TIDMREAT

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 
 Shaun Doak, Chief Executive Of cer          503 
 Andrea Pankhurst, Chief Financial Officer 
 Mark Braund, Chairman 
 
  Singer Capital Markets                      Tel: +44 (0) 207 496 
  (Nominated Adviser / Broker)                3000 
  James Moat / Philip Davies 
 
  IFC Advisory                                Tel: +44 (0) 20 3934 
  (Financial PR / IR)                         6630 
  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                 Initial notification 
       notification 
       /Amendment 
     ----------------------  ------------------------------------------- 
 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             Ordinary shares of 0.25 pence each 
       of the                  GB00BZ2JBG28 
       financial 
       instrument, 
       type of 
       instrument 
       Identification 
       code 
     ----------------------  ------------------------------------------- 
 b)   Nature                  Exercise of Warrants 
       of the 
       transaction 
     ----------------------  ------------------------------------------- 
 c)   Price(s)                  Price(s)   Volume(s) 
       and volume(s)             0.3p       10,000,000 
                                           ----------- 
     ----------------------  ------------------------------------------- 
 d)   Aggregated 
       information             N/A - single transaction 
       - Aggregated 
       volume 
       - Price 
     ----------------------  ------------------------------------------- 
 e)   Date of                 12(th) December 2023 
       the transaction 
     ----------------------  ------------------------------------------- 
 f)   Place of                Off market 
       the transaction 
     ----------------------  -------------------------------------------

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END

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December 14, 2023 02:00 ET (07:00 GMT)

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