Issue of Options

RNS Number : 9937H

Redcentric PLC

09 December 2020

 

Redcentric plc

Grant of Options

Redcentric plc (AIM: RCN) ("Redcentric" or the "Company"), a leading UK IT managed services provider, announces that on 8 December 2020, it granted a total of 874,709 options over new ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") under the Company's 2017 Long Term Incentive Plan ("LTIP Options"). The LTIP Options are three-year, nil-cost options and subject to continued employment and the meeting of certain performance conditions. 

372,470 of the LTIP Options were granted to executive directors of the Company as follows:

· 242,915 LTIP Options were granted to Peter Brotherton, CEO of the Company, following which Mr. Brotherton holds a total of 1,113,542 options over Ordinary Shares and 133,571 Ordinary Shares; and

· 129,555 LTIP Options were granted to David Senior, CFO of the Company, following which Mr. Senior holds a total of 278,655 options over Ordinary Shares and 28,571 Ordinary Shares. 

Following this grant, there are options outstanding over 4,174,758 Ordinary Shares, representing 2.68% of the Company's issued share capital.

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

Enquiries:

Redcentric plc Peter Brotherton, Chief Executive Officer David Senior, Chief Financial Officer	[phone]
finnCap Ltd - Nomad and Sole Broker Marc Milmo / Simon Hicks / Charlie Beeson (Corporate Finance) Andrew Burdis / Sunila de Silva (ECM)	[phone]

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	Peter Brotherton
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 over 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 (exercise)	Volume(s)
		Nil cost	242,915
e)	Aggregated information - Aggregated volume - Price - Aggregated total	N/A - single transaction
f)	Date of the transaction	8 December 2020
g)	Place of the transaction	Outside of a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	David Senior
2	Reason for the notification
a)	Position/status	Chief Financial 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 over 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 (exercise)	Volume(s)
		Nil cost	129,555
e)	Aggregated information - Aggregated volume - Price - Aggregated total	N/A - single transaction
f)	Date of the transaction	8 December 2020
g)	Place of the transaction	Outside of a trading venue

 

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