REDCENTRIC PLC — Director's Dealing 2024

Aug 23, 2024

National Storage Mechanism | Additional information

RNS Number : 6412B

Redcentric PLC

23 August 2024

Redcentric plc

Director/PDMR Shareholdings

Redcentric plc (AIM: RCN) ("Redcentric" or the "Company"), a leading UK IT managed services provider, announces that on 23 August 2024 certain Directors of the Company and their persons closely associated ("PCA"), exercised options over, in aggregate, 109,802 ordinary shares of 0.1p in the Company ("Ordinary Shares") and subsequently sold this number of Ordinary Share as set out below:

Name	P osition	No of options exercised	Ordinary Shares Sold	Price	Resultant Holding	% of total voting rights
Peter Brotherton	Chief Executive Officer	70,234	70,234	£1.315	452,479	0.29%
David Senior	Chief Financial Officer	39,568	39,568	£1.315	113,090	0.07%

The Company is issuing 109,802 Ordinary Shares to satisfy the Exercise. Application has been made to the London Stock Exchange for these Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will be effective and dealings will commence in respect of the Ordinary Shares at 8.00 a.m. on or around 2 September 2024.

Following Admission, the Company's issued share capital will consist of 159,006,988 Ordinary Shares, 618,188 of which remain 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 158,388,800 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.

The notifications below, which have been made in accordance with the requirements of the Market Abuse Regulation, provide further detail.

Enquiries:

Redcentric plc Peter Brotherton, Chief Executive Officer David Senior, Chief Financial Officer	+44 (0)800 983 2522
Cavendish Capital Markets Limited - Nomad and Sole Broker Marc Milmo (Corporate Finance) Andrew Burdis / Sunila de Silva (ECM)	+44 (0)20 7220 0500

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 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)

LEI

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

ordinary shares of 0.1p

Identification code

GB00B7TW1V39

b)

Nature of the transaction

Exercise of options and sale of ordinary shares

c)

Price(s) and volume(s)

Exercise of options

Volume	Exercise price
70,234	0.1p

Sale of shares

Volume	Price
70,234	£1.315

d)

Aggregated information:

·      Aggregated volume

·    Price

Two transactions - see 4 (c) above

e)

Date of the transactions

23 August 2023

f)

Place of the transaction

1)   Exercise of options - N/A

2)   Sale of shares - London Stock Exchange, AIM Market (XLON)

1. 

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

David Senior

2. 

Reason for the Notification

a)

Position/status

Chief Financial 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)

LEI

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

ordinary shares of 0.1p

Identification code

GB00B7TW1V39

b)

Nature of the transaction

Exercise of options and sale of ordinary shares

c)

Price(s) and volume(s)

Exercse of options

Volume	Exercise price
39,568	0.1p

Sale of shares

Volume	Price
39,568	£1.315

d)

Aggregated information:

·      Aggregated volume

·    Price

Two transactions - see 4 (c) above

e)

Date of the transactions

23 August 2023

f)

Place of the transaction

1)   Exercise of options - N/A

2)   Sale of shares - London Stock Exchange, AIM Market (XLON)

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