Issue of Equity

RNS Number : 8715F

Redcentric PLC

16 November 2015

 

16 November 2015

Redcentric plc

("Redcentric" or the "Company")

Issue of Equity

Redcentric plc (AIM: RCN), announces that on 13 November 2015 it received notices of exercise  from warrant holders in relation to the exercise of 142,376 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. It also received notices of exercise from employees in relation to the exercise of options over 116,751 Ordinary Shares under the Company's Unapproved Share Option Plan and under the Company's Approved Save-As-You-Earn Option Plan 2014.

Accordingly, application has been made for the 259,127 new Ordinary Shares to be issued pursuant to the warrant and option exercises to be admitted to trading on AIM ("Admission"). Admission is expected to occur at 8.00 a.m. on 20 November 2015.

Following Admission, the Company will have a total of 145,643,685 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	[phone]
Fraser Fisher, Chief Executive Officer
Tim Coleman, Chief Financial Officer
Numis Securities Limited - Nomad & Joint Broker	[phone]
Simon Willis / Rupert Krefting / Oliver Hardy
finnCap Ltd - Joint Broker	[phone]
Stuart Andrews / Rhys Williams
MXC Capital Markets LLP - Financial Adviser	[phone]
Marc Young / Charlotte Stranner
Tulchan	[phone]
James Macey White / Louise Hogberg / Matt Low

 

END

 

 

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