Exercise of Warrants & PDMR Dealings

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 Shaun Doak, Chief Executive Officer Andrea Pankhurst, Chief Financial Officer Mark Braund, Chairman	Tel: [phone]
Singer Capital Markets (Nominated Adviser / Broker) James Moat / Philip Davies	Tel: [phone]
IFC Advisory (Financial PR / IR) Graham Herring / Zach Cohen	Tel: [phone]

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 Identification code	Ordinary shares of 0.25 pence each GB00BZ2JBG28
b)	Nature of the transaction	Exercise of Warrants
c)	Price(s) and volume(s)	Price(s) Volume(s) 0.3p 10,000,000
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	12th December 2023
f)	Place of the transaction	Off market

 

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