Redcentric Executes Employee Share Option Transfer, Updates Share Capital Structure

PUBLISHED: 14 May 2025 @ 08:06 | Comments (0) | More info about Fiona Craig

Redcentric plc (LSE:RCN) has confirmed the completion of an employee share option exercise, which involved transferring 39,649 shares from Treasury to fulfill the option allotment. Following this transaction, the company’s total issued share capital now stands at 159,145,913 Ordinary Shares, of which 158,987,881 are classified as voting shares.

This change in share capital is relevant under the FCA’s Disclosure Guidance and Transparency Rules, helping shareholders accurately assess their current holdings and voting interests.

Outlook and Market Position

Redcentric continues to show strong top-line growth and healthy cash generation, although its profitability is somewhat constrained by elevated debt levels. While the company offers a stable dividend yield, its high price-to-earnings ratio has raised some valuation concerns. Technical indicators reflect a mixed market sentiment, with limited upward momentum in the near term.

A notable recent development is the increased shareholding by Lombard Odier, a move seen as a vote of confidence in Redcentric’s long-term strategy and performance potential.

About Redcentric

Redcentric plc is a UK-based provider of managed IT services, delivering solutions that support the core infrastructure of businesses across various sectors. Its offerings include network, cloud, collaboration, and cybersecurity services, designed to enhance operational efficiency and resilience.

Average Daily Trading Volume: 51,020 shares
Technical Sentiment Indicator: Strong Buy
Market Capitalization: £202.1 million

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