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RNS Number : 6960Y Redcentric PLC 04 January 2024
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 02 January 2024 and 03 January 2024 it purchased, on
behalf of its discretionary client accounts, an aggregate of 3,542 ordinary
shares of 0.1 pence each ("Ordinary Shares") in the Company at an average
price of £1.2644 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 15,574,496 Ordinary Shares in the Company.
On a combined basis, Kestrel indirectly holds voting rights over 31,977,114
Ordinary Shares in the Company, which represents approximately 20.45 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 type Nominee No. of Ordinary Shares % of total voting rights
Indirect Bank of New York Nominees Ltd 16,402,618 10.49%
Indirect JIM Nominees Limited 464,310 0.30%
Indirect Bank of New York Nominees Ltd 12,238,465 7.83%
Indirect Northern Trust Company AVFC 2,871,721 1.83%
For further information contact:
Redcentric plc +44 (0) 800 983 2522
Peter Brotherton, Chief Executive Officer
David Senior, Chief Financial Officer
Cavendish Capital Markets Limited (NOMAD and Sole Broker)
Marc Milmo / Simon Hicks / Charlie Beeson (Corporate Finance) +44 (0) 20 7220 0500
Andrew Burdis / Sunila de Silva (ECM)
ANNEX
Template for 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 Kestrel Partners LLP
2 Reason for the notification
a) Position/status PCA - Oliver Scott (non-executive director Redcentric plc)
b) Initial notification /Amendment Initial
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Redcentric plc
b) LEI 213800FGYMMNE9OKFD14
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 of the financial instrument, type of instrument 0.1 pence Ordinary Shares
Identification code
ISIN: GB00B7TW1V39
b) Nature of the transaction Purchase of Ordinary Shares
c) Price(s) and volume(s) 02 January 2024
Price(s) Volume(s)
£1.26 2,000
Transfer
03 January 2024
Price(s) Volume(s)
£1.27 1,542
Purchase
d) Aggregated information
- Aggregated volume Purchase Total of 3,542 Ordinary Shares at a price of £1.2644
- Price
e) Date of the transaction 02 January 2024, 03 January 2024
f) Place of the transaction London AIM
03 January 2024
Price(s) Volume(s)
£1.27 1,542
d)
Aggregated information
- Aggregated volume
- Price
Purchase Total of 3,542 Ordinary Shares at a price of £1.2644
e)
Date of the transaction
02 January 2024, 03 January 2024
f)
Place of the transaction
London AIM
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