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Director Declaration

28 Feb 2017 12:10

RNS Number : 0786Y
Reach4Entertainment Enterprises PLC
28 February 2017
 

reach4entertainment enterprises plc

("r4e", 'the "Company" or the "Group")

 

Director declaration

 

r4e, the transatlantic media and entertainment marketing company, has been informed by Charlie Lycett, Non-Executive Director of the Company of the following disclosures required pursuant to Rule 17 of the AIM Rules for Companies:

 

· Now Technologies Limited, a Company to which Mr Lycett is a director, entered into a company voluntary arrangement ("CVA") on 30 November 2016 at which it was agreed that unsecured creditors totalling £189,392 would receive 50 pence in the pound for debts owed by Now Technologies Limited.

 

· Now Technologies (IP) Limited, a Company to which Mr Lycett is a director, entered into a CVA on 30 November 2016 at which it was agreed that unsecured creditors totalling £646,442 would receive 53 pence in the pound for debts owed by Now Technologies (IP) Limited.

 

· Musicqubed Ltd, a Company to which Mr Lycett is a director, entered into a CVA on 30 November 2016 at which it was agreed that unsecured creditors totalling £929,977 would receive 53 pence in the pound for debts owed by Musicqubed Ltd.

 

Enquiries:

 

reach4entertainment enterprises plc

 

David Stoller, Executive Chairman

+44 (0) 20 7968 1655

 

Allenby Capital (Nominated Adviser and Broker)

+44 (0) 20 3328 5656

Jeremy Porter/James Reeve (Corporate Finance)

 

Katrina Perez/Kelly Gardiner

 

 

Novella Communications (Financial PR)

+44 (0) 20 3151 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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