TIDMR4E
RNS Number : 6338T
Reach4Entertainment Enterprises PLC
21 March 2019
21 March 2019
reach4entertainment enterprises plc
("r4e" or "the Company" or "the Group")
Completion of Acquisition
Further to the announcement made on 22 February 2019 and
following shareholder approval at the Company's General Meeting on
15 March 2019, reach4entertainment enterprises plc, the
entertainment marketing communications group, is pleased to
announce that it has successfully completed the acquisition of
Agency Press Limited (trading as "Sold Out"), a full-service
advertising agency, specialising in arts and entertainment.
Commenting on the acquisition, Lord Michael Grade, Chairman of
r4e, said: "We would like to thank both new and existing investors
for their support, which has enabled r4e to complete the
acquisition of Sold Out. This is a truly exciting development for
the Group. Sold Out's impressive client base and long track-record
of delivering successful campaigns makes it an ideal addition to
the r4e family. We look forward to working closely with the Sold
Out team and utilising their skills across the Group."
Following completion of the acquisition, 20,833,333 new ordinary
shares of 1.2 pence each in the capital of the Company ("New
Ordinary Shares") have been issued by the Company to the founder of
Sold Out, Adrian Francis, pursuant to the Acquisition (the
"Consideration Shares"). Application has been made for the
20,833,333 New Ordinary Shares to be admitted to trading on AIM. It
is expected that Admission and dealings in the 20,833,333 New
Ordinary Shares will commence at 08:00 a.m. on 22 March 2019.
Following the issue of the Consideration Shares, the Company's
total issued share capital will consist of 1,276,430,385 Ordinary
Shares, of which none are held in treasury. The figure of
1,276,430,385 may therefore be used by shareholders 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 Company, under the Financial Conduct Authority's
Disclosure Guidance and Transparency Rules.
Defined terms used in this announcement will have the meanings
(unless the context otherwise requires) set out in the circular
dated 22 February 2019.
The information communicated within this announcement is deemed
to constitute inside information as stipulated under the Market
Abuse Regulations (EU) No. 596/2014.
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
Buzz 16 Productions
Buzz 16 is an independent production company, which creates both
short and long form sports orientated content. The Company was
co-founded by former Manchester United player and respected
broadcaster, Gary Neville, along with former Sky Sports Premier
League producer, Scott Melvin.
https://buzz16.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
ACQEFLFLKXFFBBX
(END) Dow Jones Newswires
March 21, 2019 11:16 ET (15:16 GMT)
Reach4entertainment Ente... (LSE:R4E)
Historical Stock Chart
From Apr 2024 to May 2024
Reach4entertainment Ente... (LSE:R4E)
Historical Stock Chart
From May 2023 to May 2024