Last checked at 30 Aug 2019 16:19
30 August 2019
Redcentric plc
("Redcentric" or the "Company")
Save As You Earn Share Option Scheme
Redcentric (AIM:RCN) is pleased to announce employee participation under the Company's HMRC approved Save As You Earn (SAYE) Option Plan 2014. The scheme was established in order to offer Redcentric's employees the opportunity to participate in the future growth of the Company.
Eligible employees were invited to subscribe for share options over ordinary shares in the Company of 0.1p each at an exercise price of 63.1p, representing a 20% discount to the average market price of Redcentric shares over the three days ended 26 July 2019, with a grant date of 21 August 2019 and an exercise date from 21 August 2022 onwards.
The scheme rules limit each employee to a maximum saving of £500 per month over the three-year period of the scheme. A total of 55 employees elected to participate, giving rise to the grant of a total of 488,342 share options (equivalent to 0.3% of the Company's current issued share capital).
Enquiries:
Redcentric plc +44 (0)845 034 111
Peter Brotherton, Chief Executive Officer
Harn Jagpal, General Counsel and Company Secretary
Tulchan +44(0)20 7353 4200
James Macey White, Matt Low
Numis Securities Limited - Noman 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