Last checked at 7 Jan 2015 15:00
7 January 2015
Redcentric plc
("Redcentric" or the "Company")
Issue of Equity
Redcentric plc (AIM: RCN), announces that on 6 January 2015 it received a notice of exercise from a warrant holder in relation to the exercise of 142,377 warrants over ordinary shares of 0.1p each in the Company ("Ordinary Shares"). The warrants were issued to certain placees at the time of the Company's acquisition of InTechnology Managed Services Limited and associated placing of £64 million in November 2013.
Accordingly, application has been made for the 142,377 new Ordinary Shares to be issued pursuant to the warrant exercise to be admitted to trading on AIM ("Admission"). Admission is expected to occur at 8.00 a.m. on 13 January 2015.
Following Admission, the Company will have a total of 144,728,908 Ordinary Shares in issue with one voting right per share.
The above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
Enquiries:
Redcentric plc Tel. +44 (0)845 034 1111
Tony Weaver, Chief Executive
Fraser Fisher, Chief Operating Officer
Tim Coleman, Chief Financial Officer
finnCap - NOMAD & Broker Tel: +44 (0)20 7220 0500
Charlotte Stranner / Simon Hicks
MXC Capital Advisory LLP - Financial Advisor Tel. +44 (0)20 7965 8149
Marc Young
Newgate Threadneedle - Financial PR Tel. +44 (0)20 7653 9850
Hilary Buchanan / Jasper Randall