Issue of Equity

RNS Number : 5622B

Redcentric PLC

07 January 2015

 

7 January 2015

Redcentric plc

("Redcentric" or the "Company")

Issue of Equity

Redcentric plc (AIM: RCN), announces that on 6 January 2015 it received a notice of exercise  from a warrant holder in relation to the exercise of 142,377 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 142,377 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 13 January 2015.

Following Admission, the Company will have a total of 144,728,908 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

 

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