Last checked at 15 Nov 2016 07:00
15 November 2016
Redcentric plc
("Redcentric" or the "Company")
Appointments to support forensic review
Redcentric plc (AIM:RCN), a leading UK IT managed services provider, announces the following initial actions by the Board following the recent discovery of accounting misstatements.
To support the Board with its forensic review, both Deloitte LLP and Nabarro LLP have been appointed to carry out independent forensic investigations.
Alongside these appointments, Redcentric has also appointed Julian Llewellyn as interim Chief Financial Officer. Julian is a very experienced Chief Financial Officer with over 25 years' experience in senior roles at companies such as Exertis, Balfour Beatty and Greenergy.
The search for a permanent Chief Financial Officer to join the Board is progressing well and the Company will make a subsequent announcement in due course.
Chris Cole, Chairman of Redcentric, commented:
"The past few days have obviously been challenging and difficult for everyone involved with Redcentric. Our priority now is to complete this review and report the findings to all our stakeholders together with our interim results."
Enquiries:
Redcentric plc Fraser Fisher, Chief Executive Officer
| +44 (0)1423 850 000 |
Tulchan Group James Macey White / Matt Low
| +44 (0)20 7353 4200 |
Numis Securities Limited - Nomad & Joint Broker Simon Willis / Oliver Hardy / Ben Stoop
| +44 (0)20 7260 1000 |
finnCap Ltd - Joint Broker Stuart Andrews / Rhys Williams
| +44 (0)20 7220 0500 |
MXC Capital Markets LLP - Financial Adviser Marc Young | +44 (0)20 7965 8149 |