Reach4Entertainment Enterprises PLC - London-based operator of theatrical, film and live entertainment advertising, marketing and display agencies - Chief Executive Officer Marc Boyan buys 34.0 million shares at 0.348 pence, worth GBP118,366, on Thursday. Now has 239.0 million shares, an 18.7% stake.
Earlier this month, Reach4Entertainment said it intends to cancel its shares from trading on AIM and re-register as a private company. Given the Covid-19 pandemic's damage to its business, with the closure of all live venues on Broadway and the West End, Reach4Entertainment feels that "the costs of maintaining a London listing outweigh the benefits afforded by operating as a public company".
Current stock price: 0.34p
Year-to-date change: down 65%
By Tom Waite; email@example.com
Copyright 2020 Alliance News Limited. All Rights Reserved.