Last checked at 30 Aug 2022 07:00
Redcentric plc
Save As You Earn Share Option Scheme
Redcentric (AIM:RCN) (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 in order 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 96.07p, representing a 20% discount to the average market price of Redcentric shares over the three days ended 1 August 2022, with a grant date of 26 August 2022 and an exercise date from 1 October 2025 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 86 employees elected to participate, giving rise to the grant of a total of 562,199 share options (equivalent to 0.4% of the Company's current issued share capital).
David Senior, Chief Financial Officer, elected to participate in the Scheme and is included in the total figures above. Mr Senior has been granted 18,736 share options and now holds a total of 560,587 share options in the Company.
Enquiries:
Redcentric plc Peter Brotherton, Chief Executive Officer David Senior, Chief Financial Officer
| +44 (0)800 983 2522 |
finnCap Ltd - Nomad and Sole Broker Marc Milmo / Simon Hicks / Charlie Beeson (Corporate Finance) Andrew Burdis / Sunila de Silva (ECM) | +44 (0)20 7220 0500 |
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 | David Senior | |
2 | Reason for the notification | ||
a) | Position/status | Chief Financial Officer | |
b) | Initial notification /Amendment | Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Redcentric plc | |
b) | Legal Entity Identifier | 213800FGYMMNE9OKFD14 | |
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 the financial instrument, type of instrument Identification code | Options over new ordinary shares of 0.1p each
GB00B7TW1V39
| |
b) | Nature of the transaction | Grant of options | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price (exercise) | Volume(s) |
96.07 | 18,736 | ||
| |||
e) | Aggregated information - Aggregated volume - Price - Aggregated total | N/A - single transaction
| |
f) | Date of the transaction | 26 August 2022 | |
g) | Place of the transaction | Outside of a trading venue | |