Completion of Capital Reduction
Capital reduction becomes effective; tender offer timetable announced with closing date 21 July 2026.
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Redcentric plc (LSE: RCN), a leading UK IT managed services provider ('MSP'), today announces that its Capital Reduction is now effective. This follows the registration of the Court Order and accompanying statement of capital by the Registrar of Companies for England and Wales. The number of shares admitted to trading is unchanged by the Capital Reduction.
Following the Capital Reduction becoming effective, the Company sets out the full timetable regarding the Tender Offer, further details of which were set out in the circular posted to Shareholders on 19 June 2026 (the 'Circular').
| Event | Time and/or date 2026 (1) |
| Capital Reduction effective (being, the Capital Reduction Effective Date) | 7 July |
| Latest time and date for receipt of Tender Forms and submission of TTE Instructions from Shareholders (being, the Tender Offer Closing Date) | 1.00 p.m. on 21 July |
| Record date and time for the Tender Offer | 6.00 p.m. on 21 July |
| Announcement of results of the Tender Offer elections | 22 July |
| Purchase Date for the Tender Offer | 24 July |
| Record date and time in respect of the Share Consolidation and Share Sub-division (being, the Share Capital Restructure Record Date) | 6.00 p.m. on 28 July |
| Admission to AIM of New Ordinary Shares | 8.00 a.m. on 29 July |
| Date CREST accounts credited with New Ordinary Shares | 8.00 a.m. on 29 July |
| CREST Settlement Date: payments through CREST made and CREST accounts settled in respect of Tender Offer | 4 August |
| Cheques despatched to certificated Shareholders in respect of Tender Offer | 4 August |
| Expected date of dispatch of share certificates in respect of any New Ordinary Shares held in certificated form | By 12 August |
| Fractional entitlement payment date | By 12 August |
Notes:
1 If any of the times and/or dates change, the revised times and/or dates will be notified to Shareholders by an announcement through a Regulatory Information Service.
Unless otherwise defined, capitalised terms in this announcement shall have the same meaning as defined in the Circular.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.