TIDMR4E

RNS Number : 2520R

Reach4Entertainment Enterprises PLC

07 December 2016

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
-------------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                      reach4entertainment enterprises 
  the underlying issuer                                                                        plc 
  of existing shares to which 
  voting rights are 
  attached: 
-------------------------------------------------------------  ----------------------------------- 
 2 Reason for the notification (please tick the appropriate 
  box or boxes): 
-------------------------------------------------------------------------------------------------- 
 An acquisition or disposal of voting rights                                      X 
----------------------------------------------------------------  -------------------------------- 
 An acquisition or disposal of qualifying financial 
  instruments which may result in the acquisition 
  of shares already issued to which voting rights 
  are attached 
----------------------------------------------------------------  -------------------------------- 
 An acquisition or disposal of instruments with 
  similar economic effect to qualifying financial 
  instruments 
----------------------------------------------------------------  -------------------------------- 
 An event changing the breakdown of voting rights 
----------------------------------------------------------------  -------------------------------- 
 Other (please 
  specify): 
---------------------------------------------------------  -----  -------------------------------- 
 3. Full name of person(s)                                                       Gate Ventures plc 
  subject to the 
  notification obligation: 
-----------------------------------------------------------  ------------------------------------- 
 4. Full name of shareholder(s)                                                   Jim Nominees Ltd 
  (if different from 3.): 
-----------------------------------------------------------  ------------------------------------- 
 5. Date of the transaction                                                        7 December 2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: 
-----------------------------------------------------------  ------------------------------------- 
 6. Date on which issuer                                                           7 December 2016 
  notified: 
-----------------------------------------------------------  ------------------------------------- 
 7. Threshold(s) that is/are                                                             Above 24% 
  crossed or 
  reached: 
-----------------------------------------------------------  ------------------------------------- 
 
 
 
 8. Notified details: 
------------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares 
------------------------------------------------------------------------------------------------------------------------- 
 Class/type      Situation                         Resulting situation after the 
  of              previous                          triggering transaction 
  shares          to the triggering 
                  transaction 
  if possible 
  using 
  the ISIN 
  CODE 
--------------  --------------------------------  ----------------------------------------------------------------------- 
                 Number            Number          Number          Number of voting              % of voting 
                  of                of              of shares       rights                        rights 
                  Shares            Voting 
                                    Rights 
--------------  ----------------  --------------  --------------  ----------------------------  ------------------------- 
                                                   Direct          Direct          Indirect      Direct        Indirect 
--------------      ------------    ------------  --------------  --------------  ------------  ------------  ----------- 
 
  GB00B1HLCW86   146,000,000       23.82%          147,200,000     147,200,000     0             24.02%        0% 
                ----------------  --------------  --------------  --------------  ------------  ------------  ----------- 
 
 B: Qualifying Financial Instruments 
------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------------- 
 Type of financial   Expiration      Exercise/                       Number of voting                % of voting 
  instrument          date            Conversion                      rights that                     rights 
                                      Period                          may be 
                                                                      acquired if 
                                                                      the 
                                                                      instrument 
                                                                      is 
                                                                      exercised/ 
                                                                      converted. 
------------------  --------------  ------------------------------  ------------------------------  --------------------- 
 None 
------------------  --------------  ------------------------------  ------------------------------  --------------------- 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments 
------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------------- 
 Type of           Exercise        Expiration      Exercise/       Number of voting                % of voting 
 financial          price          date            Conversion       rights instrument               rights 
 instrument                                        period           refers to 
----------------  --------------  --------------  --------------  ------------------------------  ----------------------- 
 None                                                                                              Nominal       Delta 
----------------  --------------  --------------  --------------  ------------------------------  ------------  --------- 
 
 
 Total (A+B+C) 
------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                             Percentage of voting rights 
--------------------------------------------------  --------------------------------------------------------------------- 
 147,200,000                                         24.02% 
--------------------------------------------------  --------------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
---------------------------------------------------------------------------- 
 
 
 Proxy Voting: 
---------------------------------------------------------------------------- 
 10. Name of the proxy holder:                                           N/A 
-------------------------------------------------------  ------------------- 
 11. Number of voting rights proxy                                       N/A 
  holder will cease to hold: 
-------------------------------------------------------  ------------------- 
 12. Date on which proxy holder will                                     N/A 
  cease to hold voting rights: 
-------------------------------------------------------  ------------------- 
 
 
  13. Additional information: 
-------------------------------------------------------  ------------------- 
 14. Contact name:                                        Richard Carter CFO 
-------------------------------------------------------  ------------------- 
 15. Contact telephone number:                                 07860 527 941 
-------------------------------------------------------  -------------------

This information is provided by RNS

The company news service from the London Stock Exchange

END

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December 07, 2016 12:21 ET (17:21 GMT)

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