Reach4Entertainment Enterprises PLC Capital Reduction Update (2147H)
30 July 2019 - 8:55PM
UK Regulatory
TIDMR4E
RNS Number : 2147H
Reach4Entertainment Enterprises PLC
30 July 2019
30 July 2019
reach4entertainment enterprises plc
("r4e" or "the Company" or "the Group")
Capital Reduction Update
Further to the Company's announcement on 16 July 2019, regarding
the Capital Reduction, the final hearing held today at the High
Court of Justice (the "Court") approved the Company's order to
confirm a reduction of the issued share capital of the Company and
cancellation of the Company's share premium account and capital
redemption reserve.
The Capital Reduction involves:
-- the cancellation of the amount standing to the credit of the
Company's share premium account and capital redemption reserve;
-- the cancellation of the 74,894,792 deferred shares with a nominal value of GBP0.02 each; and
-- a reduction in the nominal value of the ordinary shares from GBP0.005 each to GBP0.001 each.
Application has been made to the London Stock Exchange for
admission of 1,276,430,385 Ordinary Shares to trading on AIM
("Admission") and it is expected that Admission will take place and
that trading will commence on or around 1 August 2019.
The number of ordinary shares in issue following the Capital
Reduction remains unchanged at 1,276,430,385.
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
Jamie Barklem
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
Sold Out
Sold Out is an independent full service advertising agency,
specialising in arts and entertainment for over 25 years.
https://soldout.london
This information is provided by RNS, the news service of the
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contact rns@lseg.com or visit www.rns.com.
END
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