (AIM: RCN), announces that on 26 September 2019 it received a notification of exercise from Peter Brotherton, Chief Executive Officer, in relation to nil-cost share options over 161,905 ordinary shares of 0.1p each in the Company ("Ordinary Shares"), pursuant to the Company's 2016 Long Term Incentive Plan (the "Option Exercise"). Following the Option Exercise, Mr Brotherton sold 76,905 Ordinary Shares at a price of 85 pence per Ordinary Share on 27 September 2019, in order to cover the tax and national insurance liability associated with the Option Exercise.

As a result, Mr Brotherton holds 105,000 Ordinary Shares in the Company. In addition, Mr Brotherton holds 899,198 share options in the Company.

Accordingly, application has been made for the 161,905 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 4 October 2019.

Following Admission, the Company will have a total of 149,310,713 Ordinary Shares in issue with one voting right per share. There are 326,905 Ordinary Shares 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 148,983,808 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                                                                            Via Tuchan

Dean Barber, Chief Financial Officer

Tulchan

James Macey White, Matt Low                                                                                  [phone]

Numis Securities Limited - Nomad and Joint Broker                                       [phone]

Simon Willis / Oliver Hardy /

finnCap Limited - Joint Broker                                                                                  [phone]

Stuart Andrews / Rhys Williams

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

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 the Financial instrument, type of instrument	Ordinary Shares of 0.1p
	Identification code	RCN GB00B7TW1V39
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 volume(s)	Price(s) Volume(s) Date of transaction(s) Nil cost 161,905 options exercised 26 September 2019 85p 76,905 ordinary shares sold 27 September 2019
d)	Aggregated information: ·      Aggregated volume ·      Price	See 4 (c) above
e)	Date of the transactions	See 4 (c) above
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

 

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