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13 Apr 2011 07:00
red24 PLC
Trading statement
red24 is pleased to announce that, for the year ended 31 March 2011, profit before tax will be in line with market expectations, despite the effects of adverse currency movements. The improved trading is partly due to the recent disturbances in the Middle East, which have led to an increase in the amount of operational response work. The Company will, as usual, announce its full year results in June.
The Company is also pleased to announce that, under its employee share loan scheme, eleven employees have in aggregate, subscribed for 337,272 new ordinary shares of 1p each in the Company. Under the terms of the scheme, these have been issued at a price of 11p per share.
Application will be made to the London Stock Exchange for admission of the 337,272 new ordinary shares to be admitted to trading on AIM. Admission is expected to occur on 19 April 2011.
For the purposes of the Disclosure and Transparency Rules, red24's total issued share capital following the issue of these shares consists of 48,728,355 ordinary shares of 1p 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.
---ENDS---
red24plc Simon Richards Maldwyn Worsley-Tonks
| 020 3291 2424 |
Threadneedle Communications Josh Royston / Graham Herring
| 020 7653 9850 |
Seymour Pierce Corporate Finance: Mark Percy Corporate Broking: Jeremy Stephenson | 020 7107 8000 |
red24 is a provider of a range of security assistance services, offering risk management, preventative and reactive advice to help individuals and organisations to avoid and manage security risks to themselves, their families and their organisations. The services are supplied to leading international financial service companies.
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