AI assistant
REDCENTRIC PLC Remuneration Information 2020
7875_def-14a_2020-09-01_9ad9e2cf-5541-47f3-ad3d-66e78d7da682.html
Remuneration Information
Open in viewerOpens in your device viewer
National Storage Mechanism | Additional information 
RNS Number : 5098X
Redcentric PLC
01 September 2020
Redcentric plc
Save As You Earn Share Option Scheme
Redcentric (AIM:RCN) ("Redcentric" or the "Company"), a leading UK IT managed services provider, is pleased to announce employee participation under the Company's HMRC approved Save As You Earn (SAYE) Option Plan 2014. The scheme was established in order to offer Redcentric's employees the opportunity to participate in the future growth of the Company.
Eligible employees were invited to subscribe for share options over ordinary shares in the Company of 0.1p each at an exercise price of 119.6p, representing a 20% discount to the average market price of Redcentric shares over the three days ended 5 August 2020, with a grant date of 28 August 2020 and an exercise date from 1 October 2023 onwards.
The scheme rules limit each employee to a maximum saving of £500 per month over the three-year period of the scheme. A total of 92 employees elected to participate, giving rise to the grant of a total of 521,782 share options (equivalent to 0.3% of the Company's current issued share capital).
Enquiries:
| Redcentric plc Peter Brotherton, Chief Executive Officer David Senior, Chief Financial Officer |
+44 (0)800 983 2522 |
| finnCap Ltd - Nomad and Sole Broker Marc Milmo / Simon Hicks / Charlie Beeson (Corporate Finance) Andrew Burdis / Sunila de Silva (ECM) |
+44 (0)20 7220 0500 |
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 [email protected] or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
IOEPPMITMTJTBTM