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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Reach4entertainment Enterprises Plc | LSE:R4E | London | Ordinary Share | GB00B1HLCW86 | ORD 0.1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.225 | 0.20 | 0.25 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMR4E
RNS Number : 5586N
Reach4Entertainment Enterprises PLC
26 October 2016
The information contained within this announcement is deemed by the Group to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
26 October 2016
reach4entertainment enterprises plc
('r4e', 'the Company' or 'the Group')
Result of Placing and Director dealing
r4e, the transatlantic media and entertainment company, is pleased to announce the completion of the Placing announced earlier today.
A total of 133,333,334 Placing Shares have been placed at a Placing Price of 1.5p, raising a total of GBP2,000,000 before expenses. The Placing Shares will represent 21.75% of the enlarged issued share capital of the Company.
The Company also announces that the following Directors and substantial shareholders have participated in the Placing:
Hot Features
Premium
Number Number Number Percentage
of Ordinary of Placing of Ordinary of Enlarged
Shares Shares Shares Share
held prior purchased held Capital
Director / substantial to Placing following
shareholder Admission
David Stoller 23,927,358 6,652,566 30,579,924 4.99%
Nigel Wray 124,900,000 34,726,170 159,626,170 26.04%
Gate Ventures plc 91,150,000 25,342,598 116,492,598 19.01%
Herald Investment
Management Limited 67,325,000 18,718,490 86,043,490 14.04%
Stephen Hemsley 17,500,000 4,865,556 22,365,556 3.65%
In addition, certain persons discharging managerial responsibilities have acquired Ordinary Shares in the Placing as set out in the tables below.
Related party transaction
As David Stoller (being a director of the Company) and Nigel Wray, Gate Ventures plc and Herald Investment Management Limited (substantial shareholders of r4e) are participating in the Placing, their participation in the Placing is considered to be a related party transaction as described in the AIM Rules. The Directors (with the exception of David Stoller), who have consulted with Allenby Capital Limited in its capacity as Nominated Adviser to the Company, consider the Placing to be fair and reasonable insofar as shareholders of the Company are concerned.
Admission and total voting rights
Application has been made to the London Stock Exchange for the Placing Shares to be admitted to trading on AIM. It is expected that Admission will become effective and that dealings in the Placing Shares on AIM will commence on 01 November 2016.
The Placing is conditional, among other things, upon Admission becoming effective. Following Admission, the issued share capital of the Company will comprise 612,894,792 Ordinary Shares with one voting right per share. The Company does not hold any shares in treasury. Therefore, the total number of ordinary shares and voting rights in the Company will be 612,894,792. The above figure may be used by shareholders in the Company 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, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
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 David Stoller
--- -------------------------- -------------------------------
2 Reason for the notification
--- -----------------------------------------------------------
a) Position/status Acting CEO/Chairman
--- -------------------------- -------------------------------
b) Initial notification Initial notification
/Amendment
--- -------------------------- -------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- -----------------------------------------------------------
a) Name reach4entertaiment Enterprises
plc
--- -------------------------- -------------------------------
b) LEI n/a
--- -------------------------- -------------------------------
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 Ordinary shares of 0.5p
financial instrument, each in reach4entertainment
type of instrument Enterprises plc
Identification code
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 6,652,566
--------- ----------
--- -------------------------- -------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
--- -------------------------- -------------------------------
e) Date of the transaction 26 October 2016
--- -------------------------- -------------------------------
f) Place of the transaction Outside of trading venue
--- -------------------------- -------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- -----------------------------------------------------------
a) Name Linzi Allen
--- -------------------------- -------------------------------
2 Reason for the notification
--- -----------------------------------------------------------
a) Position/status Group Finance Director
--- -------------------------- -------------------------------
b) Initial notification Initial notification
/Amendment
--- -------------------------- -------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- -----------------------------------------------------------
a) Name reach4entertaiment Enterprises
plc
--- -------------------------- -------------------------------
b) LEI n/a
--- -------------------------- -------------------------------
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 Ordinary shares of 0.5p
financial instrument, each in reach4entertainment
type of instrument Enterprises plc
Identification code
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 130,000
--------- ----------
--- -------------------------- -------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
--- -------------------------- -------------------------------
e) Date of the transaction 26 October 2016
--- -------------------------- -------------------------------
f) Place of the transaction Outside of trading venue
--- -------------------------- -------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- -----------------------------------------------------------
a) Name Simon Shimell
--- -------------------------- -------------------------------
2 Reason for the notification
--- -----------------------------------------------------------
a) Position/status Dewynters Finance Director
--- -------------------------- -------------------------------
b) Initial notification Initial notification
/Amendment
--- -------------------------- -------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- -----------------------------------------------------------
a) Name reach4entertaiment Enterprises
plc
--- -------------------------- -------------------------------
b) LEI n/a
--- -------------------------- -------------------------------
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 Ordinary shares of 0.5p
financial instrument, each in reach4entertainment
type of instrument Enterprises plc
Identification code
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 660,000
--------- ----------
--- -------------------------- -------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
--- -------------------------- -------------------------------
e) Date of the transaction 26 October 2016
--- -------------------------- -------------------------------
f) Place of the transaction Outside of trading venue
--- -------------------------- -------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- -----------------------------------------------------------
a) Name Lawrence Osborne
--- -------------------------- -------------------------------
2 Reason for the notification
--- -----------------------------------------------------------
a) Position/status Creative Director
--- -------------------------- -------------------------------
b) Initial notification Initial notification
/Amendment
--- -------------------------- -------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- -----------------------------------------------------------
a) Name reach4entertaiment Enterprises
plc
--- -------------------------- -------------------------------
b) LEI n/a
--- -------------------------- -------------------------------
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 Ordinary shares of 0.5p
financial instrument, each in reach4entertainment
type of instrument Enterprises plc
Identification code
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 130,000
--------- ----------
--- -------------------------- -------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
--- -------------------------- -------------------------------
e) Date of the transaction 26 October 2016
--- -------------------------- -------------------------------
f) Place of the transaction Outside of trading venue
--- -------------------------- -------------------------------
All defined terms in this announcement shall have the same meaning as defined in the Company's announcement dated 26 October 2016 under RNS number 5240N, unless otherwise defined herein.
Enquiries:
reach4entertainment enterprises
plc
+44 (0) 20 7968
David Stoller, Executive Chairman 1655
Allenby Capital (Nominated Adviser +44 (0) 20 3328
and Broker) 5656
Jeremy Porter/James Reeve (Corporate
Finance)
Katrina Perez/Kelly Gardiner
Novella Communications (Financial +44 (0) 20 3151
PR) 7008
Tim Robertson
Toby Andrews
This information is provided by RNS
The company news service from the London Stock Exchange
END
IOEBLBDGLXDBGLL
(END) Dow Jones Newswires
October 26, 2016 12:38 ET (16:38 GMT)
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