Red24 PLC Exercise of Options & Director Dealing (3058S)

TIDMREDT

RNS Number : 3058S

Red24 PLC

16 March 2016

RED24 PLC

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

Exercise of Options and Directors Dealings

red24, the crisis assistance company, announces that it has applied for the admission to trading on AIM of a total of 500,000 new ordinary shares of 1p each ("Ordinary Shares") which have been issued pursuant to an exercise (the "Exercise") of options over Ordinary Shares by Maldwyn Worsley-Tonks, the Chief Executive Officer of the Company on 16 March 2016. All of the options have an exercise price of 8 pence. The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares and admission is expected to become effective on 22 March 2016.

Mr. Worsley-Tonks subsequently sold 500,000 Ordinary Shares to Sidebell Limited, a company in which Simon Richards, the Chairman of the Company is a director and shareholder (the "Sale").

Following the Exercise and Sale, Mr. Worsley-Tonks' shareholding remains unchanged at 963,500 Ordinary Shares representing a beneficial interest of 1.95% in the capital of the Company. Mr. Richards is now interested in a total of 14,519,250 Ordinary Shares representing 29.34% of the Company's issued share capital of which 13,889,250 Ordinary Shares are held by Sidebell Limited.

Total Voting Rights

The Company advises that, following the issue of the new Ordinary Shares pursuant to the Exercise, the Company's issued share capital will be 49,483,355 Ordinary Shares all carrying voting rights.

The above figure of 49,483,355 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

Enquiries:

 
                                                   Red24 plc 
                                          Tel: 0203 291 2424 
Simon Richards, Chairman 
 Maldwyn Worsley-Tonks, Chief Executive 
 Officer 
 finnCap                                       Tel: 0207 220 
  Julian Blunt, James Thompson, Corporate               0500 
  Finance 
  Tony Quirke, Corporate Broking 
Yellow Jersey PR Ltd                       Tel: 07768 534641 
 Philip Ranger, Aidan Stanley

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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