Information  X 
Enter a valid email address

Reach4Entertainment (R4E)

  Print      Mail a friend

Tuesday 13 February, 2018

Reach4Entertainment

Completion of vendor placing and director holding

RNS Number : 7902E
Reach4Entertainment Enterprises PLC
13 February 2018
 

Prior to publication, the information contained within this announcement was deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). With the publication of this announcement, this information is now considered to be in the public domain.

Not for publication, distribution or release directly or indirectly, in whole or in part, into or in the United States, Australia, Canada, Japan, the Republic of South Africa or any other jurisdiction in which offers for sale would be prohibited by applicable law.

This announcement is not an offer to sell or a solicitation to buy securities in any jurisdiction, including the United States, Australia, Canada, Japan or the Republic of South Africa. Neither this announcement nor anything contained herein shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever in any jurisdiction.

 

13 February 2018

 

reach4entertainment enterprises plc

("r4e" or the "Company")

 

Completion of vendor placing

and change in director shareholding

 

Further to the announcement made earlier today titled 'Proposed vendor placing', the Company announces that the accelerated bookbuild referred to therein has now closed and has been successful.

 

236,306,668 ordinary shares in the Company have been sold by Gate Ventures plc through a placing conducted by Allenby Capital Limited (the "Placing"), at a price of 1.5 pence per ordinary share (the "Placing Price"). The Placing shares have been placed out to new and existing shareholders of the Company, including strategic investors and Miroma r4e Holdings Limited, a company controlled by r4e's CEO.

 

Following completion of the Placing, Gate Ventures plc (of which Lord Michael Grade, Chairman of the Company, is Chairman) no longer holds any ordinary shares in the Company.

 

Directors' participation in the Placing

 

Miroma r4e Holdings Limited, a company wholly owned by Miroma Holdings Limited, of which Marc Boyan, CEO of r4e, is a director and the controlling shareholder, has subscribed for 10,000,000 shares in the Placing at the Placing Price.  Marc Boyan, through Miroma r4e Holdings Limited, therefore now has an interest in 123,333,336 ordinary shares in the Company, representing approximately 12.28 per cent. of the Company's issued share capital.

 

Enquiries:

reach4entertainment enterprises plc

 

Marc Boyan, Chief Executive Officer 

 

+44 (0) 20 7968 1655

Allenby Capital (Nominated Adviser and Broker)

+44 (0) 20 3328 5656

Jeremy Porter/James Reeve

 

 

 Novella Communications (Financial PR)

+44 (0) 20 3151 7008

Tim Robertson/Toby Andrews

 

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Marc Boyan

 

2

Reason for the notification

a)

Position/status

Chief Executive Officer

 

b) 

Initial notification /Amendment

Initial notification

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

reach4entertaiment enterprises plc

 

b)

LEI

213800JHWWJD1PKYGS67

 

4

 

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

a) 

Description of the financial instrument, type of instrument

 

Identification code

Ordinary shares of 0.5p each in reach4entertainment enterprises plc

 

Identification code (ISIN) for reach4entertainment enterprises plc ordinary shares: GB00B1HLCW86

b)

Nature of the transaction

Purchase of shares

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

1.5p

10,000,000

 

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

13 February 2018

 

f)

Place of the transaction

London Stock Exchange, AIM (XLON)

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCGGUQGPUPRGQW

a d v e r t i s e m e n t