9 September 2016
Redcentric plc
("Redcentric", "the Company" or "the Group")
Director's Dealings, Issue of Equity and Total Voting Rights
Redcentric plc (AIM: RCN), announces that it has received notification from Fraser Fisher, Chief Executive Officer, that he exercised 285,000 options over ordinary shares of 0.1p each in the Company ("Shares") on 9 September 2016, at an exercise price of 70 pence per Share, pursuant to the Company's EMI Plan 2013. Following this exercise, Mr Fisher sold 285,000 Shares at an average price of 182 pence per Share on 9 September 2016.
Accordingly, application has been made for 285,000 Shares issued pursuant to the option exercise to be admitted to trading on AIM. The new Shares will rank pari passu with the Company's existing Shares and it is expected that admission will become effective and dealings in the new Shares will commence at 8.00 a.m. on 15 September 2016.
Both before and after the exercise and sale, Mr Fisher held 90,557 Shares, representing a beneficial interest in the Company of 0.06% of the current issued share capital. In addition, Mr Fisher holds options over 874,933 Shares; 276,143 of which have vested, 581,968 of which are subject to performance conditions, and 16,822 of which are part of the Redcentric SAYE Option Plan 2014.
Following the issue of the 285,000 Shares, the Company will have a total of 147,166,185 Ordinary Shares in issue with one voting right per share.
The above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
1) |
Details of the person discharging managerial responsibility |
a) |
Name |
Fraser Fisher |
2 |
Reason for the notification |
a) |
Position/status |
Chief Executive Officer |
b) |
Initial notification /Amendment |
Initial notification |
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
a) |
Name |
Redcentric plc |
b) |
LEI |
n/a |
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 Identification code |
Ordinary shares of 0.1p each in Redcentric plc Identification code for Redcentric plc ordinary shares: GB00B7TW1V39 |
b) |
Nature of the transaction |
Exercise of options granted under the Redcentric plc EMI Plan 2013 and subsequent sale of those ordinary shares issued in connection with that exercise |
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
70p |
285,000 options exercised |
182p |
285,000 ordinary shares sold |
|
d) |
Aggregated information - Aggregated volume - Price |
As above |
e) |
Date of the transaction |
9 September 2016 |
f) |
Place of the transaction |
London Stock Exchange, AIM |
Enquiries:
Redcentric plc |
+44 (0)1423 850 000 |
Fraser Fisher, Chief Executive Officer |
|
Tim Coleman, Chief Financial Officer |
|
|
|
Numis Securities Limited - Nomad & Joint Broker |
+44 (0)20 7260 1000 |
Simon Willis / Oliver Hardy / Ben Stoop |
|
|
|
finnCap Ltd - Joint Broker |
+44 (0)20 7220 0500 |
Stuart Andrews / Rhys Williams |
|
|
|
MXC Capital Markets LLP - Financial Adviser |
+44 (0)20 7965 8149 |
Marc Young / Charlotte Stranner |
|
|
|
Tulchan |
+44 (0)20 7353 4200 |
James Macey White / Matt Low |
|
