Last checked at 1 Jul 2019 15:58
Redcentric plc ("Redcentric" or the "Company")
Issue of Options
Redcentric plc (AIM: RCN) announces that on 28 June 2019 it granted a total of 1,241,767 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 subject to continued employment and the meeting of certain performance conditions.
The following LTIP Options were granted to Directors:
Peter Brotherton, Chief Executive Officer: 379,267.
As a result, Peter Brotherton holds 1,061,103 share options in the Company. Mr Brotherton also holds 20,000 ordinary shares in the Company.
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 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 | Volume(s) |
Nil cost | 379,267 | ||
| |||
e) | Aggregated information - Aggregated volume - Price - Aggregated total | N/A - single transaction
| |
f) | Date of the transaction | 28 June 2019 | |
g) | Place of the transaction | Outside of a trading venue | |
Enquiries:
Redcentric plc
Peter Brotherton, Chief Executive Officer +44 (0)845 034 111
Harn Jagpal, Company Secretary +44 (0)845034 111
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
finnCap Limited - Joint Broker +44 (0)20 7220 0500
Stuart Andrews / Rhys Williams