Capital Reduction Result of General Meeting

Redcentric PLC

13 May 2026

 

13 May 2026

Redcentric plc

('Redcentric', the 'Company' or the 'Group')

Capital Reduction

Result of General Meeting

Redcentric plc (AIM: RCN), a leading UK IT managed services provider, is pleased to announce that at the General Meeting held earlier today in Harrogate, the special resolution put to shareholders regarding the proposed cancellation of the Company's share premium account (the 'Capital Reduction') and voted on by a poll, was duly passed. The results of the poll are reported below.

Resolution	Votes for2	% 3	Votes against	% 3	Votes Cast
					Total	% of Issued Share Capital4
Resolution 11	137,765,791	99.99%	8,946	0.01%	137,774,737	86.48%

The Capital Reduction will create additional capacity to deliver further returns to shareholders while maintaining a strong balance sheet to support the Group's ongoing growth strategy in the Managed Services sector.

On 1 May 2026, the Company announced that it had successfully completed the sale of its entire data centre business, Redcentric Data Centres Limited, to Stellanor Datacenters Group Limited for an estimated £122.85 million. As previously announced, this transaction marked a pivotal milestone for the Group, enabling a substantial return of capital to shareholders which the Board intends to achieve via an equity Tender Offer at a price of 160 pence per share.  The Tender Offer is expected to return in excess of £90 million to shareholders and will be subject to shareholder approval. A Circular containing full details of the Tender Offer, confirming the proposed price per share, amount payable and timetable, is expected to be published in June 2026, with settlement anticipated in July 2026.

The Capital Reduction is conditional upon the subsequent confirmation by the High Court of England and Wales of the cancellation. The expected date for the Court hearing to confirm the Capital Reduction and for its completion is the week commencing 29 June 2026. A further announcement will be made in due course following the conclusion of the Capital Reduction.

Notes:

¹ Resolution 1:  That the share premium account of the Company be cancelled in order to create additional distributable reserves.  A Special Resolution.

² Any proxy appointments which gave discretion to the Chairman have been included in the "for"

total.

³ A vote withheld is not a vote in law and is not counted in the calculation of the percentage of

the votes validly cast "for" or "against" a resolution. There were 7 votes withheld.

⁴ The total number of shares in issue in the capital of the Company as at 13 May 2026 was 159,320,466 ordinary shares of £0.001 each, 496 of which were held as treasury shares. Accordingly, the total number of voting rights in the Company as at 13 May 2026 was 159,319,970.

Publication on website:

The full text of the resolution proposed and passed at the General Meeting can be found in the

Company's shareholder circular and notice of general meeting which was published and posted to shareholders on 24 April 2026 and is available on the Company's website at www.redcentricplc.com/investors/.

- Ends -

Enquiries:

Redcentric plc    Michelle Senecal De Fonseca, CEO    Tony Ratcliffe, CFO	via Burson Buchanan www.redcentricplc.com
Cavendish Capital Markets Limited - Nomad and Broker    Marc Milmo / Callum Davidson (Corporate Finance)    Andrew Burdis / Sunila de Silva (ECM)	Tel: [phone]

For media enquiries:

Burson Buchanan - Financial Communications Henry Harrison-Topham / Jamie Hooper / Toto Berger

Tel: [phone] [e-mail]

Notes to Editors:

Redcentric has a strong track record in delivering IT managed services provision that empowers businesses to scale, innovate and grow in a rapidly evolving digital landscape. As technology continues to advance the Company's goal is to be the go-to-all-in-one infrastructure and managed IT service provider for customers of all sizes offering an unmatched range of products and solutions.

The Company's MSP division serves the private and public sectors with all their IT requirements.  The MSP division acts as an outsourced IT department, handling day to day maintenance and security of customers' IT infrastructures. This allows customers to improve security and efficiency and focus on growing their core businesses.

From infrastructure management and cloud services to cybersecurity and data analytics, Redcentric has a comprehensive suite of solutions designed to meet the diverse needs of modern businesses.

For additional information please visit www.redcentricplc.com

 

END