Issue of Equity

RNS Number : 3558A

Redcentric PLC

19 December 2014

 



19 December 2014

Redcentric plc

("Redcentric" or the "Company")

Issue of Equity

Redcentric plc (AIM: RCN), announces that on 18 December 2014 it received notices of exercise  from certain warrant holders in relation to the exercise of 384,417 warrants over ordinary shares of 0.1p each in the Company ("Ordinary Shares"). The warrants were issued to certain placees at the time of the Company's acquisition of InTechnology Managed Services Limited and associated placing of £64 million in November 2013.

Accordingly, application has been made for the 384,417 new Ordinary Shares to be issued pursuant to the warrant exercise to be admitted to trading on AIM ("Admission"). Admission is expected to occur at 8.00 a.m. on 29 December 2014.

Following Admission, the Company will have a total of 144,586,531 Ordinary Shares in issue with one voting right per share.

The above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

Enquiries:

Redcentric plc                                                                                                   Tel. [phone]

Tony Weaver, Chief Executive

Fraser Fisher, Chief Operating Officer

Tim Coleman, Chief Financial Officer

finnCap - NOMAD & Broker                                                                           Tel: [phone]

Charlotte Stranner / Simon Hicks

MXC Capital Advisory LLP - Financial Advisor                                              Tel. [phone]

Marc Young

Newgate Threadneedle - Financial PR                                                         Tel. [phone]

Hilary Buchanan / Jasper Randall

 

END

 

 

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