Save As You Earn Share Option Scheme

RNS Number : 0722K

Redcentric PLC

31 August 2021

 

Redcentric plc

Save As You Earn Share Option Scheme

Redcentric (AIM:RCN) (the "Company"), a leading UK IT managed services provider, 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 108.33p, representing a 20% discount to the average market price of Redcentric shares over the three days ended 2 August 2021, with a grant date of 27 August 2021 and an exercise date from 1 October 2024 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 52 employees elected to participate, giving rise to the grant of a total of 255,060 share options (equivalent to 0.2% of the Company's current issued share capital).

Enquiries:

Redcentric plc Peter Brotherton, Chief Executive Officer David Senior, Chief Financial Officer	[phone]
finnCap Ltd - Nomad and Sole Broker Marc Milmo / Simon Hicks / Charlie Beeson (Corporate Finance) Andrew Burdis / Sunila de Silva (ECM)	[phone]

 

END

 

 

MSCPRMITMTATBRB