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

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Enquiries:

Redcentric plc Peter Brotherton, Chief Executive Officer  [phone]  David Senior, Chief Financial Officer  finnCap Ltd - Nomad and Broker [phone] 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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