Redcentric Announces Exercise of Employee Share Options
Why we think this is neutral
The RNS announcement details the exercise of 3,604 employee share options, which does not have a material financial impact on the business. This is a routine regulatory update with no significant implications.
Key Points
- Redcentric received notice of exercise in relation to employee share options over 3,604 ordinary shares
- The company has transferred 3,604 shares previously held in Treasury to satisfy the exercise
- This does not have any material financial impact on the business
Summary
The IT services provider has announced the exercise of employee share options, a standard regulatory update with no significant business implications.
Redcentric plc, a leading UK IT managed services provider, has announced the exercise of employee share options over 3,604 ordinary shares. The company has transferred these shares previously held in Treasury to satisfy the exercise. This does not have any material financial impact on the business.
GENERAL UPDATE