Red24 PLC Purchase by EBT (8372W)

TIDMREDT

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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