Issue of Options

RNS Number : 2197Y
Redcentric PLC
04 December 2017
 

4 December 2017

 

Redcentric plc ("Redcentric" or the "Company")

 

Issue of Options

 

Redcentric plc (AIM: RCN) announces that on 4 December 2017 it granted a total of 437,100 options to executive directors and members of the senior management team to acquire new ordinary shares of 0.1 pence each in the Company under the Company's 2017 Long Term Incentive Plan ("LTIP Options"). The LTIP Options are nil-cost options and will vest after 3 years subject to continued employment and the meeting of certain performance conditions being compound annual growth in diluted earnings per share from the financial period ending 31 March 2017 to 31 March 2020.*

 

The following LTIP Options were granted to Directors:

 

Christopher Jagusz, Chief Executive Officer: 349,800 LTIP Options

  

As a result Christopher Jagusz currently holds 349,800 share options in the Company.  Mr Jagusz currently holds 7,953 ordinary shares in the Company.

 

* 40% of awards vest at 4% compound EPS growth and 100% vest at 10% compound EPS growth (vesting will be on a straight line basis between these levels).

 

The notifications below, made in accordance with the requirements of the Market Abuse Regulation, provides further detail.

 

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

Christopher Jagusz

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 to acquire 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(s)

Volume(s)

Nil cost

349,800

 

e)

Aggregated information

- Aggregated volume

- Price

- Aggregated total

N/A - single transaction

 

 

 

f)

Date of the transaction

4 December 2017

g)

Place of the transaction

Outside of a trading venue

 

Enquiries:

Redcentric plc

Chris Jagusz, Chief Executive Officer                                                                      +44 (0)845 034 111

Peter Brotherton, Chief Financial Officer

Tulchan

James Macey White, Matt Low                                                                                  +44 (0)20 7353 4200

Numis Securities Limited - Nomad and Joint Broker                                       +44 (0)20 7260 1000

Simon Willis / Oliver Hardy / Tom Ballard

finnCap Limited - Joint Broker                                                                                  +44 (0)20 7220 0500

Stuart Andrews / Rhys Williams

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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