TIDMRCN

RNS Number : 6838W

Redcentric PLC

23 December 2021

Redcentric plc

Save As You Earn Share Option Scheme

Redcentric (AIM:RCN) (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"). 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 99.87p, representing a 20% discount to the average market price of Redcentric shares over the three days ended 1 December 2021, with a grant date of 23 December 2021 and an exercise date from 1 February 2025 onwards.

The Scheme rules limit each employee to a maximum saving of GBP500 per month over the three-year period of the Scheme. A total of 86 employees elected to participate, giving rise to the grant of a total of 626,562 share options (equivalent to 0.4% of the Company's current issued share capital).

Peter Brotherton, Chief Executive Officer, elected to participate in the Scheme and is included in the total figures above. Mr Brotherton has been granted 18,023 share options and now holds a total of 1,194,531 share options in the Company.

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

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              Initial Notification 
        /Amendment 
      --------------------------------  ------------------------------------------------ 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ---------------------------------------------------------------------------------- 
 a)    Name                              Redcentric plc 
      --------------------------------  ------------------------------------------------ 
 b)    Legal Entity                      213800FGYMMNE9OKFD14 
        Identifier 
      --------------------------------  ------------------------------------------------ 
 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                       Options over new ordinary shares of 0.1p each 
        of the financial 
        instrument, 
        type of instrument                GB00B7TW1V39 
        Identification 
        code 
      --------------------------------  ------------------------------------------------ 
 b)    Nature of                         Grant of options 
        the transaction 
      --------------------------------  ------------------------------------------------ 
 c)    Currency                          GBP 
      --------------------------------  ------------------------------------------------ 
 d)    Price(s) and                            Price (exercise)             Volume(s) 
        volume(s) 
      --------------------------------  ------------------------------  ---------------- 
                                                     99.87                   18,023 
 -------------------------------------  ------------------------------  ---------------- 
 
 e)    Aggregated                        N/A - single transaction 
        information 
        - Aggregated 
        volume 
        - Price 
        - Aggregated 
        total 
      --------------------------------  ------------------------------------------------ 
 f)    Date of the                       23 December 2021 
        transaction 
      --------------------------------  ------------------------------------------------ 
 g)    Place of the                      Outside of a trading venue 
        transaction 
      --------------------------------  ------------------------------------------------

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END

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(END) Dow Jones Newswires

December 23, 2021 11:47 ET (16:47 GMT)

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