Redcentric
plc
("Redcentric" or the "Group")
Board
Changes
Redcentric plc (AIM: RCN)
("Redcentric" or the "Company"), a leading UK data centre and IT
managed services provider, announces that Nick Bate has informed
the Board that he no longer wishes to put himself forward for
re-election at the upcoming AGM. It is his intention to step down
from the board and from his position of chairman immediately
following the AGM on 26 September 2024. As a result,
resolution 2 in the Notice of the 2024 AGM that was sent to
shareholders on 2 September 2024 is withdrawn.
New
Board members
The Company also announces the
intended appointment of Richard McGuire as independent
non-executive chairman of the Company following Nick Bate's
decision not to stand for re-appointment. Richard will be joining
the Board and assuming his position as Chairman on 27 September
2024. Richard is an experienced chairman
and non-executive director, having held directorships in a
portfolio of companies across the technology, financial, real
estate and leisure/gaming sectors. He is currently the
non-executive chairman of GYG Limited and the executive chairman of
Sportech Ltd. He has also held senior leadership roles in
investment banking, private equity and institutional asset
management.
To further strengthen the Board
expertise, Redcentric also announces its intention to appoint John
Radziwill as a non-executive director of the Company, subject to
completion of the standard due diligence process. John is a
representative of ND Capital Investments Limited ("ND Capital"),
one of the Company's largest investors. A further announcement will
be made at the time of John's appointment.
Peter Brotherton, Chief Executive
Officer, commented:
"On behalf of the Board and all at Redcentric,
I would like to thank Nick for his leadership over the last three
years. His experience and counsel have been of great
assistance during a time of growth and change for the group.
We wish him all the best for the future.
I
am delighted to welcome Richard to the board. His experience in the
technology sector and skillset will be of great value to the
Company going forward."
Additional information with regard to Richard
McGuire:
The following information is
disclosed in accordance with Schedule 2(g) of the AIM Rules for
Companies:
Full name: Richard Anthony
McGuire
Age: 58
Current directorships:
Sportech Pools Games
Limited
Lot.to Systems Limited
Pools Promotions Limited
Sportech Gaming Limited
Sportech Holdco 2 Limited
Sportech Group Holdings
Limited
Sportech Pools Limited
Bet 247 Limited
Sportech Limited
GYG Limited
Grey Wolf Investments
Limited
Previous directorships held in the
past 5 years:
Sportech Pools Competitions
Limited
Sportech Pools Trustee Company
Limited
Thepools.com Limited
Pools Company Limited
C&P Promotions
Limited
Sportech Management
Limited
Datatote (England)
Limited
Global Tote Europe Holdco
Limited
Sportech Lotteries LLC
eBet Technologies Inc
Global Tote Canada Inc / Sportech
Racing Canada Inc
Racing Technology Ireland
Limited
Global Tote France SAS
Sportech Racing Elekronik ve
Bilgisayer Hizmetleri Sangayi Ticaret Limited
Autotote Europe GmbH
Sportech Racing GmbH
Save as set out above there are no
further disclosures required pursuant to Rule 17 or Schedule Two,
paragraph (g) of the AIM Rules for Companies.
Enquiries:
Redcentric
plc
+44 (0)800 983 2522
Peter Brotherton, Chief Executive
Officer
David Senior, Chief Financial
Officer
Cavendish Capital Markets Limited - Nomad and Sole
Broker
+44 (0)20 7220 0500
Marc Milmo (Corporate
Finance)
Andrew Burdis / Sunila de Silva
(ECM)