Issue of Options

RNS Number : 1476Q

Redcentric PLC

27 August 2014

 

Redcentric plc

Issue of director's share options

Redcentric plc (AIM: RCN), today announces that it has granted options over 1,100,000 ordinary shares of 0.1p each to Tim Coleman, Chief Financial Officer. The options have an exercise price of 112p and are subject to performance conditions. The vesting schedule for the options is 25% after one year, 25% after two years with the remaining 50% after three years. The options expire after ten years. Tim Coleman currently holds no shares in Redcentric plc.

Enquiries:

Redcentric plc

Tony Weaver, Chief Executive

Tim Coleman, Chief Financial Officer

Tel. [phone]

N+1 Singer - Nomad & Joint Broker

Tel: [phone]

Jonny Franklin-Adams / Ben Wright

finnCap - Joint Broker

Tel: [phone]

Charlotte Stranner / Stuart Andrews

MXC Capital Advisory LLP - Corporate Finance Adviser

Marc Young

Tel. [phone]

Newgate Threadneedle - Financial PR

Josh Royston / Hilary Millar

Tel. [phone]

 

END

 

 

MSCPRMJTMBTTBJI