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
|
|
|
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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.
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1
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Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
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Name
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Mark Braund
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|
2
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Reason for the notification
|
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a)
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Position/status
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Executive Chairman
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b)
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Initial notification
/Amendment
|
Initial notification
|
|
3
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Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
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Name
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REACT Group PLC
|
|
b)
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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)
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Nature of the transaction
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Exercise of Warrants
|
|
c)
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Price(s) and volume(s)
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|
Price(s)
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Volume(s)
|
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15p
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198,790
|
|
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d)
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Aggregated information
- Aggregated volume
- Price
|
N/A -
single transaction
|
|
e)
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Date of the transaction
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9th April 2024
|
|
f)
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Place of the transaction
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Off market
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