REG - Redcentric PLC - Exercise of Options

RedcentricAnnouncement

17/03/2022 07:00

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RNS Number : 9733E  Redcentric PLC  17 March 2022

 

Redcentric plc

Exercise of Options

Redcentric plc (AIM: RCN) ("Redcentric" or the "Company"), a leading UK IT
managed services provider, announces that following an exercise ("Exercise")
of options over ordinary shares of 0.1p each in the Company ("Ordinary
Shares") pursuant to the Company's 2016 Long Term Incentive Plan, it has
transferred 10,000 Ordinary Shares previously held in Treasury to satisfy the
Exercise.

In addition, it has recently come to light that the 237,500 Ordinary Shares
referred to in the Company's announcement of 12 January 2016 were not admitted
to trading on AIM. As a result, application has been made for the 237,500
Ordinary Shares to be admitted to trading on AIM ("Admission"). Admission is
expected to occur at 8.00 a.m. on 21 March 2022.

Following the Exercise and Admission, the Company's issued share capital now
consists of 156,991,982 Ordinary Shares, 2,170,203 of which remain held in
Treasury. For reporting under the FCA's Disclosure Guidance and Transparency
Rules, shareholders should exclude any Ordinary Shares held in Treasury and
should use the figure of 154,821,779 Ordinary Shares (the issued voting share
capital) when determining if they are required to notify their interest, or a
change of their interest in the Company.

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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