Redcentric plc (AIM: RCN), a UK-listed IT managed services provider, has announced the purchase of 38,858 ordinary shares at 98.20p each on 12 November 2026, as part of the share buyback programme launched on 29 October 2026. The shares, each carrying a nominal value of 0.1p, were acquired to be held in Treasury. The transaction was executed through Cavendish Capital Markets Ltd on the AIMX venue. Investors will be watching for further buyback announcements as the programme continues.

Key Points

  • Redcentric plc (AIM: RCN) is a leading UK IT managed services provider listed on AIM
  • The company purchased 38,858 ordinary shares at a uniform price of 98.20p on 12 November 2026 under its ongoing buyback programme
  • Following the transaction, 1,727,789 shares are held in Treasury; the issued voting share capital stands at 101,343,951 ordinary shares
  • Investors should monitor further announcements as Redcentric has indicated additional purchases may follow under the programme

Redcentric Executes Single AIMX Transaction at Fixed 98.20p Under 29 October Programme

The buyback was carried out as a single transaction at 16:24 on 12 November 2026 on the AIMX trading venue, with all 38,858 ordinary shares purchased at precisely 98.20p. The lowest, highest, and volume weighted average price paid were all recorded at 98.20p, indicating the entire purchase was completed in one execution. Cavendish Capital Markets Limited, which also serves as Redcentric's nominated adviser and broker, acted as the executing broker for the transaction. The buyback programme itself was first announced on 29 October 2026.

Treasury Share Position and Voting Capital Following the 12 November Purchase

After the repurchase, Redcentric's total issued share capital remains at 103,071,740 ordinary shares, of which 1,727,789 are now held in Treasury following this and prior purchases under the programme. Under the FCA's Disclosure Guidance and Transparency Rules, Treasury shares are excluded from voting capital calculations. As a result, shareholders and interested parties must use the figure of 101,343,951 ordinary shares when assessing whether a notification obligation has been triggered in respect of their interest, or any change to their interest, in the company.

Redcentric's Managed Services Offering Across Public and Private Sectors

Redcentric operates as an all-in-one IT infrastructure and managed services provider, serving customers across both the private and public sectors through its MSP division. The division functions as an outsourced IT department, covering day-to-day maintenance, cybersecurity, cloud services, infrastructure management, and data analytics. The company's stated goal is to become the go-to provider for businesses of all sizes, enabling clients to improve operational security and efficiency while focusing on their core activities. This broad service model underpins Redcentric's recurring revenue profile, a factor investors may consider relevant when assessing the rationale behind capital allocation decisions such as the buyback.