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Save As You Earn Share Option Scheme

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RNS Number : 3454R
Redcentric PLC
20 September 2017
 

20 September 2017

 

Redcentric plc

("Redcentric" or "the Company")

 

Save As You Earn share option scheme

 

Redcentric (AIM:RCN) is pleased to announce employee participation under the Company's HMRC approved Save As You Earn (SAYE) Option Plan 2014. 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 63.0p, representing a 20% discount to the average market price of Redcentric shares over the three days ended 4 August 2017, with a grant date of 30 August 2017 and an exercise date from 30 August 2020 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 91 employees (24.9% of those eligible) elected to participate giving rise to the grant of a total of 1,223,390 share options (equivalent to 0.8% of the Company's current issued share capital).

 

The following Executive Director elected to participate in the scheme and are included in the total figures above as follows:

 

Peter Brotherton (CFO) has been granted 28,571 share options and now holds a total of 190,476 share options in the Company.

 

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 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 to acquire 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(s)

Volume(s)

0.63p

28,571

 

e)

Aggregated information

- Aggregated volume

- Price

- Aggregated total

N/A - single transaction

 

 

 

f)

Date of the transaction

30 August 2017

g)

Place of the transaction

Outside of a trading venue

 

 

 

Enquiries:

 

Redcentric Plc

Fraser Fisher, Chief Executive Officer

Peter Brotherton, Chief Financial Officer

 

+44 (0)1423 850 000

Tulchan

James Macey White / Matt Low

 

+44 (0)20 7353 4200

Numis Securities Limited - Nomad & Joint Broker          

Simon Willis / Oliver Hardy / Ben Stoop

 

+44 (0)20 7260 1000

finnCap Ltd - Joint Broker

Stuart Andrews / Rhys Williams

 

+44 (0)20 7220 0500

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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