REDCENTRIC PLC — Remuneration Information 2019

Jul 1, 2019

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 0912E

Redcentric PLC

01 July 2019

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

Issue of Options

Redcentric plc (AIM: RCN) announces that on 28 June 2019 it granted a total of 1,241,767 options to executive directors and members of the senior management team to acquire new ordinary shares of 0.1 pence each in the Company under the Company's 2017 Long Term Incentive Plan ("LTIP Options"). The LTIP Options are nil-cost options and subject to continued employment and the meeting of certain performance conditions. 

The following LTIP Options were granted to Directors:

Peter Brotherton, Chief Executive Officer: 379,267.

As a result, Peter Brotherton holds 1,061,103 share options in the Company. Mr Brotherton also holds 20,000 ordinary shares in the Company.

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 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	Volume(s)
Nil cost	379,267
e)	Aggregated information - Aggregated volume - Price - Aggregated total	N/A - single transaction
f)	Date of the transaction	28 June 2019
g)	Place of the transaction	Outside of a trading venue

Enquiries:

Redcentric plc

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

Harn Jagpal, Company Secretary                                                                           +44 (0)845034 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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

DSHRBMITMBAMBAL