Redcentric Regulatory News (RCN)

Redcentric plc

Restitution Scheme Update

Redcentric plc (AIM: RCN) ("Redcentric" or the "Company"), a leading UK IT managed services provider, announces that since 24 November 2020, the date on which the Company last provided an update on settlements under the Scheme, it has made the following Restitution Payments pursuant to the Scheme announced by the Company on 26 June 2020.

The allotment of Ordinary Shares has been made through the issue of New Ordinary Shares.

As a result, the Company's issued share capital now consists of 155,804,479 Ordinary Shares, 37,569 of which are held in Treasury. For reporting under the FCA's Disclosure Guidance and Transparency Rules, shareholders should exclude any Ordinary Shares held in Treasury and should use the figure of 155,766,910 Ordinary Shares (the issued voting share capital) when determining if they are required to notify their interest, or a change of their interest in the Company.

Following the Restitution Payments set out above, the total number of Net Relevant Share Purchases the subject of Restitution Payments or settled pursuant to the Settlement Deed are 18,229,609 and the aggregate Restitution Payments made to date pursuant to the Scheme and the Settlement Deed are 1,231,736 Ordinary Shares allotted and £1,737,813.08 in cash payments.

Whilst the Restitution Scheme is now closed, the processing of claims is still ongoing, with the final claims expected to be settled by early December 2020.

Defined terms used in this announcement have the meanings ascribed to them in the circular to shareholders dated 26 June 2020 unless otherwise defined.

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