Redcentric PLC Director Dealing, New Equity, Total Voting Rights (4653J)
September 09 2016 - 9:24AM
UK Regulatory
TIDMRCN
RNS Number : 4653J
Redcentric PLC
09 September 2016
9 September 2016
Redcentric plc
("Redcentric", "the Company" or "the Group")
Director's Dealings, Issue of Equity and Total Voting Rights
Redcentric plc (AIM: RCN), announces that it has received
notification from Fraser Fisher, Chief Executive Officer, that he
exercised 285,000 options over ordinary shares of 0.1p each in the
Company ("Shares") on 9 September 2016, at an exercise price of 70
pence per Share, pursuant to the Company's EMI Plan 2013. Following
this exercise, Mr Fisher sold 285,000 Shares at an average price of
182 pence per Share on 9 September 2016.
Accordingly, application has been made for 285,000 Shares issued
pursuant to the option exercise to be admitted to trading on AIM.
The new Shares will rank pari passu with the Company's existing
Shares and it is expected that admission will become effective and
dealings in the new Shares will commence at 8.00 a.m. on 15
September 2016.
Both before and after the exercise and sale, Mr Fisher held
90,557 Shares, representing a beneficial interest in the Company of
0.06% of the current issued share capital. In addition, Mr Fisher
holds options over 874,933 Shares; 276,143 of which have vested,
581,968 of which are subject to performance conditions, and 16,822
of which are part of the Redcentric SAYE Option Plan 2014.
Following the issue of the 285,000 Shares, the Company will have
a total of 147,166,185 Ordinary Shares in issue with one voting
right per share.
The above figure may be used by shareholders in the Company as
the denominator for the calculations by which they will determine
if they are required to notify their interest in, or a change to
their interest in, the share capital of the Company under the FCA's
Disclosure and Transparency Rules.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
1) Details of the person discharging managerial
responsibility
--- ---------------------------------------------------------------
a) Name Fraser Fisher
--- ------------------------- ------------------------------------
2 Reason for the notification
--- ---------------------------------------------------------------
a) Position/status Chief Executive Officer
--- ------------------------- ------------------------------------
b) Initial notification Initial notification
/Amendment
--- ------------------------- ------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ---------------------------------------------------------------
a) Name Redcentric plc
--- ------------------------- ------------------------------------
b) LEI n/a
--- ------------------------- ------------------------------------
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 Ordinary shares of 0.1p each
the financial in Redcentric plc
instrument, type
of instrument Identification code for Redcentric
Identification plc ordinary shares: GB00B7TW1V39
code
--- ------------------------- ------------------------------------
b) Nature of the Exercise of options granted
transaction under the Redcentric plc EMI
Plan 2013 and subsequent sale
of those ordinary shares issued
in connection with that exercise
--- ------------------------- ------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- -----------------
70p 285,000 options
exercised
--------- -----------------
182p 285,000 ordinary
shares sold
--------- -----------------
--- ------------------------- ------------------------------------
d) Aggregated information As above
- Aggregated volume
- Price
--- ------------------------- ------------------------------------
e) Date of the transaction 9 September 2016
--- ------------------------- ------------------------------------
f) Place of the transaction London Stock Exchange, AIM
--- ------------------------- ------------------------------------
Enquiries:
+44 (0)1423 850
Redcentric plc 000
Fraser Fisher, Chief Executive
Officer
Tim Coleman, Chief Financial Officer
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
MXC Capital Markets LLP - Financial +44 (0)20 7965
Adviser 8149
Marc Young / Charlotte Stranner
+44 (0)20 7353
Tulchan 4200
James Macey White / Matt Low
This information is provided by RNS
The company news service from the London Stock Exchange
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September 09, 2016 09:24 ET (13:24 GMT)