1st Oct 2014 10:45
RED24 PLC
(the "Company", "Group" or "red24")
Director/PDMR Shareholding
red24, the crisis assistance company, was notified on 30 September 2014 of the following transactions in its ordinary shares of 1 pence each ("Ordinary Shares") that took place on the same day:
Name | Price paid (pence) | Number of Ordinary Shares purchased | Resultant number of Ordinary Shares held | Resultant percentage shareholding |
Simon Richards*, Executive Chairman | 10.75 | 20,000 | 630,000 | 1.29% |
Maldwyn Worsley-Tonks, CEO | 10.75 | 20,000 | 963,500 | 1.97% |
John Mocatta, Non-Executive Director | 10.75 | 20,000 | 650,000 | 1.33% |
Lorraine Adlam, Non-Executive Director | 10.70 | 50,000 | 50,000 | 0.10% |
Financial & General Securities Limited ("FGSL")* | 10.70 | 120,000 | 380,000 | 0.78% |
red24 Employees' Share Trust (the "EBT")** | 10.75 | 250,000 | 550,000 | 1.12% |
* Whilst Simon Richards, chairman of the Company, is a director and a shareholder in FGSL, trading decisions by FGSL are taken independently of Mr Richards. As a consequence of this purchase, FGSL has a holding of 380,000 Ordinary Shares. Mr Richards is now interested in a total of 14,399,250 Ordinary Shares (including the remaining holding of FGSL), representing 29.40% 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.
** The EBT is a discretionary trust for the benefit of all employees of the Company and its subsidiaries and has initially been funded by way of a loan from red24. RBC cees Trustee Limited are acting as the trustees of the EBT. The directors of the Company are potentially beneficiaries of Ordinary Shares held in the EBT.
Enquiries:
Red24 plc | Tel: 0203 291 2424 |
Simon Richards, Chairman Mal Worsley-Tonks, Director
| |
finnCap | Tel: 0207 220 5000 |
Julian Blunt, Henrik Persson, Corporate Finance | |
Victoria Bates, Corporate Broking
| |
Yellow Jersey PR Ltd | Tel: 07768 534641 |
Philip Ranger, Kelsey Traynor |
Notes to Editors
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.
Related Shares:
REDT.L