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Pin to quick picksRedcentric Regulatory News (RCN)

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Issue of options (revised)

30 Dec 2016 12:55

RNS Number : 1035T
Redcentric PLC
30 December 2016
 

The following announcement has been made to replace RNS Number 9999S released on 29 December 2016 which incorrectly stated the number of ordinary shares held by Mo Siddiqi, Chief Operating Officer. The correct version of the announcement is below:

 

Redcentric plc ("Redcentric" or the "Company")

 

Issue of Options

 

Redcentric plc (AIM: RCN), today announces that on 28 December 2016 it granted the following options to acquire new ordinary shares of 0.1 pence each in the Company under the Company's 2016 Long Term Incentive Plan ("Options"):

 

Peter Brotherton, Chief Financial Officer: 161,905 Options at nil-cost subject to performance conditions*.

 

Mo Siddiqi, Chief Operating Officer: 257,143 Options at nil-cost subject to performance conditions*, 250,000 Options at an exercise price of 84 pence subject to performance conditions** and 250,000 Options at an exercise price of 84 pence with no performance conditions***.

 

* Performance conditions based on compound annual growth in diluted earnings per share from the financial period ending 31 March 2016 to 31 March 2019.

** Performance conditions based on compound annual growth in diluted earnings per share from the financial period ended 31 March 2016 to 31 March 2018.

*** These Options are not subject to performance conditions and are capable of vesting from 1 October 2017.

 

Peter Brotherton currently holds no shares in the Company.

Mo Siddiqi currently holds 15,099 shares in the Company representing 0.01% of the Company's issued share capital.

 

The notifications below, made in accordance with the requirements of the Market Abuse Regulation, provides further detail.

 

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

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

N/A

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(s)

Volume(s)

Nil-cost

161,905

 

e)

Aggregated information

- Aggregated volume

- Price

- Aggregated total

N/A - single transaction

 

 

 

f)

Date of the transaction

28 December 2016

g)

Place of the transaction

Outside of a trading venue

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Mo Siddiqi

2

Reason for the notification

a)

Position/status

Chief Operating 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

N/A

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(s)

Volume(s)

Nil-cost

84p

84p

257,143

250,000

250,000

 

e)

Aggregated information

- Aggregated volume

- Price

- Aggregated total

N/A - single transaction

 

 

 

f)

Date of the transaction

28 December 2016

g)

Place of the transaction

Outside of a trading venue

 

Enquiries:

 

Redcentric plc

+44 (0)845 034 111

Fraser Fisher, Chief Executive Officer

 

Peter Brotherton, Chief Financial Officer

 

 

 

Tulchan

+44 (0)20 7353 4200

James Macey White / Matt Low

 

 

Numis Securities Limited - Nomad & Joint Broker

+44 (0)20 7260 1000

Simon Willis / Oliver Hardy / Ben Stoop

 

 

 

finnCap Ltd - Joint Broker

+44 (0)20 7220 0500

Stuart Andrews / Rhys Williams

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCTMBTTMBAJBJF
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