Grant of Options
Redcentric plc announced that on December 18, 2025, options were granted to its Chief Executive Officer, Michelle Senecal De Fonseca, for 2,096,774 ordinary shares at 0.1 pence each, and to Non-Executive Chair Richard McGuire for 514,112 notional ordinary shares at nil cost. These options will vest from December 18, 2028, contingent on continued employment and meeting Total Shareholder Return performance conditions, with vesting starting at 5% annualised TSR and reaching full vesting at 15% annualised TSR over a three-year period. These are considered one-off grants, and no further LTIP awards are expected for these individuals in the next three years. Following these grants, outstanding options represent 4.95% of the company's issued share capital.
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Redcentric plc (AIM: RCN), a leading UK IT managed services provider, announces that on 18 December 2025 it granted options over ordinary shares of 0.1 pence in the Company ('Ordinary Shares') to Michelle Senecal De Fonseca (Chief Executive Officer) and options over notional Ordinary Shares ('Notional Ordinary Shares') to Richard McGuire (Non-Executive Chair) as set in the table below:
| Participant | Options | Option Price |
| Michelle Senecal De Fonseca | Options over 2,096,774 Ordinary Shares granted under the Company's 2016 Long Term Incentive Plan ('LTIP') | 0.1 pence per Ordinary Share |
| Richard McGuire | Options over 514,112 Notional Ordinary Shares under a one-off arrangement that operates by reference to the LTIP | Nil per Notional Ordinary Share |
The Options will ordinarily vest and become exercisable from 18 December 2028, subject to the recipient's continued employment (or Chairmanship, as relevant) and the performance conditions having been met.
The performance conditions attached to all the Options referred to above relate to the Company's absolute Total Shareholder Return ('TSR') performance period from 10 December 2025 using a base price of 124p, being the average closing mid-market price over the three days prior to the announcement of the Company's interim results on 10 December 2025.
Consistent with past practice, vesting targets over the three-year period performance period (the "Performance Period") have been set as follows:
| · | No vesting will occur for an annualised TSR over the Performance Period of less than 5%. |
| · | Subject to achieving an annualised TSR over the Performance Period of 5%, 12.5% of the Options referred to above will vest. |
| · | Thereafter vesting will increase on a straight-line basis to full vesting for an annualised TSR over the Performance Period of 15%. |
In the past, Redcentric has granted options to executive members of the Board on an annual basis at an award level of 200% of base salary, with the same TSR targets as set out above for at least half the award, with the balance being subject to adjusted EPS targets.
The Board has awarded the Options notified above on the basis they are 'one-off grants' and it is not expected that any further LTIP awards will be made to these individuals over the course of the next three years.
Following the grant of Options to Michelle Senecal De Fonseca under the LTIP (but ignoring options over Notional Ordinary Shares granted to Richard McGuire), there are options outstanding over 7,881,892 Ordinary Shares, representing 4.95% of the Company's issued share capital.
| 2 | Reason for Notification | |
| a) | Position/status | 1. Chief Executive Officer 2. Non-Executive Director and Chairman of Redcentric |
| b) | Initial notification/Amendment | Initial Announcement |
| a) | Name | Redcentric plc |
| b) | LEI | 213800FGYMMNE9OKFD14 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of 0.1p each GB00B7TW1V39 |
| b) | Nature of the transaction | 1. Grant of options over Ordinary Shares 2. Grant of options over notional Ordinary Shares |
| c) | Price(s) and volume(s) | Price(s) Volume(s) 1. Nil 2,096,774 2. Nil 514,112 |
| d) | Aggregated information - Aggregated volume - Price | Not applicable - single transactions Nil |
| e) | Date of the transaction | 18 December 2025 |
| f) | Place of the transaction | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.