Result of General Meeting
Summary by AI BETAClose X
7 July 2026
Redcentric plc
('Redcentric', the 'Company' or the 'Group')
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 resolutions put to shareholders regarding the proposed Tender Offer of up to £90 million together with a Share Capital Restructure and voted on by a poll, were duly passed. The results of the poll are reported below.
|
Special Resolution |
Votes for5 |
% 6 |
Votes against |
% 6 |
Votes Cast |
|
|
Total |
% of Issued Share Capital7 |
|||||
|
Special Resolution 11
|
138,634,106 |
99.99% |
1,033 |
0.01% |
138,635,139 |
87.02% |
|
Special Resolution 22
|
138,627,518 |
99.99% |
7,621 |
0.01% |
138,635,139 |
87.02% |
|
Special Resolution 33
|
138,627,517 |
99.99% |
7,622 |
0.01% |
138,635,139 |
87.02% |
|
Special Resolution 44
|
138,634,091 |
99.99% |
1,048 |
0.01% |
138,635,139 |
87.02% |
Unless otherwise defined, capitalised terms in this announcement shall have the same meaning as those set out in the circular posted to Shareholders on 19 June 2026.
Notes:
1 Special Resolution 1: Share Buyback Authority: Authorises the Company to purchase up to 56,250,000 of its ordinary shares of £0.001 each on the market at a fixed price of £1.60 per share, with this authority expiring on 7 January 2027.
2 Special Resolution 2: Authority to Allot Shares: Grants directors the power to issue new shares or rights for shares up to a nominal value of £0.02, an authority which also expires on 7 January 2027.
3 Special Resolution 3: Share Capital Restructuring: Approves the consolidation of every 20 ordinary shares of £0.001 each into one share of £0.02, which is then immediately sub-divided back into 20 new ordinary shares of £0.001 each. It also provides the authority to sell any fractional shares resulting from this process.
4 Special Resolution 4: Additional Share Buyback Authority: Authorises a further market purchase of up to 5,000,000 new ordinary shares of £0.001 each (or 5% of issued capital), with the price based on market rates, until the Company's next Annual General Meeting or 30 September 2026, whichever is earlier.
5 Any proxy appointments which gave discretion to the Chairman have been included in the "for"
total.
6 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.
7 The total number of shares in issue in the capital of the Company as at 7 July 2026 was 159,321,733 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 7 July 2026 was 159,321,237.
Publication on website:
The full text of the special resolutions 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 19 June 2026 and is available on the Company's website at www.redcentricplc.com/investors/.
- Ends -
Enquiries:
|
Redcentric plc Michelle Senecal De Fonseca, CEO Tim Sykes, CFO |
via Burson Buchanan |
|
Cavendish Capital Markets Limited - Nomad and Broker Marc Milmo / Callum Davidson (Corporate Finance) Andrew Burdis / Sunila de Silva (ECM) |
Tel: +44 (0) 20 7220 0500 |
For media enquiries:
|
Burson Buchanan - Financial Communications Henry Harrison-Topham / Jamie Hooper / Toto Berger |
Tel: +44 (0) 20 7466 5000 |
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
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