Redcentric PLC Restitution Scheme Update (9677W)

TIDMRCN

RNS Number : 9677W

Redcentric PLC

24 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 17 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:     102,779 
 Number of Ordinary Shares allotted:        15,827 
 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 155,318,576 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 154,496,149 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 10,223,224 and the aggregate Restitution Payments made to date pursuant to the Scheme and the Settlement Deed are 745,833 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] 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

UPDEANPLAAFEEEA

(END) Dow Jones Newswires

August 24, 2020 05:23 ET (09:23 GMT)