24 September 2024

Ridgecrest plc (in Members' Voluntary Liquidation)

("Ridgecrest" or the "Company")

Result of General Meeting

The Company announces that at the General Meeting of the Company held on Friday 20 September 2024, for the purpose of considering placing the Company into Members' Voluntary Liquidation ("MVL"), or solvent liquidation, all resolutions, as included in the notice of the meeting, were duly passed.

Accordingly, the Company is now in MVL and Heath Sinclair and Christine Bartlett of Richard Long & Co have been appointed as Joint Liquidators. The Joint Liquidators will shortly write to all registered shareholders to notify them of the outcome of the meeting. The Company's registered office is being changed to c/o Richard Long & Co, Castlegate House, 36 Castle Street, Hertford, Hertfordshire, SG14 1HH.

The Joint Liquidators intend to make a distribution to registered shareholders of the Company's shareholding in Acuity RM Group plc (LSE:ACRM) and there may be a residual nominal amount of cash. In the interests of minimising administrative costs, cash payments will not be made to registered shareholders whose entitlement is less than £10.

The distribution will not be made until the Joint Liquidators have completed their statutory duties to adjudicate and pay creditors' claims and are satisfied that all tax returns have been filed and all amounts, if any, owing to HM Revenue and Customs have been paid.

The precise timing of the distribution cannot yet be determined, although it is hoped a first and final distribution can take place within the next 6-12 months. During this period the Company will not trade and so will not incur any running costs outside of those necessary for the conduct of the liquidation.

Once the administration of the MVL is concluded (i.e. all creditor claims discharged, liquidation costs and expenses paid and all remaining funds distributed to registered shareholders), the Joint Liquidators will prepare a Final Account which will be sent to registered shareholders giving eight weeks' notice of the date upon which the Joint Liquidators intend to deliver the Final Account to the Registrar of Companies. It is usual to expect that the Company will be dissolved on the expiry of around three months following the filing of the Final Account with the Registrar of Companies.