Notice of subscription of warrants
Redcentric plc
Notice of subscription of warrants
Redcentric plc (AIM: RCN) ("Redcentric" or the "Company") announces that it has received notice of subscription ("Notice") from Barclays Bank plc ("Barclays") in relation to warrants issued to it under the terms of a warrant instrument entered into in 2013 (the "Instrument"). Under the terms of the Instrument, Barclays is entitled to subscribe for 350,000 ordinary shares in the capital of the Company (the "Warrant Shares") at a subscription price of 36 pence per share ("Subscription Price").
As permitted under the terms of the Instrument, Barclays has requested that the Company pay a cash equivalent instead of issuing the Warrant Shares, and the Company has therefore made a payment of £309,750 to Barclays, being the payment of the closing mid-price in respect of the shares in the Company on the day prior to receipt of the Notice (less the Subscription Price) for each Warrant Share.
Following the payment, there are no further warrants outstanding under the Instrument or otherwise in relation to shares in the capital the Company.
Enquiries:
Redcentric plc +44 (0)800 983 2522
Peter Brotherton, Chief Executive Officer
David Senior, Chief Financial Officer
finnCap Ltd - Nomad and Broker +44 (0)20 7220 0500
Marc Milmo / Simon Hicks / Charlie Beeson (Corporate Finance)
Andrew Burdis / Sunila de Silva (ECM)
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