TIDMRCN

RNS Number : 8690S

Redcentric PLC

19 November 2021

Redcentric plc

Grant of Options and PDMR Shareholding

Redcentric plc (AIM: RCN) ("Redcentric" or the "Company"), a leading UK IT managed services provider, announces that on 18 November 2021, it granted a total of 1,786,307 options over new ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") under the Company's 2016 Long Term Incentive Plan ("LTIP Options"). The LTIP Options are three-year, nil-cost options and subject to continued employment and the meeting of certain performance conditions. 866,622 of the LTIP Options were granted to executive directors of the Company as follows:

-- 554,326 LTIP Options were granted to Peter Brotherton, Chief Executive Officer of the Company, following which Mr. Brotherton holds a total of 1,475,387 options over Ordinary Shares and 228,571 Ordinary Shares; and

-- 312,296 LTIP Options were granted to David Senior, Chief Financial Officer of the Company, following which Mr. Senior holds a total of 561,851 options over Ordinary Shares and 14,550 Ordinary Shares.

The notifications below, made in accordance with the requirements of the Market Abuse Regulation, provide further detail.

Following the grant of the LTIP Options, there are options outstanding over 5,544,717 Ordinary Shares, representing 3.54% of the Company's issued share capital.

Enquiries:

 
  Redcentric plc 
   Peter Brotherton, Chief Executive Officer     +44 (0)800 983 
   David Senior, Chief Financial Officer          2522 
 
  finnCap Ltd - Nomad and Sole Broker 
   Marc Milmo / Simon Hicks / Charlie Beeson 
   (Corporate Finance)                           +44 (0)20 7220 
   Andrew Burdis / Sunila de Silva (ECM)          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) 
      --------------------------------  -------------------------------  ---------------- 
                                 Nil cost                                     554,326 
  ---------------------------------------------------------------------  ---------------- 
 
 e)    Aggregated                        N/A - single transaction 
        information 
        - Aggregated 
        volume 
        - Price 
        - Aggregated 
        total 
      --------------------------------  ------------------------------------------------- 
 f)    Date of the                       18 November 2021 
        transaction 
      --------------------------------  ------------------------------------------------- 
 g)    Place of the                      Outside of a trading venue 
        transaction 
      --------------------------------  ------------------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities/person 
        closely associated 
 a)    Name                    David Senior 
      ----------------------  ----------------------------------------------------------- 
 2     Reason for the notification 
      ----------------------------------------------------------------------------------- 
 a)    Position/status         Chief Financial 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,             GB00B7TW1V39 
        type of instrument 
        Identification 
        code 
      ----------------------  ----------------------------------------------------------- 
 b)    Nature of               Grant of options 
        the transaction 
      ----------------------  ----------------------------------------------------------- 
 c)    Currency                GBP 
      ----------------------  ----------------------------------------------------------- 
 d)    Price(s) and            Price (exercise)                  Volume(s) 
        volume(s) 
      ----------------------  ------------------  --------------------------------------- 
                     Nil cost                                                     312,296 
  ----------------------------------------------  --------------------------------------- 
 
 e)    Aggregated              N/A - single transaction 
        information 
        - Aggregated 
        volume 
        - Price 
        - Aggregated 
        total 
      ----------------------  ----------------------------------------------------------- 
 f)    Date of the             18 November 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

November 19, 2021 02:00 ET (07:00 GMT)

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