Redcentric PLC (AIM: RCN), a UK-listed IT managed services provider, has announced the purchase of 54,416 ordinary shares at a fixed price of 98.00p per share on 11 November 2026, as part of its share buyback programme launched on 29 October 2026. The shares, each carrying a nominal value of 0.1p, will be held in Treasury rather than cancelled. The transaction was executed through the company's nominated broker, Cavendish Capital Markets Ltd, on the AIMX venue. Investors tracking the programme will note that further purchases are expected, with the company confirming it will make additional announcements in due course.

Key Points

  • Redcentric PLC (AIM: RCN) is a UK IT managed services provider listed on AIM
  • The company purchased 54,416 ordinary shares at 98.00p each on 11 November 2026, to be held in Treasury
  • Issued voting share capital now stands at 101,382,809 ordinary shares, with 1,688,931 shares held in Treasury
  • Investors should watch for further buyback announcements under the programme initiated on 29 October 2026

Redcentric Executes Single 54,416-Share Transaction at Uniform 98.00p Price via Cavendish Capital Markets

All 54,416 ordinary shares were purchased in a single transaction on 11 November 2026 at 16:17, with the lowest, highest, and volume weighted average price each recorded at exactly 98.00p. The uniform pricing across the transaction means there was no intraday variation in the price paid. Cavendish Capital Markets Ltd, which serves as both nominated adviser and broker to Redcentric, executed the trade on the AIMX venue. The buyback programme under which this purchase was made was first announced on 29 October 2026, and the company has indicated further purchases may follow.

Treasury Share Position and Voting Capital Following the 11 November 2026 Repurchase

Following this repurchase, Redcentric's total issued share capital remains unchanged at 103,071,740 ordinary shares. Of these, 1,688,931 shares are now held in Treasury and are excluded from voting rights. The company has confirmed that shareholders and interested parties must use the figure of 101,382,809 ordinary shares — the issued voting share capital — when assessing disclosure obligations under the FCA's Disclosure Guidance and Transparency Rules. This distinction between total issued capital and voting capital is a material consideration for any shareholder monitoring notification thresholds.

Redcentric's Managed IT Services Model Across Private and Public Sectors

Redcentric operates as an outsourced IT department for customers across both private and public sectors through its MSP division, managing day-to-day maintenance, cybersecurity, infrastructure, cloud services, and data analytics. The company positions itself as an all-in-one infrastructure and managed IT services provider, serving businesses of all sizes. Its revenue model is built on recurring managed services contracts, a structure that investors in the IT managed services sector typically associate with relatively predictable income streams, though contract renewal risk and competitive pressures remain relevant considerations for the business.