Redcentric PLC TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi (2218R)

TIDMRCN

RNS Number : 2218R

Redcentric PLC

07 December 2016

 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
------------------------------------------------------------------------------------------------------------ 
 
 1. Identity of the issuer or                                                                 Redcentric PLC 
  the underlying issuer 
  of existing shares to which 
  voting rights are 
  attached: (ii) 
----------------------------------------------------------------------  ------------------------------------ 
 2 Reason for the notification (please tick the appropriate box or 
  boxes): 
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 An acquisition or disposal of voting rights                                                X 
--------------------------------------------------------------------------  -------------------------------- 
 An acquisition or disposal of qualifying financial 
  instruments which may result in the acquisition 
  of shares already issued to which voting rights 
  are attached 
--------------------------------------------------------------------------  -------------------------------- 
 An acquisition or disposal of instruments with 
  similar economic effect to qualifying financial 
  instruments 
--------------------------------------------------------------------------  -------------------------------- 
 An event changing the breakdown of voting rights 
--------------------------------------------------------------------------  -------------------------------- 
 Other (please 
  specify): 
----------------------------------------------------------------  --------  -------------------------------- 
 3. Full name of person(s)                                                   Coltrane Asset Management, L.P. 
  subject to the 
  notification obligation: 
  (iii) 
------------------------------------------------------------------  ---------------------------------------- 
 4. Full name of shareholder(s)                                                   Coltrane Master Fund, L.P. 
  (if different from 3.):(iv) 
------------------------------------------------------------------  ---------------------------------------- 
 5. Date of the transaction                                                                December 05, 2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
------------------------------------------------------------------  ---------------------------------------- 
 6. Date on which issuer                                                                   December 06, 2016 
  notified: 
------------------------------------------------------------------  ---------------------------------------- 
 7. Threshold(s) that is/are                                                             Increasing above 9% 
  crossed or 
  reached: (vi, vii) 
------------------------------------------------------------------  ---------------------------------------- 
 
 
 
 8. Notified details: 
-------------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
-------------------------------------------------------------------------------------------------------------------------- 
 Class/type            Situation previous                Resulting situation after the 
  of                    to the triggering                 triggering transaction 
  shares                transaction 
 
  if possible 
  using 
  the ISIN 
  CODE 
--------------------  --------------------------------  ------------------------------------------------------------------ 
                       Number           Number           Number         Number of                 % of voting 
                        of               of               of shares      voting                    rights (x) 
                        Shares           Voting                          rights 
                                         Rights 
--------------------  ---------------  ---------------  -------------  ------------------------  ------------------------- 
                                                         Direct         Direct        Indirect    Direct        Indirect 
                                                                         (xi)          (xii) 
--------------------      -----------    -----------    -------------  ------------  ----------  ------------  ----------- 
 Equity CFD 
 (ISIN:GB00B7TW1V39)   6,697,905        6,697,905        6,697,905      6,697,905     N/A         4.56%         N/A 
 Common Equity 
 (ISIN:GB00B7TW1V39)   5,694,372        5,694,372        7,434,372      7,434,372     N/A         5.06%         N/A 
 
 B: Qualifying Financial Instruments 
-------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
-------------------------------------------------------------------------------------------------------------------------- 
 Type of financial         Expiration     Exercise/                       Number of voting            % of voting 
  instrument                date           Conversion                      rights that                 rights 
                            (xiii)         Period (xiv)                    may be 
                                                                           acquired if 
                                                                           the 
                                                                           instrument 
                                                                           is 
                                                                           exercised/ 
                                                                           converted. 
------------------------  -------------  ------------------------------  --------------------------  --------------------- 
 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments (xv, xvi) 
-------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
-------------------------------------------------------------------------------------------------------------------------- 
 Type of financial       Exercise       Expiration     Exercise/        Number of voting            % of voting 
  instrument              price         date           Conversion        rights instrument           rights (xix, 
                                        (xvii)         period            refers to                   xx) 
                                                       (xviii) 
----------------------  -------------  -------------  ---------------  --------------------------  ----------------------- 
                                                                                                    Nominal       Delta 
----------------------  -------------  -------------  ---------------  --------------------------  ------------  --------- 
 
 
 Total (A+B+C) 
-------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                   Percentage of voting rights 
--------------------------------------------------------  ---------------------------------------------------------------- 
 14,132,277                                                9.62% 
--------------------------------------------------------  ---------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights 
  and/or the 
  financial instruments are effectively held, if applicable: (xxi) 
-------------------------------------------------------------------------------------- 
                                                       Coltrane Asset Management, L.P. 
                                                                         Mandeep Manku 
                                                          Coltrane Domestic Fund, L.P. 
                                                          Coltrane Offshore Fund, L.P. 
                                              Coltrane Asset Management Holdings, Ltd. 
                                                                      Coltrane GP, LLC 
                                                     Coltrane Master Fund, L.P.: 9.62% 
 
 Proxy Voting: 
-------------------------------------------------------------------------------------- 
 10. Name of the proxy holder: 
---------------------------------------------------------------------  --------------- 
 11. Number of voting rights proxy 
  holder will cease 
  to hold: 
---------------------------------------------------------------------  --------------- 
 12. Date on which proxy holder will 
  cease to hold 
  voting rights: 
---------------------------------------------------------------------  --------------- 
 
 
  13. Additional information: 
---------------------------------------------------------------------  --------------- 
 14. Contact name:                                                      George Cairoli 
---------------------------------------------------------------------  --------------- 
 15. Contact telephone number:                                          1(212)259-6042 
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December 07, 2016 08:59 ET (13:59 GMT)