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

ReactAnnouncement

10/04/2024 07:00

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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 16(th)
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  Ordinary shares of 12.5 pence each

      Identification code                                          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                                       N/A - single transaction

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      9th April 2024
 f)   Place of the transaction                                     Off market

 

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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