Redcentric PLC Director/PDMR Shareholding
January 30 2024 - 10:30AM
RNS Regulatory News
RNS Number : 4185B
Redcentric PLC
30 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 24 January 2024 and
26 January 2024 it purchased, on behalf of
its discretionary client accounts, an aggregate of 19,000 ordinary
shares of 0.1 pence each ("Ordinary Shares") in the Company at an
average price of £1.2581 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) 16,715,306 Ordinary Shares in the Company,
and other clients of Kestrel, in which Mr Scott has no beneficial
interest, hold 15,975,253 Ordinary Shares in the
Company.
On a combined basis, Kestrel
indirectly holds voting rights over 32,690,559 Ordinary Shares in
the Company, which represents approximately 20.66 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 type
|
Nominee
|
No. of
Ordinary Shares
|
% of total
voting rights
|
|
Indirect
|
Bank of New York Nominees
Ltd
|
16,715,306
|
10.56%
|
|
Indirect
|
JIM Nominees Limited
|
464,310
|
0.29%
|
|
Indirect
|
Bank of New York Nominees
Ltd
|
12,471,770
|
7.88%
|
|
Indirect
|
Northern Trust Company
AVFC
|
3,039,173
|
1.93%
|
For further information
contact:
|
|
|
|
Redcentric plc
Peter Brotherton, Chief Executive
Officer
David Senior, Chief Financial
Officer
|
+44 (0) 800 983
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
|
|
|
|
|
|
|
|
|
|
|
|
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| |
ANNEX
Template for 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
|
Kestrel Partners LLP
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
PCA - Oliver Scott (non-executive
director Redcentric plc)
|
|
b)
|
Initial notification
/Amendment
|
Initial
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Redcentric plc
|
|
b)
|
LEI
|
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
|
0.1 pence Ordinary Shares
ISIN: GB00B7TW1V39
|
|
b)
|
Nature of the transaction
|
Purchase of Ordinary
Shares
|
|
c)
|
Price(s) and volume(s)
Transfer
Purchase
|
|
24 January 2024
|
|
Price(s)
|
Volume(s)
|
|
£1.2558
|
6,000
|
|
26 January 2024
|
|
Price(s)
|
Volume(s)
|
|
£1.2592
|
13,000
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
Purchase Total of 19,000 Ordinary
Shares at a price of £1.2581
|
|
e)
|
Date of the transaction
|
24 January 2024 and 26 January
2024
|
|
f)
|
Place of the transaction
|
London AIM
|
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