Ridgecrest PLC Grant of Options (5351M)
22 Enero 2021 - 1:00AM
UK Regulatory
TIDMRDGC
RNS Number : 5351M
Ridgecrest PLC
22 January 2021
22 January 2021
Ridgecrest plc
("Ridgecrest" or the "Company")
Grant of Options
Ridgecrest, an AIM Rule 15 cash shell, announces the grant of
options over new ordinary shares of 0.01p each in the Company
("Options").
A total of 5,300,614 Options have been awarded to Robert
Thesiger (Chairman), Philip Holt (Non-Executive Director) and James
Normand (Non-Executive Director).
Name of Director Number of Options Total number of Options
granted now held
Robert Thesiger 2,650,307 2,650,307
------------------ ------------------------
Philip Holt 1,472,393 1,472,393
------------------ ------------------------
James Normand 1,177,914 1,177,914
------------------ ------------------------
The Options have an exercise price of 1.65p per Ordinary Share
which is equivalent to the mid-market closing price of an Ordinary
Share on 20 January 2021. The Options are exercisable from the date
falling 12 months from the date of grant.
The Options granted represent 4.5 per cent of the Company's
current issued share capital.
Robert Thesiger, Chairman of Ridgecrest, said :
"As stated in the announcement of our GBP2m conditional placing
on 20 January 2021, the Board is committed to pursuing acquisition
opportunities with a view to conducting a reverse takeover. We
believe that successfully executing a reverse takeover will deliver
value for our shareholders. As a cash shell we are mindful of
managing cash and costs carefully. To that end, we consider that
these Options are an appropriate way to incentivise the directors
and to align our interests with shareholders."
Further details and the information required in accordance with
the requirements of the Market Abuse (Amendment) (EU exit)
Regulations 2019/310 are set out at the end of this
announcement.
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
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name PDMRs: Robert Thesiger Chairman
Philip Holt Non-Executive
Director
James Normand Non-Executive
Director
-------------------------- -----------------------------------------
2 Reason for the notification
---------------------------------------------------------------------
a) Position/status See 1a) above
-------------------------- -----------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- -----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------
a) Name Ridgecrest Plc
-------------------------- -----------------------------------------
b) LEI 213800VAHEXRNFTPKI12
-------------------------- -----------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
---------------------------------------------------------------------
a) Description of the Options over ordinary shares
financial instrument, of 0.01p each in Ridgecrest Plc
type of instrument Identification code (ISIN) for
Identification code Ridgecrest Plc ordinary shares:
GB0004251970
-------------------------- -----------------------------------------
b) Nature of the transaction Grant of options
-------------------------- -----------------------------------------
c) Price(s) and volume(s) Name Price(s) Volume(s)
Robert Thesiger 1.65p 2,650,307
Philip Holt 1.65p 1,472,393
James Normand 1.65p 1,177,914
-------------------------- -----------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- -----------------------------------------
e) Date of the transactions 21 January 2021
-------------------------- -----------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- -----------------------------------------
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END
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