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
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Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
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END
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