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Director Dealing

6th Jul 2015 14:34

RNS Number : 2891S
Red24 PLC
06 July 2015
 

RED24 PLC

(the "Group", "Company" or "red24")

 

Director Dealing

 

 

red24, the crisis assistance company, was notified today, 6 July, of the sale by Financial & General Securities Limited ("FGSL"), a broker/dealer in securities, of 240,000 ordinary shares of 1p each at a price of 26.5 pence per Ordinary Share in the Company ("Ordinary Shares"). As a consequence of this sale, FGSL has a holding of 200,000 Ordinary Shares representing 0.41% of the Company's issued share capital.

 

Simon Richards, chairman of the Company, is a director and has an indirect shareholding of 31.42% in FGSL, although trading decisions by FGSL are taken independently of Mr. Richards. The holding of FGSL is treated as part of Mr. Richards' overall interest in red24.

 

As a result of the above disposal Mr Richards is now interested in a total of 14,219,250 Ordinary Shares (including the remaining holding of FGSL), representing 29.03% of the Company's issued share capital of which 13,389,250 Ordinary Shares are held by Sidebell Limited, a company in which Mr. Richards is also a director and shareholder.

 

 

 

Enquiries:

 

Red24 plc

Tel: 0203 291 2424

 

Simon Richards, Chairman

Maldwyn Worsley-Tonks, Chief Executive Officer

 

finnCap

Tel: 0207 220 0500

Julian Blunt, James Thompson, Corporate Finance

Tony Quirke, Corporate Broking

 

Yellow Jersey PR Ltd

Tel: 07768 534641

Philip Ranger, Kelsey Traynor

 

About red24

 

Red24 is a crisis assistance company that provides a range of security and business support services, offering preventative and reactive advice to help organisations and individuals to avoid or manage security and business risks to themselves, their families and their businesses. Its products and services are distributed through leading international financial service companies.

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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