Business
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. Disclaimer*
About this update from Redcentric Plc
[{"type":"text","content":"\n\n22 December 2025\n \nRedcentric plc\n('Redcentric' or the 'Company')\n \nNotification and public disclosure of transactions by PDMRs\n \nGrant of Options\n \nRedcentric 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: \n \n\n\n\n\nParticipant\n\n\nOptions\n\n\nOption Price\n \n\n\n\n\nMichelle Senecal De Fonseca\n\n\nOptions over 2,096,774 Ordinary Shares granted under the Company's 2016 Long Term Incentive Plan ('LTIP')\n\n\n0.1 pence per Ordinary Share\n\n\n\n\nRichard McGuire\n\n\nOptions over 514,112 Notional Ordinary Shares under a one-off arrangement that operates by reference to the LTIP\n\n\nNil per Notional Ordinary Share\n\n\n\n\n \nThe 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.\n \nThe 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.\n \nConsistent with past practice, vesting targets over the three-year period performance period (the \"Performance Period\") have been set as follows:\n \n\n\n\n\n· \n\n\nNo vesting will occur for an annualised TSR over the Performance Period of less than 5%.\n\n\n\n\n· \n\n\nSubject to achieving an annualised TSR over the Performance Period of 5%, 12.5% of the Options referred to above will vest.\n\n\n\n\n· \n\n\nThereafter vesting will increase on a straight-line basis to full vesting for an annualised TSR over the Performance Period of 15%.\n\n\n\n\n \nIn 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 sam...