8 Mar 2019 07:00
8 March 2019
reach4entertainment enterprises plc
("r4e" or "the Company" or "the Group")
Grant of Options
reach4entertainment enterprises plc, the entertainment marketing communications group, announces that it has made a grant of options under its employee share incentive scheme, the reach4entertainment enterprises plc 2016 Long Term Incentive Plan ("the scheme").
The Board recognises the importance of retaining and incentivising employees and therefore has granted options to the CEO Marc Boyan, four PDMR's and one other employee. A total of 11,829,924 options have been granted over the Company's ordinary shares of 0.05 pence each ("Options" and "Ordinary Shares" respectively) which represents approximately 1.18 per cent of the current issued ordinary share capital of the Company.
| Position | New Options Granted | No. Options post Grant |
Marc Boyan1 | CEO | 4,329,924 | 128,965,883 |
Paul Summers | PDMR | 2,000,000 | 2,000,000 |
Simon Shimell | PDMR | 500,000 | 2,000,000 |
Selby Ladd | PDMR | 2,000,000 | 2,000,000 |
Stephen Santore | PDMR | 2,000,000 | 2,000,000 |
1Marc Boyan's placing participation is being undertaken through Miroma r4e Holdings Limited, a company wholly owned by Miroma Holdings Limited, a company of which Marc Boyan is a director and controlling shareholder.
The Options, all of which are exercisable at 1.2 pence per Ordinary Share, vest on varying dates subject to employees remaining in employment until specified future dates and certain share price performance targets as previously disclosed to the market. See links to these disclosures below. The Options expire on 27 February 2025.
Performance conditions for Marc Boyan as previously disclosed:
https://www.r4e.com/pdfs/announcements/21-Dec-2017-Director-&-PDMR-Shareholdings-and-Grant-of-Options.pdf
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Marc Boyan | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Chief Executive Officer | |||
b)
| Initial notification /Amendment
| Initial | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| reach4entertainment enterprises plc | |||
b)
| LEI
| 213800JHWWJD1PKYGS67 | |||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||||
a)
| Description of the financial instrument, type of instrument | Ordinary shares of 0.005p each | |||
|
| ||||
Identification code | GB00B1HLCW86 | ||||
|
| ||||
b)
| Nature of the transaction
| Grant of options over ordinary shares | |||
c)
| Price(s) and volume(s) |
|
|
|
|
|
| Price(s) | Volume(s) |
| |
|
| £0.012 | 4,329,924 |
| |
|
|
|
|
| |
d)
| Aggregated information |
| |||
|
| ||||
- Aggregated volume | 4,329,924 | ||||
|
| ||||
- Price | £0.012 | ||||
|
| ||||
e)
| Date of the transaction
| 7 March 2019 | |||
f)
| Place of the transaction
| Outside of a trading venue | |||
Performance conditions for PDMR's as previously disclosed:
https://www.r4e.com/pdfs/announcements/2016-03-04-grant-of-options.pdf
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Paul Summers | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| COO (PDMR) | |||
b)
| Initial notification /Amendment
| Initial | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| reach4entertainment enterprises plc | |||
b)
| LEI
| 213800JHWWJD1PKYGS67 | |||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||||
a)
| Description of the financial instrument, type of instrument | Ordinary shares of 0.005p each | |||
|
| ||||
Identification code | GB00B1HLCW86 | ||||
|
| ||||
b)
| Nature of the transaction
| Grant of options over ordinary shares | |||
c)
| Price(s) and volume(s) |
|
|
|
|
|
| Price(s) | Volume(s) |
| |
|
| £0.012 | 2,000,000 |
| |
|
|
|
|
| |
d)
| Aggregated information |
| |||
|
| ||||
- Aggregated volume | 2,000,000 | ||||
|
| ||||
- Price | £0.012 | ||||
|
| ||||
e)
| Date of the transaction
| 7 March 2019 | |||
f)
| Place of the transaction
| Outside of a trading venue | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Simon Shimell | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Dewynters Finance Director (PDMR) | |||
b)
| Initial notification /Amendment
| Initial | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| reach4entertainment enterprises plc | |||
b)
| LEI
| 213800JHWWJD1PKYGS67 | |||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||||
a)
| Description of the financial instrument, type of instrument | Ordinary shares of 0.005p each | |||
|
| ||||
Identification code | GB00B1HLCW86 | ||||
|
| ||||
b)
| Nature of the transaction
| Grant of options over ordinary shares | |||
c)
| Price(s) and volume(s) |
|
|
|
|
|
| Price(s) | Volume(s) |
| |
|
| £0.012 | 500,000 |
| |
|
|
|
|
| |
d)
| Aggregated information |
| |||
|
| ||||
- Aggregated volume | 500,000 | ||||
|
| ||||
- Price | £0.012 | ||||
|
| ||||
e)
| Date of the transaction
| 7 March 2019 | |||
f)
| Place of the transaction
| Outside of a trading venue | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Shelby Ladd | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| SpotCo Managing Director (PDMR) | |||
b)
| Initial notification /Amendment
| Initial | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| reach4entertainment enterprises plc | |||
b)
| LEI
| 213800JHWWJD1PKYGS67 | |||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||||
a)
| Description of the financial instrument, type of instrument | Ordinary shares of 0.005p each | |||
|
| ||||
Identification code | GB00B1HLCW86 | ||||
|
| ||||
b)
| Nature of the transaction
| Grant of options over ordinary shares | |||
c)
| Price(s) and volume(s) |
|
|
|
|
|
| Price(s) | Volume(s) |
| |
|
| £0.012 | 2,000,000 |
| |
|
|
|
|
| |
d)
| Aggregated information |
| |||
|
| ||||
- Aggregated volume | 2,000,000 | ||||
|
| ||||
- Price | £0.012 | ||||
|
| ||||
e)
| Date of the transaction
| 7 March 2019 | |||
f)
| Place of the transaction
| Outside of a trading venue | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Stephen Santore | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| SpotCo Managing Director (PDMR) | |||
b)
| Initial notification /Amendment
| Initial | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| reach4entertainment enterprises plc | |||
b)
| LEI
| 213800JHWWJD1PKYGS67 | |||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||||
a)
| Description of the financial instrument, type of instrument | Ordinary shares of 0.005p each | |||
|
| ||||
Identification code | GB00B1HLCW86 | ||||
|
| ||||
b)
| Nature of the transaction
| Grant of options over ordinary shares | |||
c)
| Price(s) and volume(s) |
|
|
|
|
|
| Price(s) | Volume(s) |
| |
|
| £0.012 | 2,000,000 |
| |
|
|
|
|
| |
d)
| Aggregated information |
| |||
|
| ||||
- Aggregated volume | 2,000,000 | ||||
|
| ||||
- Price | £0.012 | ||||
|
| ||||
e)
| Date of the transaction
| 7 March 2019 | |||
f)
| Place of the transaction
| Outside of a trading venue | |||
For information, please contact:
reach4entertainment enterprises plc Marc Boyan, CEO Paul Summers, COO
| Phone: +44 (0)20 7968 1655 |
|
|
Yellow Jersey PR | Phone: +44 (0)7747 788 221 / +44 (0)7544 275 882 |
Charles Goodwin | Email: r4e@yellowjerseypr.com |
Harriet Jackson |
|
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|
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.
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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
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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