Director/PDMR Shareholding

RNS Number : 1207J

RedstoneConnect PLC

06 September 2016

 

For immediate release

6 September 2016

RedstoneConnect Plc

("the Company")

Director(s) Dealings

RedstoneConnect Plc (AIM:REDS), a leading provider of technology and services for smart buildings and commercial spaces, was notified on 6 September 2016 that, on that day, Mark Braund, CEO of the Company, purchased 275,000 ordinary shares at an average price of 1.8459 pence per ordinary share.

Following the transaction, Mr. Braund has a beneficial interest in 14,485,316 ordinary shares representing approximately 0.9% of the issued share capital of the Company.

In addition, the Company was informed on 2 September 2016 that, on that date, Spencer Dredge, CFO of the Company, sold (and his Self-Invested Personal Pension immediately re-bought) 1,392,857 ordinary shares in the Company.  The sale of ordinary shares in Mr. Dredge's own name to his Self-Invested Personal Pension was made at 1.9 pence per ordinary share.

Following this transaction, there has been no change to the total beneficial holding of Mr. Dredge and he continues to be interested in 3,212,652 ordinary shares representing approximately 0.2% of the issued share capital of the Company.

For more information please contact:

RedstoneConnect Plc	via Vigo Communications
Mark Braund (CEO) Spencer Dredge (CFO) www.redstoneconnectplc.com
Cantor Fitzgerald Europe (Nominated Adviser & Joint Broker)	[phone]
Marc Milmo/Phil Davies/Catherine Leftley/Callum Butterfield
Whitman Howard Limited (Joint Broker)	[phone]
Nick Lovering
Vigo Communications (Financial PR Advisers)	[phone]
Jeremy Garcia/Ben Simons/Antonia Pollock [e-mail]

About RedstoneConnect Plc

RedstoneConnect is focused on technologies that make real estate more efficient and businesses more effective. Its businesses, Redstone and Connect IB, provide the infrastructure capabilities and the software applications to deliver smart building and smart workspace solutions for commercial businesses, public sector organisations, real estate owners and managers. Visit our website at www.redstoneconnectplc.com.

 

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