REG - React Group PLC - Grant of Options & PDMR Dealings
07/06/2024 16:15
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RNS Number : 6797R React Group PLC 07 June 2024
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 Ordinary shares of 12.5 pence each
Identification code GB00BZ2JBG28
b) Nature of the transaction Grant of Options
c) Price(s) and volume(s) Price(s) Volume(s)
1. 12.5p 1. 440,000
2. 12.5p 2. 150,000
3. 12.5p 3. 150,000
4. 12.5p 4. 90,000
5. 12.5p 5. 80,000
d) Aggregated information N/A - single transaction
- Aggregated volume
- Price
e) Date of the transaction 6 June 2024
f) Place of the transaction Off market
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 Ordinary shares of 12.5 pence each
Identification code 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 N/A - single transaction
- Aggregated volume
- Price
e) Date of the transaction 7 June 2024
f) Place of the transaction London Stock Exchange
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
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