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Redcentric PLC (RCN)

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Wednesday 05 December, 2018

Redcentric PLC

Director/PDMR Shareholding

RNS Number : 5791J
Redcentric PLC
05 December 2018
 

 

Redcentric plc ("Redcentric" or the "Company")

 

Issue of Options

 

Redcentric plc (AIM: RCN) announces that on 26 November 2018, as part of an annual award under the Company's 2017 Long Term Incentive Plan, it granted 298,879 options to acquire new ordinary shares of 0.1 pence each in the Company ("LTIP Options") to Peter Brotherton (Chief Financial Officer/Interim Chief Executive Officer). The LTIP Options are subject continued employment and the meeting of certain performance conditions.  

 

As a result, Peter Brotherton holds 681,836 share options in the Company. Mr Brotherton also holds 20,000 ordinary shares in the Company.

 

Following the announcement by the Company on 22 November 2018 that Chris Jagusz had given notice of his resignation as Chief Executive Officer, the Company confirms that the 349,800 share options previously granted to Chris Jagusz lapsed upon him leaving the business.

 

The notifications below, made in accordance with the requirements of the Market Abuse Regulation, provides further detail.

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Peter Brotherton

2

Reason for the notification

a)

Position/status

Chief Financial Officer/Interim Chief Executive Officer

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Redcentric plc

b)

Legal Entity Identifier

213800FGYMMNE9OKFD14

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Options to acquire new ordinary shares of 0.1p each

 

 GB00B7TW1V39

 

b)

Nature of the transaction

Grant of options

c)

Currency

GBP

d)

Price(s) and volume(s)

Price (exercise)

Volume(s)

66.92p

298,879

 

e)

Aggregated information

- Aggregated volume

- Price

- Aggregated total

N/A - single transaction

 

 

 

f)

Date of the transaction

26 November 2018

g)

Place of the transaction

Outside of a trading venue

 

Enquiries:

Redcentric plc

Peter Brotherton, Chief Financial Officer/Interim Chief Executive Officer           +44 (0)845 034 111

Tulchan

James Macey White / Matt Low                                                                                 +44 (0)20 7353 4200

Numis Securities Limited - Nomad and Joint Broker                                             +44 (0)20 7260 1000

Simon Willis / Oliver Hardy

finnCap Limited - Joint Broker                                                                                   +44 (0)20 7220 0500

Stuart Andrews / Rhys Williams

 


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