Appointment of Chief Financial Officer

23rd November 2016

Redcentric plc

("Redcentric" or the "Company")

Appointment of Chief Financial Officer

Redcentric plc (AIM:RCN), a leading UK IT managed services provider, is pleased to announce the appointment of Peter Brotherton ACA as Chief Financial Officer, Company Secretary and a Director of the Board, effective from Monday 28 November 2016.

Peter is a senior and experienced Chief Financial Officer with over 25 years' experience across a number of senior finance roles. Peter's two previous roles were as Chief Financial Officer of Gametech and Chief Financial Officer at PKR Group. 

Prior to those two roles, from 2011 to 2014, Peter was Chief Financial Officer and then Chief Executive of Meucci Solutions NV. Meucci Solutions was an international telecommunications and managed services business. During his time at Meucci Solutions, the business saw strong sales and EBITDA growth while also extensively reviewing its central financial control function. 

Peter also had senior finance roles at Varla (UK) Limited, Cell Structures Group plc and spent five years at Kingston Communications plc, becoming Director of Finance. Peter trained at KPMG Peat Marwick. 

Chris Cole, Chairman of Redcentric, commented:

"We are pleased to announce the appointment of a senior and experienced Chief Financial Officer in Peter who is a strong addition to the team and will help us take the business forward." 

Additional information:

The following information is disclosed in accordance with Schedule 2(g) of the AIM Rules for Companies:

Full name: Peter James Brotherton

Age: 49 years

Current directorships: Delibero Solutions Limited.

Previous directorships held in the past five years: Gametech plc, PKR Technologies Limited, PKR Limited, PKR Italia SRL, PKR France SA, Meucci Solutions NV.

Peter Brotherton was a non-executive director at the time Dunnington Electrical Services Limited went into creditors' voluntary liquidation in May 2011.

Enquiries:

Redcentric plc +44 (0)1423 850 000

Fraser Fisher, Chief Executive Officer

Tulchan Group +44 (0)20 7353 4200

James Macey White / Matt Low

Numis Securities Limited - Nomad & Joint Broker +44 (0)20 7260 1000

Simon Willis / Oliver Hardy / Ben Stoop

finnCap Ltd - Joint Broker +44 (0)20 7220 0500

Stuart Andrews / Rhys Williams