TIDMREAT
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 Total number
granted 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 % of total vesting Cumulative % of
above 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 Of cer Tel: +44 (0) 1283 550
Andrea Pankhurst, Chief Financial Officer 503
Mark Braund, Chairman
Singer Capital Markets
(Nominated Adviser / Broker)
Will Goode / Amanda Gray (Corporate Finance) Tel: +44 (0) 207 496
Rachel Hayes (Corporate Broking) 3000
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 Initial 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 financial GB00BZ2JBG28
instrument,
type of instrument
Identification
code
------------------------- ----------------------------------------
b) Nature of Grant of Options
the transaction
------------------------- ----------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) nil 17,083,950
-----------
------------------------- ----------------------------------------
d) Aggregated
information N/A - single transaction
- Aggregated
volume
- Price
------------------------- ----------------------------------------
e) Date of the 15 November 2022
transaction
------------------------- ----------------------------------------
f) Place of Off market
the transaction
------------------------- ----------------------------------------
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 Initial 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 financial GB00BZ2JBG28
instrument,
type of instrument
Identification
code
------------------------- ----------------------------------------
b) Nature of Grant of Options
the transaction
------------------------- ----------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) nil 17,083,950
-----------
------------------------- ----------------------------------------
d) Aggregated
information N/A - single transaction
- Aggregated
volume
- Price
------------------------- ----------------------------------------
e) Date of the 15 November 2022
transaction
------------------------- ----------------------------------------
f) Place of Off market
the transaction
------------------------- ----------------------------------------
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 Initial 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 financial GB00BZ2JBG28
instrument,
type of instrument
Identification
code
------------------------- ----------------------------------------
b) Nature of Grant of Options
the transaction
------------------------- ----------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) nil 12,101,131
-----------
------------------------- ----------------------------------------
d) Aggregated
information N/A - single transaction
- Aggregated
volume
- Price
------------------------- ----------------------------------------
e) Date of the 15 November 2022
transaction
------------------------- ----------------------------------------
f) Place of Off market
the transaction
------------------------- ----------------------------------------
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 Initial 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 financial GB00BZ2JBG28
instrument,
type of instrument
Identification
code
------------------------- ----------------------------------------
b) Nature of Grant of Options
the transaction
------------------------- ----------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) nil 7,118,312
----------
------------------------- ----------------------------------------
d) Aggregated
information N/A - single transaction
- Aggregated
volume
- Price
------------------------- ----------------------------------------
e) Date of the 15 November 2022
transaction
------------------------- ----------------------------------------
f) Place of Off market
the transaction
------------------------- ----------------------------------------
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END
DSHGPGWUGUPPGMQ
(END) Dow Jones Newswires
November 16, 2022 12:05 ET (17:05 GMT)
React (LSE:REAT)
過去 株価チャート
から 3 2024 まで 4 2024
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から 4 2023 まで 4 2024
