Reach4Entertainment Enterprises PLC Issue of equity, PDMR dealing and TVR (5383S)
December 21 2016 - 12:18PM
UK Regulatory
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
+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
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