Last checked at 4 Sep 2019 14:30
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4 September 2019
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Redcentric plc ("Redcentric" or the "Company")
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Issue of Options
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Redcentric plc (AIM: RCN) announces that on 3 September 2019, it granted 205,750 options to acquire new ordinary shares of 0.1 pence each in the Company under the Company's 2017 Long Term Incentive Plan ("LTIP Options"). The LTIP Options are three-year, nil-cost options and subject to continued employment and the meeting of certain performance conditions.
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30,000 of the LTIP Options were granted to senior managers and the remaining 175,750 LTIP Options were granted to Dean Barber, following his appointment as Chief Financial Officer and to the Board of Directors of the Company on 2 September 2019. As a result, Dean Barber holds 175,750 share options in the Company.
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The notifications below, made in accordance with the requirements of the Market Abuse Regulation, provides further detail.
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NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
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1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Dean Barber | |
2 | Reason for the notification | ||
a) | Position/status | Chief Financial 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) | Legal Entity Identifier | 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 Identification code | Options to acquire new ordinary shares of 0.1p each   GB00B7TW1V39  | |
b) | Nature of the transaction | Grant of options | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price (exercise) | Volume(s) |
Nil cost | 175,750 | ||
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e) | Aggregated information - Aggregated volume - Price - Aggregated total | N/A - single transaction    | |
f) | Date of the transaction | 3 September 2019 | |
g) | Place of the transaction | Outside of a trading venue | |
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Enquiries:
Redcentric plc
Peter Brotherton, Chief Executive Officer Via Tulchan
Dean Barber, Chief Financial Officer
Tulchan
James Macey White / Matt Low +44 (0)20 7353 4200
Numis Securities Limited - Nomad and Joint Broker
Simon Willis / Oliver Hardy +44 (0)20 7260 1000
finnCap Limited - Joint Broker
Stuart Andrews / Rhys Williams +44 (0)20 7220 0500
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