22nd Mar 2016 07:00
22 March 2016
reach4entertainment enterprises plc ("r4e" or the "Company")
Completion of acquisition, issue of equity and
total voting rights update
r4e, the transatlantic media and entertainment marketing company, announces that, further to the announcement on 4 March 2016, James Charrington has now been appointed as CEO of Dewynters Limited and the acquisition of Jampot Consulting Limited ("Jampot") has completed. Accordingly, the 3,666,666 new ordinary shares in r4e payable to Mr Charrington in consideration for the acquisition of Jampot (the "Consideration Shares") will now be issued.
Application will be made for the Consideration Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will take place on Tuesday 29 March 2016.
Total voting rights
Following the Admission of the Consideration Shares, the issued share capital of the Company will comprise 479,561,458 ordinary shares of 0.5p each with one voting right per share (the "Ordinary Shares"). The Company does not hold any shares in treasury. Therefore, the total number of Ordinary Shares and voting rights in the Company is 479,561,458.
The above figure may be used by shareholders in the Company 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, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
Enquiries:
reach4entertainment enterprises plc David Stoller, Executive Chairman
| +44 (0) 20 7968 1655 |
Allenby Capital (Nominated Adviser and Broker) Jeremy Porter / James Reeve
| +44 (0) 20 3328 5656 |
Novella Communications (Financial PR) Tim Robertson / Ben Heath | +44 (0) 20 3151 7008 +44 (0) 7900 927650
|
Related Shares:
R4E.L