Business
Exercise of Options
Exercise of Options.
About this update from Crimson Tide Plc
[{"type":"text","content":"\n \nRNS Number : 5157Z Crimson Tide PLC 15 December 2017 \n\n \nCRIMSON TIDE PLC\n (\"Crimson Tide\" or \"the Company\")\n \nExercise of Options\n \nCrimson 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.\n \nOn 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.\n \nThe 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.\n \nThe 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.\n \n \nCrimson Tide plc\n Barrie Whipp 01892 542 444\n Steve Goodwin\n \nW.H. Ireland Limited\n James Joyce / 020 7220 1666\n Alex Bond \n \n \nNOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM\n\n\n\n\n1 \n\n\nDetails of the person discharging managerial responsibilities/person closely associated \n\n\n\n\na)\n\n\nName\n\n\nLuke Jeffrey\n\n\n\n\n2 \n\n\nReason for the notification \n\n\n\n\na)\n\n\nPosition/status\n\n\nDeputy CEO and Technical Director, Cr...