TIDMRCN

RNS Number : 7518S

Redcentric PLC

18 November 2021

Redcentric plc

("Redcentric" or the "Group")

Board Changes

Redcentric plc (AIM: RCN) ("Redcentric" or the "Company"), a leading UK IT managed services provider, is pleased to announce the appointment of Nick Bate as independent non-executive chairman of the Company, chairman of the nomination committee and a member of the remuneration committee, following notification in July of Ian Johnson's intention to step down. Ian Johnson has stepped down from the board and his position as chairman of the Company, and Nick will join the board of directors of the Company (the "Board") with immediate effect.

Nick is an experienced chairman and non-executive director of a portfolio of companies across the data, communications, software and financial services sectors, and most recently was on the board of directors of Nasstar plc for over 6 years. Nick has a proven track record in delivering successful growth through the application of his financial, commercial and operational skills and strong experience in corporate M&A transactions. Nick is a chartered management accountant.

Redcentric further announces that, after nearly five years in office, Jon Kempster, non-executive director and chairman of the Company's audit committee, has notified the Board that he does not intend to stand for re-election at the Company's next annual general meeting in September 2022. The Board will commence a search process and a further announcement regarding Jon's replacement will be made in due course.

Peter Brotherton, Chief Executive Officer, commented:

"I am delighted to welcome Nick to Redcentric on behalf of the Board. His breadth and depth of experience brings a welcome perspective to the Board and his expertise in the IT and service environment will be of great value to Redcentric going forward.

I would also like to thank Ian, on behalf of the Board and all at Redcentric, for his leadership over the last two years and wish him all the best for the future.

Finally, on behalf of the Board and all at Redcentric, I would like to thank Jon for his counsel and guidance over the last five years through a time of major change for the Company, and wish him all the best for the future."

Nick Bate commented:

"I am excited to be joining the Board of Redcentric and look forward to working with Peter and the rest of the Board as the Company continues to execute its growth strategy."

Additional information with regard to Nick Bate:

The following information is disclosed in accordance with Schedule 2(g) of the AIM Rules for Companies:

Full name: Nicholas John Bate

Age: 55 years

Current directorships:

 
 Age Check Certification Services 
  Limited 
 Age Check Certification Scheme 
  Limited 
 Beta Family Investments Limited 
 Beta Partners Limited 
 DSW Angels (Carried Interest) 
  LLP 
 Europa Communications Holdings 
  Limited 
 Europa Communications Limited 
 Fun, Sport, Franchising Limited 
 Kit Log Limited 
 Orka Technology Group Limited 
 Secure Digital Exchange Limited 
 Snow Hill BPRA LLP 
 Greenpass Limited 
 Greenpass Europe Limited 
 Greenpass Worldwide Limited

Previous directorships held in the past 5 years:

 
 Nasstar plc 
 SDX Digicom Limited 
 Yinvision Limited

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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November 18, 2021 02:00 ET (07:00 GMT)

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