Redcentric PLC Grant of Options and PDMR Shareholding
02 October 2024 - 4:00PM
RNS Regulatory News
RNS Number : 5245G
Redcentric PLC
02 October 2024
Redcentric plc
Grant of Options and PDMR
Shareholding
Redcentric plc (AIM: RCN) ("Redcentric" or the
"Company"), a leading UK IT managed services provider, announces
that it has granted a total of 1,931,681 options over new ordinary
shares of 0.1 pence each in the Company ("Ordinary Shares") under
the Company's 2016 Long Term Incentive Plan ("LTIP Options"). The
LTIP Options are three-year, nominal cost (0.1p) options and
subject to continued employment and the meeting of certain
performance conditions described below. 963,344 of the LTIP Options
were granted to executive directors of the Company as follows:
·
612,418 LTIP Options were granted to Peter Brotherton, Chief
Executive Officer of the Company, following which Mr. Brotherton
holds a total of 1,857,311 options over Ordinary Shares and 452,479
Ordinary Shares (representing approximately 0.29% of the Company's
issued voting share capital); and
·
350,926 LTIP Options were granted to David Senior, Chief Financial
Officer of the Company, following which Mr. Senior holds a total of
1,050,026 options over Ordinary Shares and 113,090 Ordinary Shares
(representing approximately 0.07% of the Company's issued voting
share capital).
The LTIP Options in respect of the executive
directors have a value equal to 200% of salary with the first 100%
of salary based 50% on absolute Total Shareholder Return ("TSR")
between 5% and 10% p.a. and 50% of salary based on adjusted
Earnings per Share ("EPS") for the year ended 31 March 2027 of
between 5p and 7p. The second 100% of salary based 50% on absolute
TSR between 10% and 15% p.a. and 50% of salary based on adjusted
EPS for the year ended 31 March 2027 of between 7p and 9p.
Following the grant of the LTIP Options, there are
options outstanding over 6,727,609 Ordinary Shares, representing
4.2% of the Company's issued voting share capital.
The notifications below, made in accordance with the
requirements of the Market Abuse Regulation, provide further
detail.
Enquiries:
|
Redcentric plc
Peter Brotherton, Chief Executive
Officer
David Senior, Chief Financial
Officer
|
+44 (0)800 983 2522
|
|
|
|
|
Cavendish Ltd - Nomad and Sole Broker
Marc Milmo (Corporate
Finance)
Andrew Burdis (ECM)
|
+44 (0)20 7220 0500
|
NOTIFICATION AND
PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH
THEM
|
1
|
Details of the person discharging
managerial responsibilities/person closely associated
|
|
a)
|
Name
|
Peter Brotherton
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
Chief Executive Officer
|
|
b)
|
Initial notification
/Amendment
|
Initial Notification
|
|
3
|
Details of the issuer, emission
allowance market participant, auction platform, auctioneer or
auction monitor
|
|
a)
|
Name
|
Redcentric plc
|
|
b)
|
Legal Entity Identifier
|
213800FGYMMNE9OKFD14
|
|
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 the financial
instrument, type of instrument
Identification code
|
Options over new ordinary shares of
0.1p each
GB00B7TW1V39
|
|
b)
|
Nature of the transaction
|
Grant of options
|
|
c)
|
Currency
|
GBP
|
|
d)
|
Price(s) and volume(s)
|
Price
(exercise)
|
Volume(s)
|
|
0.1p
|
612,418
|
|
|
|
e)
|
Aggregated information
- Aggregated volume
- Price
- Aggregated total
|
N/A - single transaction
|
|
f)
|
Date of the transaction
|
02 October 2024
|
|
g)
|
Place of the transaction
|
Outside of a trading
venue
|
|
1
|
Details of the person discharging
managerial responsibilities/person closely associated
|
|
a)
|
Name
|
David Senior
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
Chief Financial Officer
|
|
b)
|
Initial notification
/Amendment
|
Initial Notification
|
|
3
|
Details of the issuer, emission
allowance market participant, auction platform, auctioneer or
auction monitor
|
|
a)
|
Name
|
Redcentric plc
|
|
b)
|
Legal Entity Identifier
|
213800FGYMMNE9OKFD14
|
|
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 the financial
instrument, type of instrument
Identification code
|
Options over new ordinary shares of
0.1p each
GB00B7TW1V39
|
|
b)
|
Nature of the transaction
|
Grant of options
|
|
c)
|
Currency
|
GBP
|
|
d)
|
Price(s) and volume(s)
|
Price
(exercise)
|
Volume(s)
|
|
0.1p
|
350,926
|
|
|
|
e)
|
Aggregated information
- Aggregated volume
- Price
- Aggregated total
|
N/A - single transaction
|
|
f)
|
Date of the transaction
|
02 October 2024
|
|
g)
|
Place of the transaction
|
Outside of a trading
venue
|
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
rns@lseg.com 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
DSHQKDBPQBDDCKK
Redcentric (LSE:RCN)
Historical Stock Chart
From Nov 2024 to Dec 2024
Redcentric (LSE:RCN)
Historical Stock Chart
From Dec 2023 to Dec 2024
