REG - Crimson Tide PLC - Director/PDMR Shareholding <Origin Href="QuoteRef">CTID.L</Origin>

Crimson TideAnnouncement

18/11/2016 09:50

RNS Number : 5209P
Crimson Tide PLC
18 November 2016
CRIMSON TIDE PLC
("Crimson Tide" or "the Company")
Exercise of Options
Crimson Tide announces that certain of its directors yesterday exercised options over 6,000,000 ordinary shares of 0.1p each in the Company ("Ordinary Shares") under the Company's EMI Share Option Scheme.
On 17 November 2016 Steve Goodwin, Finance Director, exercised options over 5,000,000 Ordinary Shares at an exercise price of 1.5p per share. Following the exercise, Mr Goodwin holds 30,611,484 Ordinary Shares and also has an interest as a trustee in 9,150,000 Ordinary Shares, representing, in aggregate, 8.77% of the issued share capital.
On 17 November 2016 Luke Jeffrey, Technical Director, exercised options over 1,000,000 Ordinary Shares at an exercise price of 1.5p per share. Following the exercise, Mr Jeffrey holds 1,061,890 Ordinary Shares, or 0.23% 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 6,000,000 shares to be admitted to AIM and admission is expected to take place on or around 24 November 2016.
The total number of shares in issue following the issue of these shares will be 453,486,234. 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
James Bavister 
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
Steve Goodwin
2
Reason for the notification
a)
Position/status
Finance 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
N/A
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)
1.5p
5,000,000
d)
Aggregated information
- Aggregated volume
- Price
5,000,000
1.5p
e)
Date of the transaction
17 November 2016
f)
Place of the transaction
London Stock Exchange, AIM
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Luke Jeffrey
2
Reason for the notification
a)
Position/status
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
N/A
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)
1.5p
1,000,000
d)
Aggregated information
- Aggregated volume
- Price
1,000,000
1.5p
e)
Date of the transaction
17 November 2016
f)
Place of the transaction
London Stock Exchange, AIM

This information is provided by RNS
The company news service from the London Stock Exchange
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