REDCENTRIC PLC — Director's Dealing 2018

Dec 5, 2018

National Storage Mechanism | Additional information

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RNS Number : 5791J

Redcentric PLC

05 December 2018

Redcentric plc ("Redcentric" or the "Company")

Issue of Options

Redcentric plc (AIM: RCN) announces that on 26 November 2018, as part of an annual award under the Company's 2017 Long Term Incentive Plan, it granted 298,879 options to acquire new ordinary shares of 0.1 pence each in the Company ("LTIP Options") to Peter Brotherton (Chief Financial Officer/Interim Chief Executive Officer). The LTIP Options are subject continued employment and the meeting of certain performance conditions.  

As a result, Peter Brotherton holds 681,836 share options in the Company. Mr Brotherton also holds 20,000 ordinary shares in the Company.

Following the announcement by the Company on 22 November 2018 that Chris Jagusz had given notice of his resignation as Chief Executive Officer, the Company confirms that the 349,800 share options previously granted to Chris Jagusz lapsed upon him leaving the business.

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 Financial Officer/Interim 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 (exercise)	Volume(s)
66.92p	298,879
e)	Aggregated information - Aggregated volume - Price - Aggregated total	N/A - single transaction
f)	Date of the transaction	26 November 2018
g)	Place of the transaction	Outside of a trading venue

Enquiries:

Redcentric plc

Peter Brotherton, Chief Financial Officer/Interim Chief Executive Officer           +44 (0)845 034 111

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

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