React Group PLC Grant of Options and Warrants (4400Z)
May 17 2019 - 6:39AM
UK Regulatory
TIDMREAT
RNS Number : 4400Z
React Group PLC
17 May 2019
REACT GROUP PLC
Grant of Options and Warrants
React Group Plc announces that on 17 May 2019 it granted options
("Options") over a total of 42,371,519 ordinary shares of 0.25
pence in the Company's ("Ordinary Shares") to employees, as set out
in the table below. Gillian Leates has surrendered her existing
warrants over 2,380,000 Ordinary Shares. The Company has also
granted warrants ("Warrants") over a total of 19,939,537 Ordinary
Shares to Wydelta Limited, a consulting and advisory firm led by
Mark Braund. In aggregate, these share options and warrants
represent 14.6 % of the current issued share capital.
The Options have an exercise price of 0.3 pence per Ordinary
Share, vest two years from the date of grant and once vested are
exercisable at any time up to ten years after the date of grant,
subject to performance conditions. The Warrants are subject to the
same performance criteria although are exercisable at any time up
to five years after the date of grant. After five years the option
performance will cease to apply.
The Options and Warrants have an exercise price of 0.3 pence per
share and are subject to performance conditions whereby the average
mid-market closing share price of the Company's Ordinary Shares in
any consecutive 5 day period in the period 17 May 2024 is at or
above the defined levels, as follows:
share price at or % of total vesting cumulative % of total
above vesting
0.40p 10% 10%
0.80p 10% 20%
1.20p 10% 30%
1.60p 10% 40%
2.00p 10% 50%
2.40p 25% 75%
2.80p 25% 100%
The Options and Warrants have been granted to as follows:
Name Role Type Options or Total Options
Warrants granted / Warrants
over Ordinary
Shares now
held
Enterprise
Management
Incentive
Gillian Leates Executive Chairman ("EMI") 19,939,537 19,939,537
-------------------- -------------- ------------------ ---------------
Shaun Doak Managing Director EMI 18,693,318 18,693,318
-------------------- -------------- ------------------ ---------------
Andrea Pankhurst Finance Controller EMI 2,077,038 2,077,038
-------------------- -------------- ------------------ ---------------
Non-Executive
Michael Joyce Director Non-approved 830,813 830,813
-------------------- -------------- ------------------ ---------------
Non-Executive
Rob Gilbert Director Non-approved 830,813 830,813
-------------------- -------------- ------------------ ---------------
Strategic &
Operational
Wydelta Limited Advice Warrants 19,939,537 19,939,537
-------------------- -------------- ------------------ ---------------
For further information, please contact:
REACT Group PLC
Gill Leates - Executive Chairman 07799 662642
SPARK Advisory Partners Limited
Neil Baldwin 0113 370 8974
Peterhouse Capital (Broker)
Duncan Vasey/Martin Lampshire 0207 459 0930
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Gillian Leates
-------------------------------------- -----------------------------------
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 of the Ordinary shares of 0.25p each
financial instrument,
type of instrument
Identification code GB00BZ2JBG28
b) Nature of the transaction Grant of Options
-------------------------------------- -----------------------------------
c) Price(s) and volume(s)
-------------- ----------------
Price(s) Volume(s)
-------------- ----------------
0.3p 19,939,537
-------------- ----------------
d) Aggregated information n/a - single transaction
- Aggregated volume
- Price
e) Date of the transaction 17 May 2019
-------------------------------------- -----------------------------------
f) Place of the transaction London Stock Exchange
-------------------------------------- -----------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Shaun Doak
-------------------------------------- -----------------------------------
2 Reason for the notification
---------------------------------------------------------------------------
a) Position/status Managing 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 of the Ordinary shares of 0.25p each
financial instrument,
type of instrument
Identification code GB00BZ2JBG28
b) Nature of the transaction Grant of Options
-------------------------------------- -----------------------------------
c) Price(s) and volume(s)
-------------- ----------------
Price(s) Volume(s)
-------------- ----------------
0.3p 18,693,318
-------------- ----------------
d) Aggregated information n/a - single transaction
- Aggregated volume
- Price
e) Date of the transaction 17 May 2019
-------------------------------------- -----------------------------------
f) Place of the transaction London Stock Exchange
-------------------------------------- -----------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Andrea Pankhurst
--------------------------------------- -----------------------------------
2 Reason for the notification
----------------------------------------------------------------------------
a) Position/status Finance Controller
--------------------------------------- -----------------------------------
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 of the Ordinary shares of 0.25p each
financial instrument,
type of instrument
Identification code GB00BZ2JBG28
b) Nature of the transaction Grant of Options
--------------------------------------- -----------------------------------
c) Price(s) and volume(s)
--------------- ---------------
Price(s) Volume(s)
--------------- ---------------
0.3p 2,077,038
--------------- ---------------
d) Aggregated information n/a - single transaction
- Aggregated volume
- Price
e) Date of the transaction 17 May 2019
--------------------------------------- -----------------------------------
f) Place of the transaction London Stock Exchange
--------------------------------------- -----------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Michael Joyce
--------------------------------------- -----------------------------------
2 Reason for the notification
----------------------------------------------------------------------------
a) Position/status Non-Executive 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 of the Ordinary shares of 0.25p each
financial instrument,
type of instrument
Identification code GB00BZ2JBG28
b) Nature of the transaction Grant of Options
--------------------------------------- -----------------------------------
c) Price(s) and volume(s)
--------------- ---------------
Price(s) Volume(s)
--------------- ---------------
0.3p 830,813
--------------- ---------------
d) Aggregated information n/a - single transaction
- Aggregated volume
- Price
e) Date of the transaction 17 May 2019
--------------------------------------- -----------------------------------
f) Place of the transaction London Stock Exchange
--------------------------------------- -----------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Rob Gilbert
--------------------------------------- -----------------------------------
2 Reason for the notification
----------------------------------------------------------------------------
a) Position/status Non-Executive 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 of the Ordinary shares of 0.25p each
financial instrument,
type of instrument
Identification code GB00BZ2JBG28
b) Nature of the transaction Grant of Options
--------------------------------------- -----------------------------------
c) Price(s) and volume(s)
--------------- ---------------
Price(s) Volume(s)
--------------- ---------------
0.3p 830,813
--------------- ---------------
d) Aggregated information n/a - single transaction
- Aggregated volume
- Price
e) Date of the transaction 17 May 2019
--------------------------------------- -----------------------------------
f) Place of the transaction London Stock Exchange
--------------------------------------- -----------------------------------
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
DSHFDLFFKEFXBBQ
(END) Dow Jones Newswires
May 17, 2019 07:39 ET (11:39 GMT)
React (LSE:REAT)
Historical Stock Chart
From Apr 2024 to May 2024
React (LSE:REAT)
Historical Stock Chart
From May 2023 to May 2024