Company Announcements

Exercise of Warrants & PDMR Dealings

Source: RNS
RNS Number : 9265J
React Group PLC
10 April 2024
 

10 April 2024

 

REACT Group plc

 

("REACT", the "Group" or the "Company")

 

Exercise of Warrants & PDMR Dealings

 

 

REACT Group plc (AIM: REAT.L), the leading specialist cleaning, hygiene, and decontamination company, has received notification for the exercise of warrants over 198,790 ordinary shares of 12.5 pence each in the Company ("Ordinary Shares") at an exercise price of 15 pence per share held by a company which is controlled by Mark Braund, Executive Chairman of the Company (the "Warrant Exercise").

 

Following the Warrant Exercise and subject to Admission, Mark Braund will no longer hold any additional warrants and he will have an interest in 442,469 Ordinary Shares, representing 2.05% of the enlarged issued share capital of the Company.

 

Admission

 

Application has been made to the London Stock Exchange for 198,790 new Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective on or around 8.00 a.m. on 16th April 2024.

 

Total Voting Rights

 

Following Admission, the Company's total issued share capital will be 21,551,761 Ordinary Shares.  The Company does not hold any shares in treasury. Therefore, the total number of voting rights in the Company will be 21,551,761.

 

This figure of 21,551,761 Ordinary Shares may be used by shareholders 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 Company under the FCA's Disclosure Guidance and Transparency Rules.

 

Note: The number and exercise price of warrants pursuant to the Warrant Exercise have been adjusted in proportion to recent share capital consolidation.

 

 

Further details are set out in the below notification, made in accordance with the requirements of the UK Market Abuse Regulation.  

 

 

 

For more information:

 

REACT Group

Tel: +44 (0) 1283 550 503

Shaun Doak, Chief Executive Officer


Spencer Dredge, Chief Financial Officer

Mark Braund, Chairman




Singer Capital Markets - Nominated Adviser & Joint Broker

Tel: +44 (0) 207 496 3000

Philip Davies / Alex Bond / Oliver Platts




Dowgate Capital - Joint Broker

Tel: +44 (0) 20 3903 7715

Stephen Norcross / Nicholas Chambers


 


IFC Advisory - Financial PR & IR

Tel: +44 (0) 20 3934 6630

Graham Herring / Zach Cohen


 

 

About Us:

REACT Group plc is the UK's leading specialist and contract cleaning business and operates with three divisions: LaddersFree, one of the largest commercial window cleaning businesses in the UK; Fidelis Contract Services ("Fidelis"), a contract cleaning and facilities maintenance business; and REACT business, which primarily provides a solution to emergency and specialist cleaning situations, both through long-term framework agreements and on an ad-hoc basis.

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Mark Braund

2

Reason for the notification

a)

Position/status

Executive Chairman

b)

 

Initial notification /Amendment

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

REACT Group PLC

b)

LEI

213800H54C4GOFN7MO32

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

Identification code

Ordinary shares of 12.5 pence each

GB00BPCTRB97

b)

Nature of the transaction

Exercise of Warrants

c)

Price(s) and volume(s)

  Price(s)

Volume(s)

15p

198,790

 

d)

Aggregated information

- Aggregated volume

- Price


N/A - single transaction

e)

Date of the transaction

9th April 2024

f)

Place of the transaction

Off market

 

 

 

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