REG - React Group PLC - Exercise of Warrants & PDMR Dealings

ReactAnnouncement

14/12/2023 07:15

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RNS Number : 7086W  React Group PLC  14 December 2023

14 December 2023

 

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 10,000,000 ordinary shares of 0.25 pence each in the Company
("Ordinary Shares") at an exercise price of 0.3 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 have
an interest in 12,183,958 Ordinary Shares, representing 1.14% of the total
issued share capital of the Company. Mark Braund continues to hold warrants
over 9,939,537 Ordinary Shares which also have an exercise price of 0.3 pence
per share.

 

Admission

 

Application has been made to the London Stock Exchange for 10,000,000 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 21(st)
December 2023.

 

Total Voting Rights

 

Following Admission, the Company's total issued share capital will be
1,067,648,507 Ordinary Shares.  The Company does not hold any shares in
treasury. Therefore, the total number of voting rights in the Company will be
1,067,648,507.

 

This figure of 1,067,648,507 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.

 

 

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

 

 

 

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.

 

For more information:

 

 REACT Group Plc                             Tel: +44 (0) 1283 550 503

 Shaun Doak, Chief Executive Officer

 Andrea Pankhurst, Chief Financial Officer

 Mark Braund, Chairman

 Singer Capital Markets                      Tel: +44 (0) 207 496 3000

 (Nominated Adviser / Broker)

 James Moat / Philip Davies

 IFC Advisory                                Tel: +44 (0) 20 3934 6630

 (Financial PR / IR)

 Graham Herring / Zach Cohen

 

 

 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  Ordinary shares of 0.25 pence each

      Identification code                                          GB00BZ2JBG28
 b)   Nature of the transaction                                    Exercise of Warrants
 c)   Price(s) and volume(s)                                         Price(s)    Volume(s)
                                                                   0.3p          10,000,000

 
 d)   Aggregated information                                       N/A - single transaction

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      12(th) December 2023
 f)   Place of the transaction                                     Off market

 

d)

Aggregated information

- Aggregated volume

- Price

N/A - single transaction

e)

Date of the transaction

12(th) December 2023

f)

Place of the transaction

Off market

 

 

 

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