Redcentric PLC Director/PDMR Shareholding (9698X)
December 27 2023 - 9:30AM
UK Regulatory
TIDMRCN
RNS Number : 9698X
Redcentric PLC
27 December 2023
Redcentric plc
Director/PDMR Shareholdings
Redcentric plc (AIM:RCN) ("Redcentric" or the "Company") a
leading UK IT managed services provider, received notification from
Kestrel Partners LLP ("Kestrel") that on 20 December, 21 December
and 22 December 2023 it purchased, on behalf of its discretionary
client accounts, an aggregate of 75,000 ordinary shares of 0.1
pence each ("Ordinary Shares") in the Company at an average price
of GBP1.248 per Ordinary Share.
Mr Oliver Scott is a partner of, and holds a beneficial interest
in, Kestrel. Mr Scott is also a shareholder in Kestrel
Opportunities and is therefore deemed to have a beneficial interest
in Kestrel Opportunities' entire legal holding in Redcentric.
Following this transaction, Kestrel Opportunities holds (and
consequently Mr Scott is deemed to have a beneficial interest in)
16,402,618 Ordinary Shares in the Company, and other clients of
Kestrel, in which Mr Scott has no beneficial interest, hold
15,535,597 Ordinary Shares in the Company.
On a combined basis, Kestrel indirectly holds voting rights over
31,938,215 Ordinary Shares in the Company, which represents
approximately 20.43 per cent of the total voting rights in the
Company.
Kestrel's interest in the Shares in the Company is held through
the following nominees:
Holding Nominee No. of Ordinary % of total voting
type Shares rights
Bank of New York Nominees
Indirect Ltd 16,402,618 10.49%
Indirect JIM Nominees Limited 464,310 0.29%
Bank of New York Nominees
Indirect Ltd 12,238,465 7.83%
Northern Trust Company
Indirect AVFC 2,832 ,822 1.81%
For further information contact:
Redcentric plc
Peter Brotherton, Chief Executive Officer +44 (0) 800 983
David Senior, Chief Financial Officer 2522
Cavendish Capital Markets Limited (NOMAD
and Sole Broker)
Marc Milmo / Simon Hicks / Charlie
Beeson (Corporate Finance)
Andrew Burdis / Sunila de Silva (ECM) +44 (0) 20 7220 0500
ANNEX
Template for notification and public disclosure of transactions
by persons discharging managerial responsibilities and persons
closely associated with them
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Kestrel Partners LLP
----------------------- ----------------------------------------------
Reason for the notification
2
-----------------------------------------------------------------------
a) Position/status PCA - Oliver Scott (non-executive director
Redcentric plc)
----------------------- ----------------------------------------------
b) Initial notification Initial
/Amendment
----------------------- ----------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name Redcentric plc
----------------------- ----------------------------------------------
b) LEI 213800FGYMMNE9OKFD14
----------------------- ----------------------------------------------
Details of the transaction(s): section to be repeated for
4 (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
-----------------------------------------------------------------------
a) Description 0.1 pence Ordinary Shares
of the financial
instrument, ISIN: GB00B7TW1V39
type of instrument
Identification
code
----------------------- ----------------------------------------------
b) Nature of the Purchase of Ordinary Shares
transaction
----------------------- ----------------------------------------------
c) Price(s) and 20 December 2023
volume(s) Price(s) Volume(s)
----------
Transfer GBP1.2593 20,000
----------
P urchase 21 December 2023
Price(s) Volume(s)
----------
GBP1.25 6,000
----------
22 December 2023
Price(s) Volume(s)
----------
GBP1.2432 49,000
----------
----------------------- ----------------------------------------------
d) Aggregated information
- Aggregated Purchase Total of 75,000 Ordinary Shares at
volume a price of GBP1.248
- Price
----------------------- ----------------------------------------------
e) Date of the 20 December 2023, 21 December 2023 and 22
transaction December 2023
----------------------- ----------------------------------------------
f) Place of the London AIM
transaction
----------------------- ----------------------------------------------
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END
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