REDCENTRIC PLC — Director's Dealing 2024

Oct 25, 2024

National Storage Mechanism | Additional information

RNS Number : 5526J

Redcentric PLC

25 October 2024

Redcentric plc

Director/PDMR Shareholdings

Redcentric plc (AIM:RCN) ("Redcentric" or the "Company") a leading UK IT managed services provider, received notification from Kestrel Partners LLP ("Kestrel") that on 16th, 17th and 18th of October 2024 it purchased, on behalf of its discretionary client accounts, an aggregate of 63,345 ordinary shares of 0.1 pence each ("Ordinary Shares") in the Company at an average price of £1.2073 per Ordinary Share.

Mr Oliver Scott is a partner of, and holds a beneficial interest in, Kestrel. Mr Scott is also a shareholder in Kestrel Opportunities and is therefore deemed to have a beneficial interest in Kestrel Opportunities' entire legal holding in Redcentric.

Following this transaction, Kestrel Opportunities holds (and consequently Mr Scott is deemed to have a beneficial interest in) 16,715,306 Ordinary Shares in the Company, and other clients of Kestrel, in which Mr Scott has no beneficial interest, hold 16,055,616 Ordinary Shares in the Company.

On a combined basis, Kestrel indirectly holds voting rights over 32,770,922 Ordinary Shares in the Company, which represents approximately 20.67 per cent of the total voting rights in the Company.

Kestrel's interest in the Shares in the Company is held through the following nominees:

Holding type	Nominee	No. of Ordinary Shares	% of total voting rights
Indirect	Bank of New York Nominees Ltd	16,715,306	10.55%
Indirect	JIM Nominees Limited	464,310	0.29%
Indirect	Bank of New York Nominees Ltd	12,485,870	7.87%
Indirect	Northern Trust Company AVFC	3,105,436	1.96%

For further information contact:

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  / Callum Davidson / Rory Sale (Corporate Finance) Andrew Burdis / Sunila de Silva (ECM)		+44 (0) 20 7220 0500

ANNEX

Template for 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

Kestrel Partners LLP

2

Reason for the notification

a)

Position/status

PCA - Oliver Scott (non-executive director Redcentric plc)

b)

Initial notification /Amendment

Initial

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

Identification code

0.1 pence Ordinary Shares

ISIN: GB00B7TW1V39

b)

Nature of the transaction

Purchase of Ordinary Shares

c)

Price(s) and volume(s)

Transfer

P urchase

16 October 2024
Price(s)	Volume(s)
£1.2016	49,245

17 October 2024
Price(s)	Volume(s)
£1.2340	6,100

18 October 2024
Price(s)	Volume(s)
£1.2125	8,000

d)

Aggregated information

- Aggregated volume

- Price

Purchase Total of 63,345 Ordinary Shares at a price of £1.2073

e)

Date of the transaction

16, 17, 18 October 2024

f)

Place of the transaction

London AIM

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