Reach4Entertainment Enterprises PLC Exercise of options and total voting rights (4493Y)
December 05 2017 - 8:00AM
UK Regulatory
TIDMR4E
RNS Number : 4493Y
Reach4Entertainment Enterprises PLC
05 December 2017
05 December 2017
reach4entertainment enterprises plc
("r4e", the "Company" or the "Group")
Exercise of options and total voting rights
r4e, the transatlantic media and entertainment company, has
received notification from David Stoller, former Executive Chairman
of the Company, that he yesterday exercised options over 19,420,076
ordinary shares in the Company ("Ordinary Shares") at an exercise
price of 1p per Ordinary Shares. Following this exercise, Mr
Stoller now holds 4,329,924 outstanding options over Ordinary
Shares, each exercisable at 1p per Ordinary Share.
Admission and total voting rights
Application will be made to the London Stock Exchange for the
new Ordinary Shares to be issued pursuant to the option exercise to
be admitted to trading on AIM ("Admission"). It is anticipated that
admission will occur on or around 11 December 2017.
Following Admission, the issued share capital of the Company
will comprise 634,412,747 Ordinary Shares with one voting right per
share. The Company does not hold any shares in treasury. Therefore,
the total number of ordinary shares and voting rights in the
Company will be 634,412,747. This figure is calculated prior to the
potential issue of the new ordinary shares pursuant to the placing
announced by the Company on 4 December 2017. 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 Guidance
and Transparency Rules.
Holding in Company
Following Admission, David Stoller will have a total interest in
50,000,000 Ordinary Shares, equivalent to 7.88% of the Company's
total issued share capital. 30,579,924 of these Ordinary Shares are
held in the name of Stoller Family Partners LLP.
Enquiries:
reach4entertainment enterprises
plc
Marc Boyan, Chief Executive +44 (0) 20 7968
Officer 1655
Allenby Capital (Nominated Adviser +44 (0) 20 3328
and Broker) 5656
Jeremy Porter/James Reeve
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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