Redcentric PLC Exercise of Options (7787U)
January 23 2017 - 2:00AM
UK Regulatory
TIDMRCN
RNS Number : 7787U
Redcentric PLC
23 January 2017
23 January 2017
Redcentric plc
("Redcentric" or the "Company")
Exercise of Options / Total Voting Rights
Redcentric plc (AIM: RCN), a leading UK IT managed services
provider, today announces that it has received notification from
MXC Capital Limited ("MXC") that it has exercised 1,692,988 options
over ordinary shares of 0.1p each in the Company ("Shares") at an
exercise price of 32p per Share.
Accordingly, application has been made for 1,692,988 Shares 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 on 26 January 2017 ("Admission").
The options were granted to MXC on 18 April 2013 and are subject
to Redcentric share price and volume performance conditions which
have been satisfied (being an average weekly volume of over 1.0m
Shares over a four week period and a share price in excess of 100p
over the same period).
In addition, MXC holds 7,000,000 options granted on 15 November
2013 at an exercise price of 80p. These options can be exercised
after 15 November 2016 provided, on the date of exercise, the
average mid-market closing price for the preceding ten day period
has increased by at least 12% per annum from the date of grant.
Following Admission, the Company will have a total of
148,859,173 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.
Enquiries:
Redcentric plc +44 (0)1423 850 000
Fraser Fisher, Chief Executive Officer
Peter Brotherton, Chief Financial Officer
Numis Securities Limited - Nomad & Joint Broker +44 (0)20 7260 1000
Simon Willis / Oliver Hardy / Ben Stoop
finnCap Ltd - Joint Broker +44 (0)20 7220 0500
Stuart Andrews / Rhys Williams
Tulchan Group +44 (0)20 7353 4200
James Macey White / Matt Low
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCSEIFWSFWSEFF
(END) Dow Jones Newswires
January 23, 2017 02:00 ET (07:00 GMT)