Director/PDMR Shareholding

Redcentric PLC

03 January 2024

 

Redcentric plc

Director/PDMR Shareholdings

Redcentric plc (AIM:RCN) ("Redcentric" or the "Company") a leading UK IT managed services provider, received notification from Kestrel Partners LLP ("Kestrel") that on 27 December, 28 December and 29 December 2023 it purchased, on behalf of its discretionary client accounts, an aggregate of 35,357 ordinary shares of 0.1 pence each ("Ordinary Shares") in the Company at an average price of £1.2577 per Ordinary Share.

Mr Oliver Scott is a partner of, and holds a beneficial interest in, Kestrel. Mr Scott is also a shareholder in Kestrel Opportunities and is therefore deemed to have a beneficial interest in Kestrel Opportunities' entire legal holding in Redcentric.

Following this transaction, Kestrel Opportunities holds (and consequently Mr Scott is deemed to have a beneficial interest in) 16,402,618 Ordinary Shares in the Company, and other clients of Kestrel, in which Mr Scott has no beneficial interest, hold 15,570,954 Ordinary Shares in the Company.

On a combined basis, Kestrel indirectly holds voting rights over 31,973,572 Ordinary Shares in the Company, which represents approximately 20.45 per cent of the total voting rights in the Company.

Kestrel's interest in the Shares in the Company is held through the following nominees:

Holding type	Nominee	No. of Ordinary Shares	% of total voting rights
Indirect	Bank of New York Nominees Ltd	16,402,618	10.49%
Indirect	JIM Nominees Limited	464,310	0.30%
Indirect	Bank of New York Nominees Ltd	12,238,465	7.83%
Indirect	Northern Trust Company AVFC	2,868,179	1.83%

For further information contact:

Redcentric plc Peter Brotherton, Chief Executive Officer David Senior, Chief Financial Officer	[phone]
Cavendish Capital Markets Limited (NOMAD and Sole Broker) Marc Milmo / Simon Hicks / Charlie Beeson (Corporate Finance) Andrew Burdis / Sunila de Silva (ECM)	[phone]

ANNEX

Template for 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	Kestrel Partners LLP
2	Reason for the notification
a)	Position/status	PCA - Oliver Scott (non-executive director Redcentric plc)
b)	Initial notification /Amendment	Initial
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 Identification code	0.1 pence Ordinary Shares ISIN: GB00B7TW1V39
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s) Transfer Purchase	27 December 2023 Price(s) Volume(s) £1.2546  16,000 28 December 2023 Price(s) Volume(s) £1.2595  10,915 29 December 2023 Price(s) Volume(s) £1.2623  8,442
d)	Aggregated information - Aggregated volume - Price	Purchase Total of 35,357 Ordinary Shares at a price of £1.2577
e)	Date of the transaction	27 December 2023, 28 December 2023 and 29 December 2023
f)	Place of the transaction	London AIM

 

END