Redcentric PLC Director Dealing, New Equity, Total Voting Rights (4653J)

TIDMRCN

RNS Number : 4653J

Redcentric PLC

09 September 2016

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       Initial notification 
       /Amendment 
---  -------------------------  ------------------------------------ 
 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             Ordinary shares of 0.1p each 
       the financial              in Redcentric plc 
       instrument, type 
       of instrument              Identification code for Redcentric 
       Identification             plc ordinary shares: GB00B7TW1V39 
       code 
---  -------------------------  ------------------------------------ 
 b)   Nature of the              Exercise of options granted 
       transaction                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     As above 
       - Aggregated volume 
       - Price 
---  -------------------------  ------------------------------------ 
 e)   Date of the transaction    9 September 2016 
---  -------------------------  ------------------------------------ 
 f)   Place of the transaction   London Stock Exchange, AIM 
---  -------------------------  ------------------------------------ 
 

Enquiries:

 
                                         [phone] 
 Redcentric plc                           000 
 Fraser Fisher, Chief Executive 
  Officer 
 Tim Coleman, Chief Financial Officer 
 
 Numis Securities Limited - Nomad        [phone] 
  & Joint Broker                          1000 
 Simon Willis / Oliver Hardy / 
  Ben Stoop 
 
                                         [phone] 
 finnCap Ltd - Joint Broker               0500 
 Stuart Andrews / Rhys Williams 
 
 MXC Capital Markets LLP - Financial     [phone] 
  Adviser                                 8149 
 Marc Young / Charlotte Stranner 
 
                                         [phone] 
 Tulchan                                  4200 
 James Macey White / Matt Low 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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September 09, 2016 09:24 ET (13:24 GMT)