NAK Nakama Group Plc

TIDMRDGC

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 
 

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January 20, 2021 08:05 ET (13:05 GMT)

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