Last checked at 30 Sep 2019 07:00
Redcentric plc
("Redcentric" or the "Company")
Director/PDMR Shareholding, Issue of Equity and Total Voting Rights
Redcentric plc (AIM: RCN), announces that on 26 September 2019 it received a notification of exercise from Peter Brotherton, Chief Executive Officer, in relation to nil-cost share options over 161,905 ordinary shares of 0.1p each in the Company ("Ordinary Shares"), pursuant to the Company's 2016 Long Term Incentive Plan (the "Option Exercise"). Following the Option Exercise, Mr Brotherton sold 76,905 Ordinary Shares at a price of 85 pence per Ordinary Share on 27 September 2019, in order to cover the tax and national insurance liability associated with the Option Exercise.
As a result, Mr Brotherton holds 105,000 Ordinary Shares in the Company. In addition, Mr Brotherton holds 899,198 share options in the Company.
Accordingly, application has been made for the 161,905 new Ordinary Shares to be issued pursuant to the option exercise to be admitted to trading on AIM ("Admission"). Admission is expected to occur at 8.00 a.m. on 4 October 2019.
Following Admission, the Company will have a total of 149,310,713 Ordinary Shares in issue with one voting right per share. There are 326,905 Ordinary Shares held in Treasury. For reporting under the FCA's Disclosure Guidance and Transparency Rules, shareholders should exclude any shares held in Treasury and should use the figure of 148,983,808 Ordinary Shares (the issued voting share capital) when determining if they are required to notify their interest, or a change of their interest in the Company.
Enquiries:
Redcentric plc
Peter Brotherton, Chief Executive Officer Via Tuchan
Dean Barber, Chief Financial Officer
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
The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.
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
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2. | Reason for the Notification | ||||||||||
a) | Position/status | 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) | LEI | 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 | Ordinary Shares of 0.1p | |||||||||
Identification code | RCN GB00B7TW1V39 | ||||||||||
b) | Nature of the transaction | - Exercise of options granted under the Redcentric plc 2017 Long Term Incentive Plan - Sale of ordinary shares | |||||||||
c) | Price(s) and volume(s) |
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d) | Aggregated information: ·; Aggregated volume ·; Price | See 4 (c) above | |||||||||
e) | Date of the transactions | See 4 (c) above | |||||||||
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | |||||||||