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4 Dec 2017 07:00
4 December 2017
Redcentric plc ("Redcentric" or the "Company")
Issue of Options
Redcentric plc (AIM: RCN) announces that on 4 December 2017 it granted a total of 437,100 options to executive directors and members of the senior management team 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 nil-cost options and will vest after 3 years subject to continued employment and the meeting of certain performance conditions being compound annual growth in diluted earnings per share from the financial period ending 31 March 2017 to 31 March 2020.*
The following LTIP Options were granted to Directors:
Christopher Jagusz, Chief Executive Officer: 349,800 LTIP Options
As a result Christopher Jagusz currently holds 349,800 share options in the Company. Mr Jagusz currently holds 7,953 ordinary shares in the Company.
* 40% of awards vest at 4% compound EPS growth and 100% vest at 10% compound EPS growth (vesting will be on a straight line basis between these levels).
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 | Christopher Jagusz | |
2 | Reason for the notification | ||
a) | Position/status | Chief Executive 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(s) | Volume(s) |
Nil cost | 349,800 | ||
| |||
e) | Aggregated information - Aggregated volume - Price - Aggregated total | N/A - single transaction
| |
f) | Date of the transaction | 4 December 2017 | |
g) | Place of the transaction | Outside of a trading venue | |
Enquiries:
Redcentric plc
Chris Jagusz, Chief Executive Officer +44 (0)845 034 111
Peter Brotherton, Chief Financial Officer
Tulchan
James Macey White, Matt Low +44 (0)20 7353 4200
Numis Securities Limited - Nomad and Joint Broker +44 (0)20 7260 1000
Simon Willis / Oliver Hardy / Tom Ballard
finnCap Limited - Joint Broker +44 (0)20 7220 0500
Stuart Andrews / Rhys Williams
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