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
+44 1892 542444
Barrie Whipp / Luke Jeffrey
finnCap Ltd (Nominated Adviser and Broker)
+44 20 7220 0500
Corporate Finance: Julian Blunt / James Thompson
Corporate Broking: Andrew Burdis
Alma PR
(Financial PR) +44 7780 901979
Josh Royston
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
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1
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Details of the person discharging managerial responsibilities/person closely associated
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a)
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Name
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Barrie Whipp
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2
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Reason for the notification
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a)
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Position/status
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Chairman
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b)
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Initial notification/ Amendment
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Initial Notification
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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Crimson Tide plc
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b)
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LEI
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213800YUNLNBVYR3G129
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4
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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
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a)
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Description of the financial instrument, type of instrument
Identification code
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Ordinary shares of 0.1p each
GB0002080082
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b)
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Nature of the transaction
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Transfer for nil consideration to spouse and transfer to SIPP at 3.5p per share
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c)
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Price(s) and volume(s)
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Price(s)
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Volume(s)
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Nil
3.5p
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58,000,000 shares transferred to spouse
400,000 shares transferred to SIPP
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d)
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Aggregated information
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Aggregated volume
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Price
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58,400,000
£14,000
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e)
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Date of the transaction
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6 November 2020
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f)
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Place of the transaction
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Off market transactions
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