Save As You Earn Option Scheme

RNS Number : 6838W

Redcentric PLC

23 December 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"). 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 99.87p, representing a 20% discount to the average market price of Redcentric shares over the three days ended 1 December 2021, with a grant date of 23 December 2021 and an exercise date from 1 February 2025 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 86 employees elected to participate, giving rise to the grant of a total of 626,562 share options (equivalent to 0.4% of the Company's current issued share capital).

Peter Brotherton, Chief Executive Officer, elected to participate in the Scheme and is included in the total figures above. Mr Brotherton has been granted 18,023 share options and now holds a total of 1,194,531 share options in the Company.

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]

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Peter Brotherton
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Redcentric plc
b)	Legal Entity Identifier	213800FGYMMNE9OKFD14
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Options over new ordinary shares of 0.1p each GB00B7TW1V39
b)	Nature of the transaction	Grant of options
c)	Currency	GBP
d)	Price(s) and volume(s)	Price (exercise)	Volume(s)
		99.87	18,023
e)	Aggregated information - Aggregated volume - Price - Aggregated total	N/A - single transaction
f)	Date of the transaction	23 December 2021
g)	Place of the transaction	Outside of a trading venue

 

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