Redcentric PLC Issue of options (revised) (1035T)
December 30 2016 - 7:55AM
UK Regulatory
TIDMRCN
RNS Number : 1035T
Redcentric PLC
30 December 2016
The following announcement has been made to replace RNS Number
9999S released on 29 December 2016 which incorrectly stated the
number of ordinary shares held by Mo Siddiqi, Chief Operating
Officer. The correct version of the announcement is below:
Redcentric plc ("Redcentric" or the "Company")
Issue of Options
Redcentric plc (AIM: RCN), today announces that on 28 December
2016 it granted the following options to acquire new ordinary
shares of 0.1 pence each in the Company under the Company's 2016
Long Term Incentive Plan ("Options"):
Peter Brotherton, Chief Financial Officer: 161,905 Options at
nil-cost subject to performance conditions*.
Mo Siddiqi, Chief Operating Officer: 257,143 Options at nil-cost
subject to performance conditions*, 250,000 Options at an exercise
price of 84 pence subject to performance conditions** and 250,000
Options at an exercise price of 84 pence with no performance
conditions***.
* Performance conditions based on compound annual growth in
diluted earnings per share from the financial period ending 31
March 2016 to 31 March 2019.
** Performance conditions based on compound annual growth in
diluted earnings per share from the financial period ended 31 March
2016 to 31 March 2018.
*** These Options are not subject to performance conditions and
are capable of vesting from 1 October 2017.
Peter Brotherton currently holds no shares in the Company.
Mo Siddiqi currently holds 15,099 shares in the Company
representing 0.01% of the Company's issued share capital.
The notifications below, made in accordance with the
requirements of the Market Abuse Regulation, provides further
detail.
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 Financial Officer
---- ------------------------- ------------------------------------------
b) Initial Initial Notification
notification
/Amendment
---- ------------------------- ------------------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
---- ---------------------------------------------------------------------
a) Name Redcentric plc
---- ------------------------- ------------------------------------------
b) Legal Entity N/A
Identifier
---- ------------------------- ------------------------------------------
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 Options to acquire new ordinary shares
of the financial of 0.1p each
instrument, GB00B7TW1V39
type of
instrument
Identification
code
---- ------------------------- ------------------------------------------
b) Nature of Grant of options
the transaction
---- ------------------------- ------------------------------------------
c) Currency GBP
---- ------------------------- ------------------------------------------
d) Price(s) Price(s) Volume(s)
and volume(s)
---- ------------------------- -------------------- --------------------
Nil-cost 161,905
--------------------------------------------------- --------------------
e) Aggregated N/A - single transaction
information
- Aggregated
volume
- Price
- Aggregated
total
---- ------------------------- ------------------------------------------
f) Date of 28 December 2016
the transaction
---- ------------------------- ------------------------------------------
g) Place of Outside of a trading venue
the transaction
---- ------------------------- ------------------------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
---- --------------------------------------------------------------------
a) Name Mo Siddiqi
---- ------------------------- -----------------------------------------
2 Reason for the notification
---- --------------------------------------------------------------------
a) Position/status Chief Operating Officer
---- ------------------------- -----------------------------------------
b) Initial Initial Notification
notification
/Amendment
---- ------------------------- -----------------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
---- --------------------------------------------------------------------
a) Name Redcentric plc
---- ------------------------- -----------------------------------------
b) Legal Entity N/A
Identifier
---- ------------------------- -----------------------------------------
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 Options to acquire new ordinary shares
of the financial of 0.1p each
instrument, GB00B7TW1V39
type of
instrument
Identification
code
---- ------------------------- -----------------------------------------
b) Nature of Grant of options
the transaction
---- ------------------------- -----------------------------------------
c) Currency GBP
---- ------------------------- -----------------------------------------
d) Price(s) Price(s) Volume(s)
and volume(s)
---- ------------------------- ------------------- --------------------
Nil-cost 257,143
84p 250,000
84p 250,000
------------------------------ ------------------- --------------------
e) Aggregated N/A - single transaction
information
- Aggregated
volume
- Price
- Aggregated
total
---- ------------------------- -----------------------------------------
f) Date of 28 December 2016
the transaction
---- ------------------------- -----------------------------------------
g) Place of Outside of a trading venue
the transaction
---- ------------------------- -----------------------------------------
Enquiries:
+44 (0)845 034
Redcentric plc 111
Fraser Fisher, Chief Executive
Officer
Peter Brotherton, Chief Financial
Officer
+44 (0)20 7353
Tulchan 4200
James Macey White / Matt Low
Numis Securities Limited - Nomad +44 (0)20 7260
& Joint Broker 1000
Simon Willis / Oliver Hardy /
Ben Stoop
+44 (0)20 7220
finnCap Ltd - Joint Broker 0500
Stuart Andrews / Rhys Williams
This information is provided by RNS
The company news service from the London Stock Exchange
END
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