TIDMRCN

RNS Number : 9698X

Redcentric PLC

27 December 2023

Redcentric plc

Director/PDMR Shareholdings

Redcentric plc (AIM:RCN) ("Redcentric" or the "Company") a leading UK IT managed services provider, received notification from Kestrel Partners LLP ("Kestrel") that on 20 December, 21 December and 22 December 2023 it purchased, on behalf of its discretionary client accounts, an aggregate of 75,000 ordinary shares of 0.1 pence each ("Ordinary Shares") in the Company at an average price of GBP1.248 per Ordinary Share.

Mr Oliver Scott is a partner of, and holds a beneficial interest in, Kestrel. Mr Scott is also a shareholder in Kestrel Opportunities and is therefore deemed to have a beneficial interest in Kestrel Opportunities' entire legal holding in Redcentric.

Following this transaction, Kestrel Opportunities holds (and consequently Mr Scott is deemed to have a beneficial interest in) 16,402,618 Ordinary Shares in the Company, and other clients of Kestrel, in which Mr Scott has no beneficial interest, hold 15,535,597 Ordinary Shares in the Company.

On a combined basis, Kestrel indirectly holds voting rights over 31,938,215 Ordinary Shares in the Company, which represents approximately 20.43 per cent of the total voting rights in the Company.

Kestrel's interest in the Shares in the Company is held through the following nominees:

 
 Holding     Nominee                      No. of Ordinary   % of total voting 
  type                                             Shares              rights 
             Bank of New York Nominees 
 Indirect     Ltd                              16,402,618              10.49% 
 Indirect    JIM Nominees Limited                 464,310               0.29% 
             Bank of New York Nominees 
 Indirect     Ltd                              12,238,465               7.83% 
             Northern Trust Company 
 Indirect     AVFC                             2,832 ,822               1.81% 
 

For further information contact:

 
 
 Redcentric plc 
  Peter Brotherton, Chief Executive Officer     +44 (0) 800 983 
  David Senior, Chief Financial Officer          2522 
 
 Cavendish Capital Markets Limited (NOMAD 
  and Sole Broker) 
  Marc Milmo / Simon Hicks / Charlie 
  Beeson (Corporate Finance) 
  Andrew Burdis / Sunila de Silva (ECM)          +44 (0) 20 7220 0500 
 
 
 
 
 

ANNEX

Template for notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                     Kestrel Partners LLP 
     -----------------------  ---------------------------------------------- 
      Reason for the notification 
  2 
     ----------------------------------------------------------------------- 
 a)   Position/status          PCA - Oliver Scott (non-executive director 
                                Redcentric plc) 
     -----------------------  ---------------------------------------------- 
 b)   Initial notification     Initial 
       /Amendment 
     -----------------------  ---------------------------------------------- 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                     Redcentric plc 
     -----------------------  ---------------------------------------------- 
 b)   LEI                      213800FGYMMNE9OKFD14 
     -----------------------  ---------------------------------------------- 
      Details of the transaction(s): section to be repeated for 
  4    (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     ----------------------------------------------------------------------- 
 a)   Description              0.1 pence Ordinary Shares 
       of the financial 
       instrument,              ISIN: GB00B7TW1V39 
       type of instrument 
       Identification 
       code 
     -----------------------  ---------------------------------------------- 
 b)   Nature of the             Purchase of Ordinary Shares 
       transaction 
     -----------------------  ---------------------------------------------- 
 c)   Price(s) and              20 December 2023 
       volume(s)                 Price(s)     Volume(s) 
                                             ---------- 
       Transfer                  GBP1.2593    20,000 
                                             ---------- 
       P urchase                 21 December 2023 
                                 Price(s)    Volume(s) 
                                            ---------- 
                                 GBP1.25     6,000 
                                            ---------- 
 
                                 22 December 2023 
                                 Price(s)     Volume(s) 
                                             ---------- 
                                 GBP1.2432    49,000 
                                             ---------- 
     -----------------------  ---------------------------------------------- 
 d)   Aggregated information 
       - Aggregated              Purchase Total of 75,000 Ordinary Shares at 
       volume                    a price of GBP1.248 
       - Price 
     -----------------------  ---------------------------------------------- 
 e)   Date of the              20 December 2023, 21 December 2023 and 22 
       transaction              December 2023 
     -----------------------  ---------------------------------------------- 
 f)   Place of the             London AIM 
       transaction 
     -----------------------  ---------------------------------------------- 
 

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END

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December 27, 2023 10:30 ET (15:30 GMT)

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