REG - Redcentric PLC - Grant of Options

RedcentricAnnouncement

22/12/2025 12:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251222:nRSV5012Ma&default-theme=true

RNS Number : 5012M  Redcentric PLC  22 December 2025

22 December 2025

 

Redcentric plc

('Redcentric' or the 'Company')

 

Notification and public disclosure of transactions by PDMRs

 

Grant of Options

 

Redcentric plc (AIM: RCN), a leading UK IT managed services provider,
announces that on 18 December 2025 it granted options over ordinary shares of
0.1 pence in the Company ('Ordinary Shares') to Michelle Senecal De Fonseca
(Chief Executive Officer) and options over notional Ordinary Shares ('Notional
Ordinary Shares') to Richard McGuire (Non-Executive Chair) as set in the table
below:

 

 Participant                  Options                                                                         Option Price

 Michelle Senecal De Fonseca  Options over 2,096,774 Ordinary Shares granted under the Company's 2016 Long    0.1 pence per Ordinary Share
                              Term Incentive Plan ('LTIP')
 Richard McGuire              Options over 514,112 Notional Ordinary Shares under a one-off arrangement that  Nil per Notional Ordinary Share
                              operates by reference to the LTIP

 

The Options will ordinarily vest and become exercisable from 18 December 2028,
subject to the recipient's continued employment (or Chairmanship, as relevant)
and the performance conditions having been met.

 

The performance conditions attached to all the Options referred to above
relate to the Company's absolute Total Shareholder Return ('TSR') performance
period from 10 December 2025 using a base price of 124p, being the average
closing mid-market price over the three days prior to the announcement of the
Company's interim results on 10 December 2025.

 

Consistent with past practice, vesting targets over the three-year period
performance period (the "Performance Period") have been set as follows:

 

 ·         No vesting will occur for an annualised TSR over the Performance Period of
           less than 5%.
 ·         Subject to achieving an annualised TSR over the Performance Period of 5%,
           12.5% of the Options referred to above will vest.
 ·         Thereafter vesting will increase on a straight-line basis to full vesting for
           an annualised TSR over the Performance Period of 15%.

 

In the past, Redcentric has granted options to executive members of the Board
on an annual basis at an award level of 200% of base salary, with the same TSR
targets as set out above for at least half the award, with the balance being
subject to adjusted EPS targets.

 

The Board has awarded the Options notified above on the basis they are
'one-off grants' and it is not expected that any further LTIP awards will be
made to these individuals over the course of the next three years.

 

Following the grant of Options to Michelle Senecal De Fonseca under the LTIP
(but ignoring options over Notional Ordinary Shares granted to Richard
McGuire), there are options outstanding over 7,881,892 Ordinary Shares,
representing 4.95% of the Company's issued share capital.

 

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

 

- Ends -

 

Enquiries:

 

    Redcentric plc                                           via Burson Buchanan

    Michelle Senecal De Fonseca, CEO                         www.redcentricplc.com (http://www.redcentricplc.com/)

    Tony Ratcliffe, CFO
                                                             Tel: +44 (0) 20 7220 0500

    Cavendish Capital Markets Limited - Nomad and Broker

    Marc Milmo / Callum Davidson (Corporate Finance)

    Andrew Burdis / Sunila de Silva (ECM)

 

For media enquiries:

 

 Burson Buchanan - Financial Communications           Tel: +44 (0) 20 7466 5000

 Henry Harrison-Topham / Jamie Hooper / Toto Berger   redcentric@buchanancomms.co.uk (mailto:redcentric@buchanancomms.co.uk)

 

Notes to Editors:

 

Redcentric has a strong track record in delivering IT managed services
provision that empowers businesses to scale, innovate and grow in a rapidly
evolving digital landscape. As technology continues to advance the Company's
goal is to be the go-to-all-in-one infrastructure and managed IT service
provider for customers of all sizes offering an unmatched range of products
and solutions.

 

The Company's MSP division serves the private and public sectors with all
their IT requirements.  The MSP division acts as an outsourced IT department,
handling day to day maintenance and security of customers' IT infrastructures.
This allows customers to improve security and efficiency and focus on growing
their core businesses.

 

From infrastructure management and cloud services to cybersecurity and data
analytics, Redcentric has a comprehensive suite of solutions designed to meet
the diverse needs of modern businesses.

 

For additional information please visit www.redcentricplc.com
(http://www.redcentricplc.com)

 

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                                                         1. Michelle Senecal De Fonseca

                                                                  2. Richard McGuire
 2   Reason for Notification
 a)  Position/status                                              1. Chief Executive Officer

                                                                  2. Non-Executive Director and Chairman of Redcentric

 b)  Initial notification/Amendment                               Initial Announcement
 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  Ordinary Shares of 0.1p each

     Identification code                                          GB00B7TW1V39
 b)  Nature of the transaction                                    1.   Grant of options over Ordinary Shares

                                                                  2.   Grant of options over notional Ordinary Shares

 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)

                                                            1. Nil    2,096,774

                                                                  2. Nil    514,112

 d)  Aggregated information

     -  Aggregated volume                                         Not applicable - single transactions

     -  Price                                                     Nil
 e)  Date of the transaction                                      18 December 2025
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

-  Aggregated volume

-  Price

 

Not applicable - single transactions

Nil

e)

Date of the transaction

18 December 2025

f)

Place of the transaction

Outside a trading venue

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHTTBBTMTITBIA



            Copyright 2019 Regulatory News Service, all rights reserved