Last checked at 9 Oct 2019 07:00
Redcentric plc
("Redcentric" or the "Company")
Trading update
Redcentric plc (AIM: RCN), a leading UK IT managed services provider, today announces a trading update for the six months ended 30 September 2019.
Trading for the half year has been in line with the Board's expectations and the Company remains focussed on its new and existing customers in both the public and private sectors. The Company's net debt1 at 30 September 2019 was £16.5m (31 March 2019: £17.6m; 30 September 2018 £22.6m), despite dividend payments of £1.5m and an acceleration of network and infrastructure capital expenditure in the period. The Company has also commenced a share buyback programme as announced on 17 September.
The Company intends to announce its results for the half year ended 30 September 2019 on Thursday 28 November 2019.
1 excluding the impact of IFRS 16
Enquiries:
Redcentric plc
Peter Brotherton, Chief Executive Officer Via Tulchan
Dean Barber, 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
finnCap Limited - Joint Broker +44 (0)20 7220 0500
Stuart Andrews / Rhys Williams
The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.