Director Dealing, New Equity, Total Voting Rights

RNS Number : 4653J

Redcentric PLC

09 September 2016

 

9 September 2016

Redcentric plc

("Redcentric", "the Company" or "the Group")

Director's Dealings, Issue of Equity and Total Voting Rights

Redcentric plc (AIM: RCN), announces that it has received notification from Fraser Fisher, Chief Executive Officer, that he exercised 285,000 options over ordinary shares of 0.1p each in the Company ("Shares") on 9 September 2016, at an exercise price of 70 pence per Share, pursuant to the Company's EMI Plan 2013. Following this exercise, Mr Fisher sold 285,000 Shares at an average price of 182 pence per Share on 9 September 2016.

Accordingly, application has been made for 285,000 Shares issued pursuant to the option exercise to be admitted to trading on AIM. The new Shares will rank pari passu with the Company's existing Shares and it is expected that admission will become effective and dealings in the new Shares will commence at 8.00 a.m. on 15 September 2016.

Both before and after the exercise and sale, Mr Fisher held 90,557 Shares, representing a beneficial interest in the Company of 0.06% of the current issued share capital. In addition, Mr Fisher holds options over 874,933 Shares; 276,143 of which have vested, 581,968 of which are subject to performance conditions, and 16,822 of which are part of the Redcentric SAYE Option Plan 2014.

Following the issue of the 285,000 Shares, the Company will have a total of 147,166,185 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.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1)	Details of the person discharging managerial responsibility
a)	Name	Fraser Fisher
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)	LEI	n/a
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	Ordinary shares of 0.1p each in Redcentric plc Identification code for Redcentric plc ordinary shares: GB00B7TW1V39
b)	Nature of the transaction	Exercise of options granted under the Redcentric plc EMI Plan 2013 and subsequent sale of those ordinary shares issued in connection with that exercise
c)	Price(s) and volume(s)	Price(s) Volume(s) 70p 285,000 options exercised 182p 285,000 ordinary shares sold
d)	Aggregated information - Aggregated volume - Price	As above
e)	Date of the transaction	9 September 2016
f)	Place of the transaction	London Stock Exchange, AIM

Enquiries:

Redcentric plc	[phone]
Fraser Fisher, Chief Executive Officer
Tim Coleman, Chief Financial Officer
Numis Securities Limited - Nomad & Joint Broker	[phone]
Simon Willis / Oliver Hardy / Ben Stoop
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 / Matt Low

 

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