REG - React Group PLC - Grant of Options, Exercise of Options & TVR

ReactAnnouncement

16/11/2022 17:15

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RNS Number : 6783G  React Group PLC  16 November 2022

 

REACT Group plc

("REACT" or the "Company")

 

Grant of Options, Exercise of Options & TVR

 

The Board of REACT (AIM: REAT), the leading specialist cleaning, hygiene and
decontamination company, announces certain dealings in its shares as detailed
below.

 

Grant of Options

 

On 15 November 2022, the Company granted 53,387,343 options over new ordinary
shares of 0.25p each in the Company ("Options") to certain board members and
employees, as detailed below:

 

 Director          Role                     Number of Options granted  Total number of Options over Ordinary Shares now held
 Mark Braund       Executive Chairman       17,083,950                 25,583,950
 Shaun Doak        Chief Executive Officer  17,083,950                 35,777,266
 Andrea Pankhurst  Chief Financial Officer  12,101,131                 17,578,169
 Sam Hayward       Group Sales Director     7,118,312                  7,118,312

 

The Options have an exercise price of 0.25p (equivalent to the nominal value
of an Ordinary Share) and, once vested, are exercisable from the date two
years after the date of grant up to five years after the date of the grant,
subject to performance conditions set out below.

 

The Options vest subject to performance criteria whereby the average
mid-market closing share price of the Company's Ordinary Shares in any
consecutive ten-day period until 15 November 2027 remains above the defined
levels, as follows:

 

 Share price at or above  % of total vesting  Cumulative % of total vesting
 2.0p                     20%                 20%
 2.5p                     20%                 40%
 3.0p                     20%                 60%
 3.5p                     20%                 80%
 4.0p                     20%                 100%

 

 

The Options granted represent 5.1% of the Company's current issued share
capital. In total 95,695,078 Options are now outstanding, representing 9.1% of
the Company's current issued share capital.

 

Exercise of Options

 

The Company also announces that that it has issued 7,975,816 ordinary shares
of 0.25 pence each in the Company ("Ordinary Shares") pursuant to an exercise
of options by Gillian Leates, previous Executive Chairman.

 

Application has been made to the London Stock Exchange for 7,975,816 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 22
November 2022.

 

Total Voting Rights

 

Following Admission, the Company's total issued share capital will be
1,057,648,507 Ordinary Shares.  The Company does not hold any shares in
treasury. Therefore, the total number of voting rights in the Company will be
1,057,648,507.

 

This figure of 1,057,648,507 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.

 

For further information:

 

 REACT Group Plc
 Shaun Doak, Chief Executive Officer            Tel: +44 (0) 1283 550 503

 Andrea Pankhurst, Chief Financial Officer

 Mark Braund, Chairman
 Singer Capital Markets

 (Nominated Adviser / Broker)
 Will Goode / Amanda Gray (Corporate Finance)  Tel: +44 (0) 207 496 3000

 Rachel Hayes (Corporate Broking)
 IFC Advisory

 (Financial PR / IR)
 Graham Herring / Zach Cohen                   Tel: +44 (0) 20 3934 6630

 

 

 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                                    Grant of Options
 c)   Price(s) and volume(s)                                         Price(s)    Volume(s)
                                                                   nil           17,083,950

 
 d)   Aggregated information                                       N/A - single transaction

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      15 November 2022
 f)   Place of the transaction                                     Off market

 

d)

Aggregated information

- Aggregated volume

- Price

N/A - single transaction

e)

Date of the transaction

15 November 2022

f)

Place of the transaction

Off market

 

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Shaun Doak
 2    Reason for the notification
 a)   Position/status                                              Chief Executive Officer
 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                                    Grant of Options
 c)   Price(s) and volume(s)                                         Price(s)    Volume(s)
                                                                   nil           17,083,950

 
 d)   Aggregated information                                       N/A - single transaction

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      15 November 2022
 f)   Place of the transaction                                     Off market

 

d)

Aggregated information

- Aggregated volume

- Price

N/A - single transaction

e)

Date of the transaction

15 November 2022

f)

Place of the transaction

Off market

 

 

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Andrea Pankhurst
 2    Reason for the notification
 a)   Position/status                                              Chief Financial Officer
 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                                    Grant of Options
 c)   Price(s) and volume(s)                                         Price(s)    Volume(s)
                                                                   nil           12,101,131

 
 d)   Aggregated information                                       N/A - single transaction

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      15 November 2022
 f)   Place of the transaction                                     Off market

 

d)

Aggregated information

- Aggregated volume

- Price

N/A - single transaction

e)

Date of the transaction

15 November 2022

f)

Place of the transaction

Off market

 

 

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Sam Hayward
 2    Reason for the notification
 a)   Position/status                                              Group Sales Director
 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                                    Grant of Options
 c)   Price(s) and volume(s)                                         Price(s)    Volume(s)
                                                                   nil           7,118,312

 
 d)   Aggregated information                                       N/A - single transaction

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      15 November 2022
 f)   Place of the transaction                                     Off market

 

d)

Aggregated information

- Aggregated volume

- Price

N/A - single transaction

e)

Date of the transaction

15 November 2022

f)

Place of the transaction

Off market

 

 

 

 

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