Redcentric plc
Director/PDMR Shareholdings
Redcentric plc (AIM: RCN) ("Redcentric" or the "Company"), a leading UK IT managed services provider, announces that on 23 August 2024 certain Directors of the Company and their persons closely associated ("PCA"), exercised options over, in aggregate, 109,802 ordinary shares of 0.1p in the Company ("Ordinary Shares") and subsequently sold this number of Ordinary Share as set out below:
| Name | Position | No of options exercised | Ordinary Shares Sold | Price | Resultant Holding | % of total voting rights |
| Peter Brotherton | Chief Executive Officer | 70,234 | 70,234 | £1.315 | 452,479 | 0.29% |
| David Senior | Chief Financial Officer | 39,568 | 39,568 | £1.315 | 113,090 | 0.07% |
The Company is issuing 109,802 Ordinary Shares to satisfy the Exercise. Application has been made to the London Stock Exchange for these Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will be effective and dealings will commence in respect of the Ordinary Shares at 8.00 a.m. on or around 2 September 2024.
Following Admission, the Company's issued share capital will consist of 159,006,988 Ordinary Shares, 618,188 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 158,388,800 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.
The notifications below, which have been made in accordance with the requirements of the Market Abuse Regulation, provide further detail.
Enquiries:
| Redcentric plc Peter Brotherton, Chief Executive Officer David Senior, Chief Financial Officer
| +44 (0)800 983 2522 |
| Cavendish Capital Markets Limited - Nomad and Sole Broker Marc Milmo (Corporate Finance) Andrew Burdis / Sunila de Silva (ECM) | +44 (0)20 7220 0500 |
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 | Peter Brotherton | ||||||||
| 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 | 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 | ||||||||
| Identification code | GB00B7TW1V39 | |||||||||
| b) | Nature of the transaction | Exercise of options and sale of ordinary shares
| ||||||||
| c) | Price(s) and volume(s) | Exercise of options
Sale of shares
| ||||||||
| d) | Aggregated information: · Aggregated volume · Price | Two transactions - see 4 (c) above | ||||||||
| e) | Date of the transactions | 23 August 2023 | ||||||||
| f) | Place of the transaction | 1) Exercise of options - N/A 2) Sale of shares - London Stock Exchange, AIM Market (XLON) | ||||||||
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||||||
| a) | Name | David Senior
| ||||||||
| 2. | Reason for the Notification | |||||||||
| a) | Position/status | Chief Financial 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 | 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 | ||||||||
| Identification code | GB00B7TW1V39 | |||||||||
| b) | Nature of the transaction | Exercise of options and sale of ordinary shares
| ||||||||
| c) | Price(s) and volume(s) | Exercse of options
Sale of shares
| ||||||||
| d) | Aggregated information: · Aggregated volume · Price | Two transactions - see 4 (c) above | ||||||||
| e) | Date of the transactions | 23 August 2023 | ||||||||
| f) | Place of the transaction | 1) Exercise of options - N/A 2) Sale of shares - London Stock Exchange, AIM Market (XLON) | ||||||||
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