Redcentric PLC Save As You Earn Share Option Scheme
08 October 2024 - 5:00PM
RNS Regulatory News
RNS Number : 2544H
Redcentric PLC
08 October 2024
Redcentric plc
Save As You Earn Share Option
Scheme
Redcentric plc (AIM:RCN)
("Redcentric" or the "Company"), a leading UK IT
managed services provider, is pleased to announce employee
participation under the Company's HMRC approved Save As You Earn
(SAYE) Option Plan 2014 (the "Scheme"). The Scheme was established
to offer Redcentric's employees the opportunity to participate in
the future growth of the Company.
Eligible employees were invited to subscribe for
share options over ordinary shares in the Company of 0.1p each at
an exercise price of 103.14p, representing a 20% discount to the
average market price of Redcentric shares over the three days ended
13 September 2024, with a grant date of 8 October 2024 and an
exercise date from 1 November 2027 onwards.
The Scheme rules limit each employee to a
maximum saving of £500 per month over the three-year period of the
Scheme. A total of 78 employees elected to participate, giving rise
to the grant of a total of 413,062 share options (equivalent to
0.26% of the Company's current issued voting share
capital).
Enquiries:
|
Redcentric plc
Peter Brotherton, Chief Executive
Officer
David Senior, Chief Financial
Officer
|
+44 (0)800 983 2522
|
|
Cavendish Capital Markets Limited - Nomad and Sole
Broker
Marc Milmo / Callum Davidson / Rory
Sale (Corporate Finance)
Andrew Burdis / Sunila de Silva
(ECM)
|
+44 (0)20 7220 0500
|
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