Last checked at 8 Jan 2024 16:00
Redcentric plc
Director/PDMR Shareholdings
Redcentric plc (AIM:RCN) ("Redcentric" or the "Company"), a leading UK IT managed services provider, received notification from Kestrel Partners LLP ("Kestrel") that on 04 January 2024 and 05 January 2024 it purchased, on behalf of its discretionary client accounts, an aggregate of 10,705 ordinary shares of 0.1 pence each ("Ordinary Shares") in the Company at an average price of £1.2746 per Ordinary Share.
Mr Oliver Scott is a partner of, and holds a beneficial interest in, Kestrel. Mr Scott is also a shareholder in Kestrel Opportunities and is therefore deemed to have a beneficial interest in Kestrel Opportunities' entire legal holding in Redcentric.
Following this transaction, Kestrel Opportunities holds (and consequently Mr Scott is deemed to have a beneficial interest in) 16,402,618 Ordinary Shares in the Company, and other clients of Kestrel, in which Mr Scott has no beneficial interest, hold 15,585,201 Ordinary Shares in the Company.
On a combined basis, Kestrel indirectly holds voting rights over 31,987,819 Ordinary Shares in the Company, which represents approximately 20.46 per cent of the total voting rights in the Company.
Kestrel's interest in the Shares in the Company is held through the following nominees:
Holding type | Nominee | No. of Ordinary Shares | % of total voting rights |
Indirect | Bank of New York Nominees Ltd | 16,402,618 | 10.49% |
Indirect | JIM Nominees Limited | 464,310 | 0.30% |
Indirect | Bank of New York Nominees Ltd | 12,238,465 | 7.83% |
Indirect | Northern Trust Company AVFC | 2,882,426 | 1.84% |
For further information contact:
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Redcentric plc Peter Brotherton, Chief Executive Officer David Senior, Chief Financial Officer | +44 (0) 800 983 2522 |
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Cavendish Capital Markets Limited (NOMAD and Sole Broker) Marc Milmo / Simon Hicks / Charlie Beeson (Corporate Finance) Andrew Burdis / Sunila de Silva (ECM) |
+44 (0) 20 7220 0500
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ANNEX
Template for 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
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a)
| Name
| Kestrel Partners LLP
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2
| Reason for the notification
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a)
| Position/status
| PCA - Oliver Scott (non-executive director Redcentric plc) | ||||||||||||
b)
| Initial notification /Amendment | Initial | ||||||||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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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
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a)
| Description of the financial instrument, type of instrument Identification code | 0.1 pence Ordinary Shares
ISIN: GB00B7TW1V39 | ||||||||||||
b)
| Nature of the transaction | Purchase of Ordinary Shares | ||||||||||||
c)
| Price(s) and volume(s)
Transfer
Purchase
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d)
| Aggregated information - Aggregated volume - Price |
Purchase Total of 10,705 Ordinary Shares at a price of £1.2746 | ||||||||||||
e)
| Date of the transaction
| 04 January 2024, 05 January 2024 | ||||||||||||
f) | Place of the transaction | London AIM | ||||||||||||