Redcentric PLC Completion of Acquisitions (7639R)
07 Julio 2022 - 12:25PM
UK Regulatory
TIDMRCN
RNS Number : 7639R
Redcentric PLC
07 July 2022
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the company's obligations under Article 17 of MAR.
Redcentric plc
Completion of acquisitions
Redcentric plc (AIM: RCN) ("Redcentric" or the "Company"), a
leading UK IT managed services provider, is pleased to announce
that, following its announcement of 7 June 2022, its subsidiary,
Redcentric Solutions Ltd, has completed the acquisition of the
business and assets relating to the operation of three data centres
("Sungard DCs") and the provision of other colocation and network
services from Sungard Availability Services (UK) Limited (in
administration) ("Sungard Acquisition").
Initial consideration of GBP10.12m has been paid in cash, with
further consideration being payable in cash pursuant to performance
criteria which expire 12 months following completion.
Redcentric further announces that it has completed the
acquisition of the entire issued share capital of 4D Data Centres
Limited for a total cash consideration of GBP10m ("4D
Acquisition").
Due to the nature of the transaction and the assets acquired,
further details in relation to the Sungard Acquisition, including
financial information, together with further details of the 4D
Acquisition, will be provided in due course.
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) +44 (0)20 7220 0500
Andrew Burdis / Sunila de Silva (ECM)
Oakley Advisory Limited - Financial Advisor
Chris Godsmark / Marc Jones / James Whyms +44 (0)20 7766 6900
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END
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July 07, 2022 13:25 ET (17:25 GMT)
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