Redcentric Regulatory News (RCN)

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED IN ARTICLE 7 OF THE MARKET ABUSE REGULATION NO. 596/2014/EU. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

Redcentric plc

Result of General Meeting, Total Voting Rights and Block Admission

Redcentric plc (AIM: RCN) ("Redcentric" or the "Company"), a leading UK IT managed services provider, is pleased to announce that at the General Meeting held earlier today, all Resolutions were duly passed.

Details of the votes cast for each Resolution are available on the Company's website at https://www.redcentricplc.com/investors/shareholder-documents/.

Total Voting Rights

Application has been made to the London Stock Exchange for:

The Placing and the Subscription remain conditional upon Admission and the Placing Agreement becoming unconditional. It is expected that Admission will become effective and that dealings will commence in respect of these new Ordinary Shares at 8.00 a.m. on 14 July 2020.

Following Admission, the Company's issued share capital will consist of 154,868,713 Ordinary Shares. The Company holds 822,427 Ordinary Shares in Treasury and therefore on Admission the total number of issued Ordinary Shares with voting rights will be 154,046,286. This figure may be used by shareholders as the denominator for the calculation by which they may determine if they are required to notify their interest or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.

Defined terms used in this announcement have the meanings ascribed to them in the circular to shareholders dated 26 June 2020 unless otherwise defined.

Block Admission

Following the passing of Resolutions at the General Meeting, the administrator of the Scheme has commenced processing claims from Potential Claimants who believe they are entitled to Restitution Payments pursuant to the Scheme. Details of how to apply pursuant to the Scheme are available on the Company's website: https://www.redcentricplc.com/investors/restitution-scheme/. The Scheme will close to Potential Claimants at 5.00 p.m. on 30 October 2020.

To facilitate fulfilment of the elections of those Potential Claimants who wish to receive all or part of their Restitution Payments in Ordinary Shares, the Company announces that application has been made to the London Stock Exchange for a block admission of 6,400,000 Ordinary Shares (the "Scheme Shares") to be admitted to trading on AIM ("Scheme Share Admission"). It is expected that Scheme Share Admission will occur on 14 July 2020. The Scheme Shares, if issued, shall rank pari passu with the Company's existing issued Ordinary Shares.

The Scheme Shares shall be issued and allotted from time to time pursuant to Potential Claimants' elections to receive all or part of their Basic Entitlement under the Scheme in Ordinary Shares.

Potential Claimants should note that in order to avoid the possibility of the Company having to issue a prospectus, the number of Ordinary Shares which may be allotted to satisfy valid elections under the Scheme is limited to 6,400,000 Ordinary Shares (the "Share Cap"). If the Share Cap is reached, any further Restitution Payments will be settled in cash only.

The Company will notify on a fortnightly basis where there have been changes to the issued share capital pursuant to elections by Potential Claimants to receive their Restitution Payments in the form of Scheme Shares.

The person responsible for arranging the release of this announcement on behalf of the Company is Harn Jagpal, the Company Secretary of the Company.

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