Source - LSE Regulatory
RNS Number : 7840V
Redcentric PLC
06 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 1 December 2023 it purchased, on behalf of its discretionary client accounts, an aggregate of 150,000 ordinary shares of 0.1 pence each ("Ordinary Shares") in the Company at an average price of £1.245 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 15,327,776 Ordinary Shares in the Company.

On a combined basis, Kestrel indirectly holds voting rights over 31,730,394 Ordinary Shares in the Company, which represents approximately 20.30 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

16,402,618

10.49%

Indirect

JIM Nominees Limited

464,310

0.30%

Indirect

Bank of New York Nominees Ltd

12,238,465

7.83%

Indirect

Northern Trust Company AVFC

2,625,001

1.68%

 

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

 

 



 


 



 



 

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

 

Price(s)

Volume(s)

£1.245

150,000

d)

 

Aggregated information

- Aggregated volume

- Price

 

Purchase Total 150,000 Ordinary Shares at a price of £1.245

e)

 

Date of the transaction

 

1 December 2023

f)

 

Place of the transaction

London AIM

 

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END
 
 
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