7 June
2024
REACT Group plc
("REACT" or the
"Company")
Grant of
Options & PDMR Dealings
The Board of REACT (AIM:
REAT), the leading specialist cleaning and
soft facilities management services provider announces certain dealings in its shares as detailed
below.
Grant of Options
On 6 June 2024, the Company granted
910,000 options over new ordinary shares of 12.5p each in the
Company (the "Ordinary
Shares") to certain employees (the "Options"). Certain Persons Discharging
Managerial Responsibility ("PDMRs") were granted Options as
follows:
|
PDMR
|
Role
|
Number of Options
granted
|
Total number of Options over
Ordinary Shares now held
|
|
Spencer Dredge
|
Chief Financial Officer
|
440,000
|
440,000
|
|
Dave Rudge*
|
Director
|
150,000
|
150,000
|
|
Chris Ryan*
|
Director
|
150,000
|
150,000
|
|
Justin Fleming
|
Group Financial
Controller
|
90,000
|
90,000
|
|
Sam Haywood*
|
Group Sales Director
|
80,000
|
220,366
|
*Dave Rudge, Chris Ryan & Sam Haywood are Directors of
Company subsidiaries and not REACT Group plc
The Options have an exercise price
of 12.5p (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 6 June 2029 remains above the defined levels, as
follows:
|
Share price at or above
|
% of total
vesting
|
Cumulative % of total
vesting
|
|
100p
|
20%
|
20%
|
|
125p
|
20%
|
40%
|
|
150p
|
20%
|
60%
|
|
175p
|
20%
|
80%
|
|
200p
|
20%
|
100%
|
The Options granted represent 6.4%
of the Company's current issued share capital. In total 2,442,364
Options are now outstanding, representing 11.2% of the Company's
current issued share capital.
Director Dealings
On 7 June 2024, the Company was
notified that Rob Gilbert, Non-Executive Director, sold 10,500
Ordinary Shares at a price of 75.55p. Following this transaction,
Rob holds 4,303 Ordinary Shares in the Company, representing 0.02%
of the issued share capital.
Further details are set out in the
below notification, made in accordance with the requirements of the
UK Market Abuse Regulation.
For
more information:
|
REACT
Group
|
Tel: +44 (0) 1283 550
503
|
|
Shaun Doak, Chief Executive Officer
Spencer Dredge, Chief Financial
Officer
|
|
|
Mark Braund, Chairman
|
|
|
|
|
|
Singer Capital
Markets - Nominated Adviser & Joint Broker
|
Tel: +44 (0) 207 496
3000
|
|
Philip Davies / Alex Bond / Oliver
Platts
|
|
|
|
|
|
Dowgate
Capital - Joint Broker
|
Tel: +44 (0) 20 3903
7715
|
|
Stephen Norcross / Nicholas Chambers
|
|
|
|
|
|
IFC Advisory -
Financial PR & IR
|
Tel: +44 (0) 20 3934
6630
|
|
Graham Herring / Zach Cohen
|
|
|
|
|
| |
About Us:
REACT Group plc, the UK's leading
specialist cleaning and soft facilities management services
business, operates with three divisions: LaddersFree, one of the
largest commercial window cleaning businesses in the UK; Fidelis
Contract Services ("Fidelis"), a contract cleaning and soft
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.
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
1.
Spencer Dredge
2.
Dave Rudge
3.
Chris Ryan
4.
Justin Fleming
5.
Sam Haywood
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
1.
Chief Financial Officer
2.
Director
3.
Director
4.
Group Financial Controller
5.
Group Sale Director
|
|
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 12.5 pence
each
GB00BZ2JBG28
|
|
b)
|
Nature of the transaction
|
Grant of Options
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
1.
12.5p
2.
12.5p
3.
12.5p
4.
12.5p
5.
12.5p
|
1. 440,000
2. 150,000
3. 150,000
4. 90,000
5. 80,000
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A -
single transaction
|
|
e)
|
Date of the transaction
|
6 June 2024
|
|
f)
|
Place of the transaction
|
Off market
|
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Robert Gilbert
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Non-Executive Director
|
|
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 12.5 pence
each
GB00BZ2JBG28
|
|
b)
|
Nature of the transaction
|
Sale of Ordinary Shares
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
75.55p
|
10,500
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A -
single transaction
|
|
e)
|
Date of the transaction
|
7 June 2024
|
|
f)
|
Place of the transaction
|
London Stock Exchange
|