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R4E Reach4entertainment Enterprises Plc

0.225
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
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

Reach4Entertainment Enterprises PLC Grant of Options (2434S)

08/03/2019 7:00am

UK Regulatory


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TIDMR4E

RNS Number : 2434S

Reach4Entertainment Enterprises PLC

08 March 2019

8 March 2019

reach4entertainment enterprises plc

("r4e" or "the Company" or "the Group")

Grant of Options

reach4entertainment enterprises plc, the entertainment marketing communications group, announces that it has made a grant of options under its employee share incentive scheme, the reach4entertainment enterprises plc 2016 Long Term Incentive Plan ("the scheme").

The Board recognises the importance of retaining and incentivising employees and therefore has granted options to the CEO Marc Boyan, four PDMR's and one other employee. A total of 11,829,924 options have been granted over the Company's ordinary shares of 0.05 pence each ("Options" and "Ordinary Shares" respectively) which represents approximately 1.18 per cent of the current issued ordinary share capital of the Company.

 
                    Position    New Options   No. Options 
                                 Granted       post Grant 
 Marc Boyan1        CEO         4,329,924     128,965,883 
                   ----------  ------------  ------------ 
 Paul Summers       PDMR        2,000,000     2,000,000 
                   ----------  ------------  ------------ 
 Simon Shimell      PDMR        500,000       2,000,000 
                   ----------  ------------  ------------ 
 Selby Ladd         PDMR        2,000,000     2,000,000 
                   ----------  ------------  ------------ 
 Stephen Santore    PDMR        2,000,000     2,000,000 
                   ----------  ------------  ------------ 
 

(1) Marc Boyan's placing participation is being undertaken through Miroma r4e Holdings Limited, a company wholly owned by Miroma Holdings Limited, a company of which Marc Boyan is a director and controlling shareholder.

The Options, all of which are exercisable at 1.2 pence per Ordinary Share, vest on varying dates subject to employees remaining in employment until specified future dates and certain share price performance targets as previously disclosed to the market. See links to these disclosures below. The Options expire on 27 February 2025.

Performance conditions for Marc Boyan as previously disclosed:

https://www.r4e.com/pdfs/announcements/21-Dec-2017-Director-&-PDMR-Shareholdings-and-Grant-of-Options.pdf

 
 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                     Initial 
        /Amendment 
      ---------------------------------------  -------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------------------- 
 a)    Name                                     reach4entertainment 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                       Ordinary shares of 0.005p each 
        financial instrument, 
        type of instrument 
 
       Identification code                      GB00B1HLCW86 
 
 b)    Nature of the transaction                Grant of options over ordinary shares 
      ---------------------------------------  -------------------------------------------- 
 c)    Price(s) and volume(s) 
                                                --------------------  ------------------- 
                                                 Price(s)              Volume(s) 
                                                --------------------  ------------------- 
    GBP0.012                                                           4,329,924 
   -----------------------------------------------------------------  ------------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                      4,329,924 
 
  - Price                                  GBP0.012 
 
 e)    Date of the transaction                  7 March 2019 
      ---------------------------------------  -------------------------------------------- 
 f)    Place of the transaction                 Outside of a trading venue 
      ---------------------------------------  -------------------------------------------- 
 

Performance conditions for PDMR's as previously disclosed:

https://www.r4e.com/pdfs/announcements/2016-03-04-grant-of-options.pdf

 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                     Paul Summers 
      ---------------------------------------  -------------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------------- 
 a)    Position/status                          COO (PDMR) 
      ---------------------------------------  -------------------------------------------- 
 b)    Initial notification                     Initial 
        /Amendment 
      ---------------------------------------  -------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------------------- 
 a)    Name                                     reach4entertainment 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                       Ordinary shares of 0.005p each 
        financial instrument, 
        type of instrument 
 
       Identification code                      GB00B1HLCW86 
 
 b)    Nature of the transaction                Grant of options over ordinary shares 
      ---------------------------------------  -------------------------------------------- 
 c)    Price(s) and volume(s) 
                                                --------------------  ------------------- 
                                                 Price(s)              Volume(s) 
                                                --------------------  ------------------- 
    GBP0.012                                                           2,000,000 
   -----------------------------------------------------------------  ------------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                      2,000,000 
 
  - Price                                  GBP0.012 
 
 e)    Date of the transaction                  7 March 2019 
      ---------------------------------------  -------------------------------------------- 
 f)    Place of the transaction                 Outside of a 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 (PDMR) 
      ---------------------------------------  -------------------------------------------- 
 b)    Initial notification                     Initial 
        /Amendment 
      ---------------------------------------  -------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------------------- 
 a)    Name                                     reach4entertainment 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                       Ordinary shares of 0.005p each 
        financial instrument, 
        type of instrument 
 
       Identification code                      GB00B1HLCW86 
 
 b)    Nature of the transaction                Grant of options over ordinary shares 
      ---------------------------------------  -------------------------------------------- 
 c)    Price(s) and volume(s) 
                                                --------------------  ------------------- 
                                                 Price(s)              Volume(s) 
                                                --------------------  ------------------- 
    GBP0.012                                                           500,000 
   -----------------------------------------------------------------  ------------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                      500,000 
 
