Redcentric PLC Director/PDMR Shareholding (0574A)
January 17 2024 - 11:00AM
UK Regulatory
TIDMRCN
RNS Number : 0574A
Redcentric PLC
17 January 2024
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 15 January 2024 it
purchased, on behalf of its discretionary client accounts, an
aggregate of 10,469 ordinary shares of 0.1 pence each ("Ordinary
Shares") in the Company at an average price of GBP1.2526 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
15,660,668 Ordinary Shares in the Company.
On a combined basis, Kestrel indirectly holds voting rights over
32,063,286 Ordinary Shares in the Company, which represents
approximately 20.51 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 0.30%
Bank of New York Nominees
Indirect Ltd 12,238,465 7.83%
Northern Trust Company
Indirect AVFC 2,957,893 1.89%
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 15 January 2024
volume(s) Price(s) Volume(s)
----------
Transfer GBP1.2526 10,469
----------
P urchase
----------------------- ----------------------------------------------
d) Aggregated information
- Aggregated Purchase Total of 10,469 Ordinary Shares at
volume a price of GBP1.2526
- Price
----------------------- ----------------------------------------------
e) Date of the 15 January 2024
transaction
----------------------- ----------------------------------------------
f) Place of the London AIM
transaction
----------------------- ----------------------------------------------
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END
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