Transaction in Own Shares

RNS Number : 3919A
Redcentric PLC
02 February 2022
 

Redcentric plc

("Redcentric" or the "Company")

 

Extension of the Share Buyback Programme and Transaction in Own Shares

 

Redcentric plc (AIM: RCN), announces that its board of directors (the "Board") has approved an extension of the existing share buyback programme (the "Buyback Programme") of ordinary shares of 0.1p in the capital of the Company ("Ordinary Shares") by a further £3 million. As previously announced, the Buyback Programme forms part of the Redcentric group's broader strategy to deliver shareholder value.

 

The Buyback Programme will continue until such time that the Board decides to end the Buyback Programme, at which point a further announcement will be made by the Company.

Any Ordinary Shares acquired as a result of the Buyback Programme will continue to be held in treasury and be announced to the market without delay. 

Transaction in Own Shares

 

The Company has made the following purchase of Ordinary Shares pursuant to the Buyback Programme:

 

Date of purchase:

1 February 2022

Number of Ordinary Shares purchased:

1,068,367

Price paid per Ordinary Share:

123p



Following the repurchase of Ordinary Shares set out above, the Company's issued share capital consists of 156,991,982 Ordinary Shares, 2,121,857 of which are held in Treasury. For reporting under the FCA's Disclosure Guidance and Transparency Rules, shareholders should exclude any shares held in Treasury and should use the figure of 154,870,125 Ordinary Shares (the issued voting share capital) when determining if they are required to notify their interest, or a change of their interest in the Company.

 

The Company will make further announcements in due course following the completion of any further purchases pursuant to the Buyback Programme.

 

Details of the purchase of its own Ordinary Shares by the Company, which were all executed through the Company's broker, finnCap Ltd, are set out below:

 

Schedule of Purchases:

Shares purchased:

Redcentric plc (ISIN: GB00B7TW1V39)

Date of purchase:

1 February 2022

 

Aggregate Information:

Aggregated volume

1,068,367

Volume weighted average price

123p

Venue

XLON

 

Individual Transactions:

 


Date of purchase

Time of purchase

Number of Ordinary Shares purchased:

Price paid per Ordinary Share (p)

01/02/2022

16:14:54

1,068,367

123

 

 

*- ends - *

 

Enquiries:

 

Redcentric plc


Peter Brotherton, Chief Executive Officer 

+44 (0)800 983 2522 

David Senior, Chief Financial Officer 




finnCap Ltd - Nomad and Broker

+44 (0)20 7220 0500

Marc Milmo / Simon Hicks / Charlie Beeson (corporate finance)

Andrew Burdis / Sunila de Silva (ECM)



 

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

 

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Companies

Redcentric (RCN)
UK 100