Restitution Scheme Update

RNS Number : 9046Y
Redcentric PLC
14 September 2020
 

Redcentric plc

 

Restitution Scheme Update

 

Redcentric plc (AIM: RCN) ("Redcentric" or the "Company"), a leading UK IT managed services provider, announces that since 1 September 2020, the date on which the Company last provided an update on settlements under the Scheme, it has made the following Restitution Payments pursuant to the Scheme announced by the Company on 26 June 2020.

 

Number of Net Relevant Share Purchases the subject of Restitution Payments:

15,418

Number of Ordinary Shares allotted:

1,449

Cash payments:

£1,017.60

  The allotment of Ordinary Shares has been made through the issue of New Ordinary Shares.

 

As a result, the Company's issued share capital now consists of 155,594,627 Ordinary Shares, 822,427 of which are 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 154,772,200 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.

 

Following the Restitution Payments set out above, the total number of Net Relevant Share Purchases the subject of Restitution Payments or settled pursuant to the Settlement Deed are 12,025,730 and the aggregate Restitution Payments made to date pursuant to the Scheme and the Settlement Deed are 1,021,884 Ordinary Shares allotted and £914,158.92 in cash payments.

 

Defined terms used in this announcement have the meanings ascribed to them in the circular to shareholders dated 26 June 2020 unless otherwise defined.

 

Enquiries:

Redcentric plc

Peter Brotherton, Chief Executive Officer

David Senior, Chief Financial Officer

 

+44 (0)800 983 2522

finnCap Ltd - Nomad and Sole Broker

Marc Milmo / Simon Hicks / Charlie Beeson (Corporate Finance)

Andrew Burdis / Sunila de Silva (ECM)

+44 (0)20 7220 0500

 



 

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