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Update on Australian liquidations

20th Jan 2021 13:05

RNS Number : 3493M

Ridgecrest PLC

20 January 2021

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.

20 January 2021

Ridgecrest plc

("Ridgecrest" or the "Company")

Update on Australian liquidations

Ridgecrest announces that it has today been notified by the liquidator of its dormant Australian subsidiaries in Sydney and Melbourne (the "Australian Subsidiaries") that both liquidations are now being finalised.

The board of the Company took the decision in 2018 to cease trading in Australia and the Australian Subsidiaries were put into two separate liquidation processes at that time. Further details of the liquidations are set out in the Company's announcement of the disposal of its operating businesses to Sanderson Group on 9 December 2020.

Enquiries:

Ridgecrest plc	www.ridgecrestplc.com
Robert Thesiger, Chairman	07714 502807
Allenby Capital Limited (Nominated Adviser and Joint Broker)	020 3328 5656
Nick Naylor / Liz Kirchner (Corporate Finance)
Peterhouse Capital Limited (Joint Broker)	020 7469 0930
Lucy Williams / Duncan Vasey

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

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