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  As a result, resolution 2 in the Notice of the 2024 AGM that was sent to shareholders on 2 September 2024 is withdrawn.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)