23rd Sep 2013 07:00
RED24 PLC
("red24" or "the Company")
DIRECTOR'S DEALING
red24, the international provider of risk management services, was on 20 September 2013 notified that, on the same day, Financial & General Securities Limited ("FGSL") sold 240,000 ordinary shares of 1p each in the capital of the Company ("Ordinary Shares") at a price of 15.75 pence per Ordinary Share.
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 sale, FGSL has a holding of 260,000 Ordinary Shares. Mr Richards is now interested in a total of 14,259,250 Ordinary Shares (including the remaining holding of FGSL), representing 29.1% 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 +44(0) 20 3291 2424
Simon Richards Chairman
Maldwyn Worsley-Tonks CEO
finnCap Ltd +44 (0) 20 7220 0500
Stuart Andrews / Henrik Persson / Simon Hicks Corporate Finance
Brian Patient / Victoria Bates Corporate Broking
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.
Related Shares:
REDT.L