Crimson Tide PLC PDMR dealing (5562E)

TIDMTIDE

RNS Number : 5562E

Crimson Tide PLC

06 November 2020

6 November 2020

Crimson Tide plc

PDMR dealing

Crimson Tide Plc ("the Company") has been notified today of the following transactions.

Barrie Reginald John Whipp, the Company's Founder and Chairman, has gifted 58,000,000 ordinary shares in the Company to his wife, Helen Bridget Whipp. Mr Whipp has also transferred 400,000 shares into his SIPP.

Following these dealings Mr Whipp personally retains 44,820,132 ordinary shares in the Company of which 4,850,000 are in his SIPP, though his aggregate interest (including shares held by Mr Whipp and persons closely associated with him) remains unchanged at 102,820,132 ordinary shares representing 22.5% of the Company's issued ordinary share capital.

Enquiries:

Crimson Tide plc [phone]

Barrie Whipp / Luke Jeffrey

finnCap Ltd (Nominated Adviser and Broker) [phone]

Corporate Finance: Julian Blunt / James Thompson

Corporate Broking: Andrew Burdis

Alma PR (Financial PR) [phone]

Josh Royston

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                                                      Barrie Whipp 
     --------------------------------------------------------  ------------------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Position/status                                           Chairman 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   Initial notification/ Amendment                           Initial Notification 
     --------------------------------------------------------  ------------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
       or auction monitor 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Name                                                      Crimson Tide plc 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   LEI                                                       213800YUNLNBVYR3G129 
     --------------------------------------------------------  ------------------------------------------------------- 
 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 financial instrument, type of          Ordinary shares of 0.1p each 
      instrument 
 
      Identification code                                        GB0002080082 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   Nature of the transaction                                 Transfer for nil consideration to spouse and transfer 
                                                                to SIPP at 3.5p per share 
     --------------------------------------------------------  ------------------------------------------------------- 
 c)   Price(s) and volume(s)                                     Price(s)   Volume(s) 
                                                                  Nil        58,000,000 shares transferred to spouse 
                                                                              400,000 shares transferred to SIPP 
                                                                   3.5p 
                                                                            ---------------------------------------- 
     --------------------------------------------------------  ------------------------------------------------------- 
 d)    Aggregated information                                    58,400,000 
         *    Aggregated volume                                   GBP14,000 
 
 
         *    Price 
     --------------------------------------------------------  ------------------------------------------------------- 
 e)   Date of the transaction                                   6 November 2020 
     --------------------------------------------------------  ------------------------------------------------------- 
 f)   Place of the transaction                                  Off market transactions 
     --------------------------------------------------------  ------------------------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHUPGPGGUPUGWQ

(END) Dow Jones Newswires

November 06, 2020 08:15 ET (13:15 GMT)