Redcentric plc (AIM: RCN), a UK-based IT managed services provider, has announced the purchase of 44,765 ordinary shares at 95.88p each on 6 November 2026, as part of the share buyback programme launched on 29 October 2026. The shares, each carrying a nominal value of 0.1p, will be held in Treasury following the transaction. The buyback is executed through the company's broker, Cavendish Capital Markets Ltd, on the AIMX venue. Investors in the AIM-listed company will now monitor further purchases as the programme continues.

Key Points

  • Redcentric plc (AIM: RCN) is a leading UK IT managed services provider listed on AIM
  • The company purchased 44,765 ordinary shares at a fixed price of 95.88p per share on 6 November 2026
  • Following the transaction, 1,634,515 shares are held in Treasury; issued voting share capital stands at 101,437,225 ordinary shares
  • Investors should watch for further buyback announcements as the programme, launched 29 October 2026, remains ongoing

Redcentric Executes Single AIMX Transaction at Fixed 95.88p Under 29 October 2026 Buyback Programme

The announcement confirms that all 44,765 ordinary shares were purchased in a single transaction at 16:31 on 6 November 2026, executed on the AIMX venue. The lowest, highest, and volume weighted average price paid per share were all recorded at 95.88p, indicating the entire block was acquired at a uniform price. Cavendish Capital Markets Ltd, which serves as both nominated adviser and broker to Redcentric, carried out the transaction on the company's behalf. The Programme itself was announced on 29 October 2026, and the company has stated that further announcements will follow as additional purchases are made.

Treasury Share Position and Voting Share Capital Following the 6 November Purchase

The company's total issued share capital remains unchanged at 103,071,740 ordinary shares following this repurchase. Of that total, 1,634,515 shares are now held in Treasury and are therefore excluded from voting rights calculations. Under the FCA's Disclosure Guidance and Transparency Rules, shareholders must use the figure of 101,437,225 ordinary shares — representing the issued voting share capital — when assessing whether they are required to notify their interest or any change in their interest in Redcentric to the relevant parties.

Redcentric's Managed IT Services Model Across Private and Public Sector Customers

Redcentric operates as a comprehensive IT managed services provider serving both private and public sector clients across the United Kingdom. Its MSP division functions as an outsourced IT department, managing day-to-day maintenance and security of customer infrastructure. The company's service portfolio spans infrastructure management, cloud services, cybersecurity, and data analytics. Redcentric's stated strategic goal is to become the primary all-in-one infrastructure and managed IT services provider for businesses of all sizes, positioning the group within the growing market for outsourced technology solutions.