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Purchase by EBT and Director's Dealing

20th Jun 2014 07:00

RNS Number : 0852K
Red24 PLC
20 June 2014
 



RED24 PLC

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

Purchase by EBT and director's dealing

 

red24, the crisis assistance company, was notified on 19 June 2014 of the following purchases, on the same day, of ordinary shares of 1p each in the Company ("Ordinary Shares") by the red24 Employees' Share Trust (the "EBT") and by a director.

The EBT purchased 125,000 Ordinary Shares at a price of 17.25 pence per Ordinary Share. This purchase is the first by the Company's recently established EBT and consequently, the EBT holds 125,000 Ordinary Shares representing 0.26 per cent. of the Company's current voting rights.

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.

Furthermore, John Mocatta, a non-executive director of the Company, purchased 6,000 Ordinary Shares at a price of 17 pence per Ordinary Share to be held on behalf of the John Mocatta Grandchildren's Trust. Subsequent to this purchase, the John Mocatta Grandchildren's Trust, of which Mr Mocatta is a trustee but has no beneficial interest, is interested in 18,000 Ordinary Shares (representing approximately 0.04 per cent. of the Company's issued share capital). Mr Mocatta is legally and beneficially interested in a further 630,000 Ordinary Shares (representing approximately 1.3 per cent. of the Company's issued share capital).

ENQUIRIES:

red24 plc

Simon Richards, Chairman

Maldwyn Worsley-Tonks, Chief Executive Officer

Tel: 0203 297 2424

 

 

finnCap

Julian Blunt, Henrik Persson, Corporate Finance

Elizabeth Johnson, Corporate Broking

Tel: 0207 220 5000

 

 

Yellow Jersey PR Ltd

Philip Ranger, Kelsey Traynor

Tel: 07768 534641

 

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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