Reach4Entertainment Enterprises PLC Issue of equity, PDMR dealing and TVR (5383S)

TIDMR4E

RNS Number : 5383S

Reach4Entertainment Enterprises PLC

21 December 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").

21 December 2016

reach4entertainment enterprises plc

('r4e', 'the Company' or 'the Group')

Issue of equity, PDMR shareholding and total voting rights

r4e, the transatlantic media and entertainment company, announces the issue of new ordinary shares of 0.5p each in the Company ("Ordinary Shares").

The Company has today issued 2,097,879 Ordinary Shares (the "New Shares") to Michael Hildebrandt, CEO of Dewynters GmBH ("Dewynters Germany"), the Group's German subsidiary, in accordance with the terms of his service agreement, as part of his remuneration package. The New Shares have been issued at a price of 2p per New Share. Application has been made for the New Shares to be admitted to trading on AIM ("Admission") and it is anticipated that Admission will occur on or around 29 December 2016.

David Stoller, Executive Chairman of the Company, commented:

'We are excited by the opportunity available to us in Germany. Having Michael at the helm, with his considerable knowledge of the market, positions us to be very successful in Germany.'

PDMR shareholding

Following the issue of the New Shares, Michael Hildenbrandt now has an interest in 2,097,879 Ordinary Shares, equivalent to 0.33% of the Company's total issued share capital, as enlarged by Admission.

Total voting rights

Following Admission, the Company's issued share capital will comprise 614,992,671 Ordinary Shares, with one voting right per share. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares and voting rights in the Company is 614,992,671.

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                         Michael Hildebrandt 
---  ---------------------------  ------------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------------ 
 a)   Position/status              CEO, Dewynters GmBH 
---  ---------------------------  ------------------------------- 
 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               Ordinary shares of 0.5p 
       the financial instrument,    each in reach4entertainment 
       type of instrument           Enterprises plc 
 
       Identification               Identification code (ISIN) 
       code                         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) 
                                    ---------  ---------- 
                                     2p         2,097,879 
                                    ---------  ---------- 
---  ---------------------------  ------------------------------- 
 d)   Aggregated information       N/A 
       - Aggregated volume 
       - Price 
---  ---------------------------  ------------------------------- 
 e)   Date of the transaction      20 December 2016 
---  ---------------------------  ------------------------------- 
 f)   Place of the transaction     Outside of trading venue 
---  ---------------------------  ------------------------------- 
 

Enquiries:

 
 reach4entertainment enterprises 
  plc 
                                         [phone] 
 David Stoller, Executive Chairman        1655 
 
   Allenby Capital (Nominated Adviser    [phone] 
   and Broker)                            5656 
 Jeremy Porter/James Reeve (Corporate 
  Finance) 
 Katrina Perez/Kelly Gardiner 
 
   Novella Communications (Financial     [phone] 
   PR)                                    7008 
 Tim Robertson 
  Toby Andrews 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCBRBDDUBDBGLB

(END) Dow Jones Newswires

December 21, 2016 12:18 ET (17:18 GMT)