Exercise of Options

RNS Number : 5157Z

Crimson Tide PLC

15 December 2017

 

CRIMSON TIDE PLC

 ("Crimson Tide" or "the Company")

Exercise of Options

Crimson Tide announces that  it was notified on 13 December that one of its directors exercised options over 1,000,000 ordinary shares of 0.1p each in the Company ("Ordinary Shares") under the Company's EMI Share Option Scheme.

On 13 December 2017 Luke Jeffrey, Deputy CEO and Technical Director, exercised options over 1,000,000 Ordinary Shares at an exercise price of 1p per share.  Following the exercise, Mr Jeffrey holds 2,000,000 Ordinary Shares, or 0.44% of the issued share capital.

The new Ordinary Shares issued pursuant to the exercise of options will rank pari passu with the existing Crimson Tide Ordinary Shares. Application has been made for the 1,000,000 shares to be admitted to AIM and admission is expected to take place on or around 21 December 2017.

The total number of shares in issue following the issue of these shares will be 454,486,234. Crimson Tide has no shares in Treasury, therefore this figure may be used by Shareholders, from Admission, as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's  Disclosure and Transparency Rules.

Crimson Tide plc

 Barrie Whipp                             01892 542 444

 Steve Goodwin

W.H. Ireland Limited

 James Joyce /                           020 7220 1666

 Alex Bond   

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	Luke Jeffrey
2	Reason for the notification
a)	Position/status	Deputy CEO and Technical Director, Crimson Tide plc
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 instrument Identification code	Ordinary shares of 0.1p each GB0002080082
b)	Nature of the transaction	Exercise of share options
c)	Price(s) and volume(s)	Price(s) Volume(s)  1p 1,000,000
d)	Aggregated information -     Aggregated volume -     Price	1,000,000 1p
e)	Date of the transaction	13 December 2017
f)	Place of the transaction	London Stock Exchange, AIM

 

END

 

 

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