Ridgecrest PLC Grant of options (1126Q)
February 24 2021 - 1:00AM
UK Regulatory
TIDMRDGC
RNS Number : 1126Q
Ridgecrest PLC
24 February 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 15,000,000 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 7,500,000 10,150,307
------------------ ------------------------
Philip Holt 4,166,667 5,639,060
------------------ ------------------------
James Normand 3,333,333 4,511,247
------------------ ------------------------
The Options have an exercise price of 1.8p per Ordinary Share
which is equivalent to the mid-market closing price of an Ordinary
Share on 22 February 2021. The Options are exercisable from the
date falling 12 months from the date of grant.
The Options granted represent 3.3 per cent of the Company's
current issued share capital.
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
type of instrument Plc
Identification code Identification code (ISIN) for
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 1.8p 7,500,000
Philip Holt 1.8p 4,166,667
James Normand 1.8p 3,333,333
-------------------------- -----------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- -----------------------------------------
e) Date of the transactions 23 February 2021
-------------------------- -----------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- -----------------------------------------
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END
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