REG - Redcentric PLC - Director/PDMR Shareholding

RedcentricAnnouncement

29/02/2024 07:15

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RNS Number : 8681E  Redcentric PLC  29 February 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 26, 27 and 28 February 2024 it purchased, on behalf of its
discretionary client accounts, an aggregate of 14,000 ordinary shares of 0.1
pence each ("Ordinary Shares") in the Company at an average price of £1.3168
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) 16,715,306 Ordinary Shares
in the Company, and other clients of Kestrel, in which Mr Scott has no
beneficial interest, hold 15,989,253 Ordinary Shares in the Company.

On a combined basis, Kestrel indirectly holds voting rights over 32,704,559
Ordinary Shares in the Company, which represents approximately 20.67 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  16,715,306              10.56%
 Indirect      JIM Nominees Limited           464,310                 0.29%
 Indirect      Bank of New York Nominees Ltd  12,471,770              7.88%
 Indirect      Northern Trust Company AVFC    3,053,173               1.94%

 

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)                                       26 February 2024

                                                            Price(s)  Volume(s)
                                                                   £1.3150    5,000

      Transfer
 

27 February 2024
                                                                   Price(s)  Volume(s)

                                                            £1.3125    4,000
      Purchase

 

28 February 2024
                                                                   Price(s)  Volume(s)
                                                                   £1.322    5,000

 d)   Aggregated information

      - Aggregated volume                                          Purchase Total of 14,000 Ordinary Shares at a price of £1.3168

      - Price
 e)   Date of the transaction                                      26, 27 and 28 February 2024

 f)   Place of the transaction                                     London AIM

 

 27 February 2024
 Price(s)  Volume(s)
 £1.3125    4,000

 

 28 February 2024
 Price(s)  Volume(s)
 £1.322    5,000

d)

 

Aggregated information

- Aggregated volume

- Price

 

Purchase Total of 14,000 Ordinary Shares at a price of £1.3168

e)

 

Date of the transaction

 

26, 27 and 28 February 2024

f)

 

Place of the transaction

London AIM

 

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