REDCENTRIC PLC — Remuneration Information 2016

Dec 30, 2016

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RNS Number : 1035T

Redcentric PLC

30 December 2016

The following announcement has been made to replace RNS Number 9999S released on 29 December 2016 which incorrectly stated the number of ordinary shares held by Mo Siddiqi, Chief Operating Officer. The correct version of the announcement is below:

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

Issue of Options

Redcentric plc (AIM: RCN), today announces that on 28 December 2016 it granted the following options to acquire new ordinary shares of 0.1 pence each in the Company under the Company's 2016 Long Term Incentive Plan ("Options"):

Peter Brotherton, Chief Financial Officer: 161,905 Options at nil-cost subject to performance conditions*.

Mo Siddiqi, Chief Operating Officer: 257,143 Options at nil-cost subject to performance conditions*, 250,000 Options at an exercise price of 84 pence subject to performance conditions** and 250,000 Options at an exercise price of 84 pence with no performance conditions***.

* Performance conditions based on compound annual growth in diluted earnings per share from the financial period ending 31 March 2016 to 31 March 2019.

** Performance conditions based on compound annual growth in diluted earnings per share from the financial period ended 31 March 2016 to 31 March 2018.

*** These Options are not subject to performance conditions and are capable of vesting from 1 October 2017.

Peter Brotherton currently holds no shares in the Company.

Mo Siddiqi currently holds 15,099 shares in the Company representing 0.01% of the Company's issued share capital.  

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
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	N/A
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(s)	Volume(s)
Nil-cost	161,905
e)	Aggregated information - Aggregated volume - Price - Aggregated total	N/A - single transaction
f)	Date of the transaction	28 December 2016
g)	Place of the transaction	Outside of a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Mo Siddiqi
2	Reason for the notification
a)	Position/status	Chief Operating 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	N/A
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(s)	Volume(s)
Nil-cost 84p 84p	257,143 250,000 250,000
e)	Aggregated information - Aggregated volume - Price - Aggregated total	N/A - single transaction
f)	Date of the transaction	28 December 2016
g)	Place of the transaction	Outside of a trading venue

Enquiries:

Redcentric plc	+44 (0)845 034 111
Fraser Fisher, Chief Executive Officer
Peter Brotherton, Chief Financial Officer
Tulchan	+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

This information is provided by RNS

The company news service from the London Stock Exchange

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