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20 Jun 2012 16:03
red24 plc
Employee share subscription
red24 is pleased to announce that, following the announcement of its final results for the year ended 31 March 2012, nineteen employees have, in aggregate, subscribed for, new ordinary shares of 1p each in the Company, under its employee share loan scheme. Under the terms of the scheme, these have been issued at a price of 12.5p per share. This raises employee participation in Red24 to 35% of the workforce.
Application has been made to the London Stock Exchange for admission of the 255,000 new ordinary shares to be admitted to trading on AIM. Admission of the 255,000 new ordinary shares is expected to occur on 21 June 2012.
For the purposes of the Disclosure and Transparency Rules, red24's total issued share capital following the issue of these shares consists of 48,983,355 ordinary shares of 1 penny each.
The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, red24, under the Disclosure and Transparency Rules.
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red24plc Simon Richards Maldwyn Worsley-Tonks
| 020 3291 2424 |
Seymour Pierce Corporate Finance: Mark Percy Corporate Broking: Jacqui Briscoe | 020 7107 8000 |
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