SAYE Share Option Scheme
Redcentric plc announced on 6 November 2025 the launch of its Save As You Earn Share Option Scheme, aiming to align employee interests with the company's future growth. A total of 77 employees elected to participate, leading to the grant of 531,241 share options, which equates to 0.33% of the current issued share capital. These options, granted on 5 November 2025, have an exercise price of 110.26p, representing a 20% discount to the average market price over the three days ended 10 October 2025. Employees can save up to £500 per month over the three-year scheme, with options becoming exercisable from 1 December 2028 onwards, a move generally viewed positively for employee retention
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Redcentric plc (AIM: RCN), a leading UK IT managed services provider, is pleased to announce employee participation under the Company's HMRC approved Save As You Earn ('SAYE') Option Plan 2025 (the 'Scheme'). 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 110.26p, representing a 20% discount to the average market price of Redcentric shares over the three days ended 10 October 2025, with a grant date of 5 November 2025 and an exercise date from 1 December 2028 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 77 employees elected to participate, giving rise to the grant of a total of 531,241 share options (equivalent to 0.33% of the Company's current issued share capital).
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.