Redcentric PLC Restitution Scheme Update (3598W)

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RNS Number : 3598W

Redcentric PLC

17 August 2020

Redcentric plc

Restitution Scheme Update

Redcentric plc (AIM: RCN) ("Redcentric" or the "Company"), a leading UK IT managed services provider, announces that since 11 August 2020, the date on which the Company last provided an update on settlements under the Scheme, it has made the following Restitution Payments pursuant to the Scheme announced by the Company on 26 June 2020.

 
 Number of Net Relevant Share Purchases 
  the subject of Restitution Payments:     2,740,307 
 Number of Ordinary Shares allotted:         422,006 
 Cash payments:                                 GBP0 
 

The allotment of Ordinary Shares has been made through the issue of New Ordinary Shares.

As a result, the Company's issued share capital now consists of 155,302,749 Ordinary Shares, 822,427 of which are 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 154,480,322 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.

Following the Restitution Payments set out above, the total number of Net Relevant Share Purchases the subject of Restitution Payments or settled pursuant to the Settlement Deed are 10,120,445 and the aggregate Restitution Payments made to date pursuant to the Scheme and the Settlement Deed are 730,006 Ordinary Shares allotted and GBP912,471.40 in cash payments.

Defined terms used in this announcement have the meanings ascribed to them in the circular to shareholders dated 26 June 2020 unless otherwise defined.

Enquiries:

 
 Redcentric plc 
  Peter Brotherton, Chief Executive Officer 
  David Senior, Chief Financial Officer        [phone] 
 finnCap Ltd - Nomad and Sole Broker 
  Marc Milmo / Simon Hicks / Charlie Beeson 
  (Corporate Finance) 
  Andrew Burdis / Sunila de Silva (ECM)        [phone] 
 

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August 17, 2020 09:45 ET (13:45 GMT)