Issue of options to staff under Share-Save scheme

RNS Number : 9722I

Redcentric PLC

14 December 2015

 

14 December 2015

Redcentric plc

("Redcentric" or the "Company")

Issue of options to staff under Share-Save scheme

Redcentric plc (AIM: RCN), announces that on 14 December 2015 the Company granted options over a total of 163,905 ordinary shares of 0.1p each in the capital of the Company ("Shares") to 62 employees under the HMRC approved Redcentric plc Save-As-You-Earn Option Plan 2014 ("the Plan"). Under the Plan, employees contribute a monthly amount which is saved over three years to buy Shares. These options are available for exercise from 31 March 2019, with an exercise price of 154p, which is a 20% discount to the average closing price on the three days ending 20 November 2015, the last trading date before the launch of the Plan on 23 November 2015.

The Plan was initially launched on 24 November 2014. A total of 207 employees have joined the Plan since inception and a total of 1,227,091 options have been granted and remain outstanding under the Plan. In accordance with the terms of the Plan a small number of options have been exercised early in relation to former employees of the Company.

Date	Exercise price	Options granted	Options exercised	Options cancelled	Options remaining
17 December 2014	107p	1,134,886	4,251	67,449	1,063,186
14 December 2015	154p	163,905	-	-	163,905
Total		1,298,791	4,251	67,449	1,227,091

Fraser Fisher, Chief Executive Officer of Redcentric commented:

"Following the highly successful launch of our employee Share-Save scheme last year, I'm delighted that so many new staff have joined the plan this year, and that existing members have chosen to increase their contribution. Through this plan, well over half of eligible staff are contributing to and sharing in the success of the business, which is a sign of the whole team's confidence and commitment to Redcentric's future success."

Enquiries:

Redcentric plc	[phone]
Fraser Fisher, Chief Executive Officer
Tim Coleman, Chief Financial Officer
Numis Securities Limited - Nomad & Joint Broker	[phone]
Simon Willis / Rupert Krefting / Oliver Hardy
finnCap Ltd - Joint Broker	[phone]
Stuart Andrews / Rhys Williams
MXC Capital Markets LLP - Financial Adviser	[phone]
Marc Young / Charlotte Stranner
Tulchan	[phone]
James Macey White / Louise Hogberg / Matt Low

 

END

 

 

STRFFWFELFISEDE