Redcentric PLC Response to outcome of FCA criminal prosecutions (5109B)
14 Febrero 2022 - 1:00AM
UK Regulatory
TIDMRCN
RNS Number : 5109B
Redcentric PLC
14 February 2022
Redcentric plc
Statement in response to outcome of FCA criminal
prosecutions
Redcentric plc (the "Company") notes the outcome of the criminal
prosecutions by the Financial Conduct Authority ("FCA") of three
former employees in relation to historical accounting misstatements
contained in announcements issued by the Company in 2015 and 2016.
The Company is pleased to note that those responsible have been
held accountable and that the FCA's investigation and prosecutions
have now reached their conclusion.
The Company gave its full support and cooperation to the FCA
throughout its investigation and prosecution of the individuals.
The Company also reached a settlement with the FCA in 2020 and
compensated affected shareholders through a restitution scheme
amounting to approximately GBP9m.
The Company has made wholesale changes to its board of directors
and management team since 2016 and they have worked to transform
the Company, including overhauling the Company's accounting
structures, controls and governance processes and optimising its
products, platforms and networks. With a modern, resilient and
growing business, the Company looks forward to continuing the
positive progress it has made into 2022 and beyond.
Enquiries:
Redcentric plc
+44 (0)800 983 2522
Peter Brotherton, Chief Executive Officer
David Senior, Chief Financial Officer
finnCap Ltd - Nomad and Broker +44 (0)20 7220 0500
Marc Milmo / Simon Hicks / Charlie Beeson (Corporate
Finance)
Andrew Burdis / Sunila de Silva (ECM)
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February 14, 2022 02:00 ET (07:00 GMT)
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