Redcentric PLC Issue of Options (4987R)
September 21 2017 - 1:06PM
UK Regulatory
TIDMRCN
RNS Number : 4987R
Redcentric PLC
21 September 2017
21 September 2017
Redcentric plc ("Redcentric" or the "Company")
Issue of Options
Redcentric plc (AIM: RCN) announces that on 29 June 2017 it
granted a total of 1,092,330 options to executive directors and
members of the senior management team to acquire new ordinary
shares of 0.1 pence each in the Company under the Company's 2017
Long Term Incentive Plan ("LTIP Options"). The LTIP Options are
nil-cost options and will vest after 3 years subject to continued
employment and the meeting of certain performance conditions being
compound annual growth in diluted earnings per share from the
financial period ending 31 March 2017 to 31 March 2020.*
The following LTIP Options were granted to Directors:
Fraser Fisher, Chief Executive Officer: 421,052 LTIP
Options**
Peter Brotherton, Chief Financial Officer: 192,481 LTIP
Options
As a result Fraser Fisher currently holds 1,295,985 share
options in the Company and Peter Brotherton a total of 382,957
share options in the Company. In addition, Fraser Fisher has a
total beneficial holding of 106,807 ordinary shares in the Company
and Peter Brotherton has a total beneficial holding of 20,000
ordinary shares in the Company.
* 40% of awards vest at 4% compound EPS growth and 100% vest at
10% compound EPS growth (vesting will be on a straight line basis
between these levels).
** The 421,052 LTIP Options were granted prior to the
announcement by the Company on 10 August 2017 that Fraser Fisher
had given notice of his resignation as CEO. The 421,052 LTIP
Options will lapse upon Fraser Fisher leaving the business.
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 Fraser Fisher
---- ------------------------- -----------------------------------------
2 Reason for the notification
---- --------------------------------------------------------------------
a) Position/status Chief Executive 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 213800FGYMMNE9OKFD14
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 of 0.1p each
financial GB00B7TW1V39
instrument,
type of
instrument
Identification
code
---- ------------------------- -----------------------------------------
b) Nature Grant of options
of the
transaction
---- ------------------------- -----------------------------------------
c) Currency GBP
---- ------------------------- -----------------------------------------
d) Price(s) Price(s) Volume(s)
and volume(s)
---- ------------------------- -------------------- -------------------
0.83125p 421,052
------------------------------ -------------------- -------------------
e) Aggregated N/A - single transaction
information
- Aggregated
volume
- Price
- Aggregated
total
---- ------------------------- -----------------------------------------
f) Date of 29 June 2017
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 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 213800FGYMMNE9OKFD14
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 of 0.1p each
financial GB00B7TW1V39
instrument,
type of
instrument
Identification
code
---- ------------------------- -----------------------------------------
b) Nature Grant of options
of the
transaction
---- ------------------------- -----------------------------------------
c) Currency GBP
---- ------------------------- -----------------------------------------
d) Price(s) Price(s) Volume(s)
and volume(s)
---- ------------------------- -------------------- -------------------
0.83125p 192,481
------------------------------ -------------------- -------------------
e) Aggregated N/A - single transaction
information
- Aggregated
volume
- Price
- Aggregated
total
---- ------------------------- -----------------------------------------
f) Date of 29 June 2017
the transaction
---- ------------------------- -----------------------------------------
g) Place of Outside of a trading venue
the transaction
---- ------------------------- -----------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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