TIDMR4E

RNS Number : 6924W

Reach4Entertainment Enterprises PLC

20 August 2020

20 August 2020

reach4entertainment enterprises plc

("r4e" or "the Company" or "the Group")

Claim

Further to reports in the media, reach4entertainment enterprises plc (AIM: R4E), the integrated international marketing group in the live performance and entertainment markets, confirms that the Company's subsidiary Spot and Company of Manhattan ("SpotCo") filed suit on 5 August 2020 to recover at least $6.3m that consists of money owed to SpotCo by a client or that SpotCo's client owes to media outlets for which SpotCo does business. On 14 August, the client filed a separate complaint against SpotCo which SpotCo will vigorously defend.

The Company continues to believe that all amounts sought by SpotCo are recoverable. Further announcements will be made as and when necessary.

For information, please contact:

 
 reach4entertainment enterprises   Phone: +44 (0)20 3978 8590 
  plc 
  Marc Boyan, CEO 
  Paul Summers, COO 
 
 Luther Pendragon                  Phone: +44 (0)20 7618 9100 
 Harry Chathli                     Email: r4e@luther.co.uk 
 Alexis Gore 
 Joe Quinlan 
 
 Grant Thornton, NOMAD             Phone: +44 (0)20 7383 5100 
 Philip Secrett 
 Jen Clarke 
 Seamus Fricker 
 
 Dowgate Capital, Broker           Phone: +44 (0)20 3903 7715 
 James Serjeant 
 David Poutney

About r4e

reach4entertainment enterprises plc ("r4e") operates a collection of theatrical, film and live entertainment marketing, PR, advertising and display agencies, across the world. The Company uses its extensive experience in the live entertainments space to create value through investing in innovative and established agencies that provide communications services to a range of clients involved with theatre, film, concerts and more. For further information on r4e, you are invited to visit the Company's website at www.r4e.com .

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

August 20, 2020 02:42 ET (06:42 GMT)

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