Redcentric controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2020
Redcentric reaches settlement with the FCA
Settlement
Redcentric reached a settlement with the Financial Conduct Authority concerning historical accounting misstatements. Under the settlement, Redcentric agreed to implement a restitution scheme, including approximately £11.4 million for eligible net purchasers of its ordinary shares. The FCA confirmed that no financial penalty would be imposed.
Company response
Remediation — Redcentric
As part of the settlement, the company has agreed to implement a restitution scheme.
Source excerpt
It includes an agreement to pay restitution, amounting to approximately £11.4 million, to net purchasers of ordinary shares in the company between November 9 2015 and November 4 2016.
Redcentric said it has reached a settlement with the Financial Conduct Authority in connection with the FCA's investigation into the company in relation to certain historical accounting misstatements.
As part of the settlement, the company has agreed to implement a restitution scheme.