Ridgecrest PLC Grant of options (1126Q)

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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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February 24, 2021 02:00 ET (07:00 GMT)