  - Price                                  GBP0.012 
 
 e)    Date of the transaction                  7 March 2019 
      ---------------------------------------  -------------------------------------------- 
 f)    Place of the transaction                 Outside of a trading venue 
      ---------------------------------------  -------------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                     Shelby Ladd 
      ---------------------------------------  -------------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------------- 
 a)    Position/status                          SpotCo Managing Director (PDMR) 
      ---------------------------------------  -------------------------------------------- 
 b)    Initial notification                     Initial 
        /Amendment 
      ---------------------------------------  -------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------------------- 
 a)    Name                                     reach4entertainment 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                       Ordinary shares of 0.005p each 
        financial instrument, 
        type of instrument 
 
       Identification code                      GB00B1HLCW86 
 
 b)    Nature of the transaction                Grant of options over ordinary shares 
      ---------------------------------------  -------------------------------------------- 
 c)    Price(s) and volume(s) 
                                                --------------------  ------------------- 
                                                 Price(s)              Volume(s) 
                                                --------------------  ------------------- 
    GBP0.012                                                           2,000,000 
   -----------------------------------------------------------------  ------------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                      2,000,000 
 
  - Price                                  GBP0.012 
 
 e)    Date of the transaction                  7 March 2019 
      ---------------------------------------  -------------------------------------------- 
 f)    Place of the transaction                 Outside of a trading venue 
      ---------------------------------------  -------------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                     Stephen Santore 
      ---------------------------------------  -------------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------------- 
 a)    Position/status                          SpotCo Managing Director (PDMR) 
      ---------------------------------------  -------------------------------------------- 
 b)    Initial notification                     Initial 
        /Amendment 
      ---------------------------------------  -------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------------------- 
 a)    Name                                     reach4entertainment 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                       Ordinary shares of 0.005p each 
        financial instrument, 
        type of instrument 
 
       Identification code                      GB00B1HLCW86 
 
 b)    Nature of the transaction                Grant of options over ordinary shares 
      ---------------------------------------  -------------------------------------------- 
 c)    Price(s) and volume(s) 
                                                --------------------  ------------------- 
                                                 Price(s)              Volume(s) 
                                                --------------------  ------------------- 
    GBP0.012                                                           2,000,000 
   -----------------------------------------------------------------  ------------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                      2,000,000 
 
  - Price                                  GBP0.012 
 
 e)    Date of the transaction                  7 March 2019 
      ---------------------------------------  -------------------------------------------- 
 f)    Place of the transaction                 Outside of a trading venue 
      ---------------------------------------  -------------------------------------------- 
 

For information, please contact:

 
 reach4entertainment enterprises   Phone: +44 (0)20 7968 1655 
  plc 
  Marc Boyan, CEO 
  Paul Summers, COO 
 
 Yellow Jersey PR                  Phone: +44 (0)7747 788 221 / +44 
                                    (0)7544 275 882 
 Charles Goodwin                   Email: r4e@yellowjerseypr.com 
 Harriet Jackson 
 
 
 Grant Thornton, NOMAD             Phone: +44 (0)20 7383 5100 
 Philip Secrett 
 Jen Clarke 
 Seamus Fricker 
 
 Dowgate Capital, Broker           Phone: +44 (0)20 3903 7715 
 James Serjeant 
 David Poutney 
 
 

Notes to Editors

reach4entertainment enterprises plc ("r4e") operates a collection of theatrical, film and live entertainment marketing, PR, advertising and display agencies, across the world. The Company uses its extensive experience in the live entertainments space to create value through investing in innovative and established agencies that provide communications services to a range of clients involved with theatre, film, concerts and more.

For further information on r4e you are invited to visit the Company's website at www.r4e.com.

Spot and Company of Manhattan, INC.

A global leading full-service arts and live entertainment advertising and marketing agency. In an ever-changing media landscape, it stays ahead of the curve with a mix of bold positioning through interactive, broadcast, environmental and print campaigns.

https://www.spotnyc.com

Dewynters Limited

A leading independent arts, events and live entertainment marketing specialist. The agency's work in theatre, museums, attractions, sport and music is seen right across the globe.

http://www.dewynters.com

Newman Displays Limited

The UK's leading large-scale outdoor signage, front of house, marquee display and installation company. Clients include major West End theatre productions, leading film companies, cinemas and major global events.

http://www.newman-displays.com

Wake the Bear Limited

A marketing communications agency that supports businesses to invent, reposition and regenerate their brands in order to grow. The agency carries out brand strategy, communications planning and end-to-end activation.

http://wakethebear.co.uk

Story House PR Limited

A new public relations agency for the theatre and live entertainment industries, operating in the UK and internationally. The agency crafts engaging campaigns for audiences, driven by strategy: the right channel, at the right time, with the right message. Fully integrating PR with paid media and social, ensuring all elements of a campaign are working together, Story House collaborates with its clients to ensure its work is dedicated to realising their ambitions.

www.storyhousepr.co.uk

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

March 08, 2019 02:00 ET (07:00 GMT)

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