Restitution Scheme Update

RNS Number : 3598W
Redcentric PLC
17 August 2020
 

Redcentric plc

 

Restitution Scheme Update

 

Redcentric plc (AIM: RCN) ("Redcentric" or the "Company"), a leading UK IT managed services provider, announces that since 11 August 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:

2,740,307

Number of Ordinary Shares allotted:

422,006

Cash payments:

£0

 

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 155,302,749 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 154,480,322 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 10,120,445 and the aggregate Restitution Payments made to date pursuant to the Scheme and the Settlement Deed are 730,006 Ordinary Shares allotted and £912,471.40 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

 


 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
UPDEADPXFLAEEFA

Companies

Redcentric (RCN)
UK 100

Latest directors dealings