Issue of Options

RNS Number : 2413L

Redcentric PLC

04 September 2019

 

4 September 2019

Redcentric plc ("Redcentric" or the "Company")

Issue of Options

Redcentric plc (AIM: RCN) announces that on 3 September 2019, it granted 205,750 options to acquire new ordinary shares of 0.1 pence each in the Company under the Company's 2017 Long Term Incentive Plan ("LTIP Options"). The LTIP Options are three-year, nil-cost options and subject to continued employment and the meeting of certain performance conditions. 

30,000 of the LTIP Options were granted to senior managers and the remaining 175,750 LTIP Options were granted to Dean Barber, following his appointment as Chief Financial Officer and to the Board of Directors of the Company on 2 September 2019. As a result, Dean Barber holds 175,750 share options in the Company.

The notifications below, made in accordance with the requirements of the Market Abuse Regulation, provides further detail.

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	Dean Barber
2	Reason for the notification
a)	Position/status	Chief Financial 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)	Legal Entity Identifier	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	Options to acquire new ordinary shares of 0.1p each  GB00B7TW1V39
b)	Nature of the transaction	Grant of options
c)	Currency	GBP
d)	Price(s) and volume(s)	Price (exercise)	Volume(s)
		Nil cost	175,750
e)	Aggregated information - Aggregated volume - Price - Aggregated total	N/A - single transaction
f)	Date of the transaction	3 September 2019
g)	Place of the transaction	Outside of a trading venue

Enquiries:

Redcentric plc

Peter Brotherton, Chief Executive Officer                                                                                Via Tulchan

Dean Barber, Chief Financial Officer                                                      

Tulchan

James Macey White / Matt Low                                                                                                [phone]

Numis Securities Limited - Nomad and Joint Broker                                      

Simon Willis / Oliver Hardy                                                                                                        [phone]

finnCap Limited - Joint Broker                                                                                 

Stuart Andrews / Rhys Williams                                                                                                [phone]

 

END

 

 

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