Save As You Earn Share Option Scheme

RNS Number : 3454R

Redcentric PLC

20 September 2017

 

20 September 2017

Redcentric plc

("Redcentric" or "the Company")

Save As You Earn share option scheme

Redcentric (AIM:RCN) is pleased to announce employee participation under the Company's HMRC approved Save As You Earn (SAYE) Option Plan 2014. The scheme was established in order to offer Redcentric's employees the opportunity to participate in the future growth of the Company.  

Eligible employees were invited to subscribe for share options over ordinary shares in the Company of 0.1p each at an exercise price of 63.0p, representing a 20% discount to the average market price of Redcentric shares over the three days ended 4 August 2017, with a grant date of 30 August 2017 and an exercise date from 30 August 2020 onwards.

The scheme rules limit each employee to a maximum saving of £500 per month over the three year period of the scheme.

A total of 91 employees (24.9% of those eligible) elected to participate giving rise to the grant of a total of 1,223,390 share options (equivalent to 0.8% of the Company's current issued share capital).

The following Executive Director elected to participate in the scheme and are included in the total figures above as follows:

Peter Brotherton (CFO) has been granted 28,571 share options and now holds a total of 190,476 share options in the Company.

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 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(s)	Volume(s)
		0.63p	28,571
e)	Aggregated information - Aggregated volume - Price - Aggregated total	N/A - single transaction
f)	Date of the transaction	30 August 2017
g)	Place of the transaction	Outside of a trading venue

Enquiries:

Redcentric Plc Fraser Fisher, Chief Executive Officer Peter Brotherton, Chief Financial Officer	[phone]
Tulchan James Macey White / Matt Low	[phone]
Numis Securities Limited - Nomad & Joint Broker           Simon Willis / Oliver Hardy / Ben Stoop	[phone]
finnCap Ltd - Joint Broker Stuart Andrews / Rhys Williams	[phone]

 

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