Exercise of Options

RNS Number : 9733E

Redcentric PLC

17 March 2022

 

Redcentric plc

Exercise of Options

Redcentric plc (AIM: RCN) ("Redcentric" or the "Company"), a leading UK IT managed services provider, announces that following an exercise ("Exercise") of options over ordinary shares of 0.1p each in the Company ("Ordinary Shares") pursuant to the Company's 2016 Long Term Incentive Plan, it has transferred 10,000 Ordinary Shares previously held in Treasury to satisfy the Exercise.

In addition, it has recently come to light that the 237,500 Ordinary Shares referred to in the Company's announcement of 12 January 2016 were not admitted to trading on AIM. As a result, application has been made for the 237,500 Ordinary Shares to be admitted to trading on AIM ("Admission"). Admission is expected to occur at 8.00 a.m. on 21 March 2022.

Following the Exercise and Admission, the Company's issued share capital now consists of 156,991,982 Ordinary Shares, 2,170,203 of which remain held in Treasury. For reporting under the FCA's Disclosure Guidance and Transparency Rules, shareholders should exclude any Ordinary Shares held in Treasury and should use the figure of 154,821,779 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.

Enquiries:

Redcentric plc    [phone] 

Peter Brotherton, Chief Executive Officer 

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)   

 

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