Redcentric has agreed a settlement with the FCA whereby net purchasers of stock between November 2015 and November 2016 will be compensated at the equivalent of approximately 17p per share, payable as preferred as part shares/part cash, all shares, or all cash. To assist in funding the compensation in the event of an all cash settlement, the group has agreed a provisional placing for £5.8m at 110p, in addition to use of treasury shares and existing cash resources. The relief from the sh
26 Jun 2020
Redcentric - Placing and shareholder settlement
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Redcentric - Placing and shareholder settlement
Redcentric Plc (RCN:LON) | 144 5 2.5% | Mkt Cap: 227.5m
- Published:
26 Jun 2020 -
Author:
Andrew Darley -
Pages:
10
Redcentric has agreed a settlement with the FCA whereby net purchasers of stock between November 2015 and November 2016 will be compensated at the equivalent of approximately 17p per share, payable as preferred as part shares/part cash, all shares, or all cash. To assist in funding the compensation in the event of an all cash settlement, the group has agreed a provisional placing for £5.8m at 110p, in addition to use of treasury shares and existing cash resources. The relief from the sh