Issue of Equity

RNS Number : 7087Z

Redcentric PLC

21 September 2015

 

21 September 2015

Redcentric plc

("Redcentric" or the "Company")

Issue of Equity

Redcentric plc (AIM: RCN), announces that on 18 September 2015 it received notices of exercise  from warrant holders in relation to the exercise of 649,662 warrants over ordinary shares of 0.1p each in the Company ("Ordinary Shares"). The warrants were issued to certain placees at the time of the Company's acquisition of InTechnology Managed Services Limited and associated placing of £64 million in November 2013.

Accordingly, application has been made for the 649,662 new Ordinary Shares to be issued pursuant to the warrant exercise to be admitted to trading on AIM ("Admission"). Admission is expected to occur at 8.00 a.m. on 25 September 2015.

Following Admission, the Company will have a total of 145,384,558 Ordinary Shares in issue with one voting right per share.

The above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

Enquiries:

Redcentric plc                                                                                                                         Tel. [phone]

Tony Weaver, Chief Executive

Fraser Fisher, Chief Operating Officer

Tim Coleman, Chief Financial Officer

Numis Securities Limited - Nomad & Joint Broker Simon Willis / Rupert Krefting / Adrian Trimmings	Tel: [phone]
finnCap Ltd - Joint Broker Stuart Andrews / Rhys Williams	Tel: [phone]
MXC Capital Markets LLP - Financial Adviser Marc Young / Charlotte Stranner	Tel: [phone]
Newgate Tim Thompson / Bob Huxford / Alex Shilov / Helena Bogle	Tel: [phone]

 

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