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Purchase by EBT

12th Nov 2014 11:23

RNS Number : 8372W
Red24 PLC
12 November 2014
 



RED24 PLC

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

 

Purchase by EBT

 

 

red24, the crisis assistance company, was notified on 12 November 2014 of the purchase yesterday by the red24 Employees' Share Trust (the "EBT") of 250,000 ordinary shares of 1p each at a price of 9.9 pence per Ordinary Share in the Company ("Ordinary Shares"). Consequently, the EBT holds 800,000 Ordinary Shares, representing 1.63 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.

 

 

Enquiries:

 

Red24 plc

Tel: 0203 291 2424

 

 

Simon Richards, Chairman

Maldwyn Worsley-Tonks, Chief Executive Officer

 

 

finnCap

Tel: 0207 220 0500

 

Julian Blunt, Henrik Persson, Corporate Finance

 

Elizabeth Johnson, 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
 
END
 
 
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