Reach4Entertainment Enterprises PLC Director/PDMR Shareholding (7855S)

TIDMR4E

RNS Number : 7855S

Reach4Entertainment Enterprises PLC

10 July 2015

reach4entertainment Enterprises plc

('r4e' or the 'Company')

Director Shareholding

r4e, the transatlantic media and entertainment marketing company, has been notified today that pursuant to an agreement executed yesterday, Stoller Family Partners LLP ("SFP"), a company in which David Stoller, Executive Chairman of r4e, is a general partner, is to be transferred 901,615 ordinary shares of 2.5p each in the Company ("Ordinary Shares"), for nil consideration, from calling in security on a loan.

In 2011, SFP entered into a Secured Promissory Note (the "2011 Note") for $2.2 million, secured against 9,301,615 Ordinary Shares. The transfer of 901,615 Ordinary Shares to SFP follows the announcement on 19 May 2012 by the Company, when 8,400,000 of the 9,301,615 Ordinary Shares had been transferred to SFP in part satisfaction of SFP's security under the 2011 Note. The receipt of the 901,615 Ordinary Shares by SFP will represent full and final settlement of the 2011 Note.

Following this transfer, SFP, and therefore David Stoller, will have a total beneficial interest in 19,828,973 Ordinary Shares, equivalent to 26.48% of the Company's issued share capital.

Enquiries:

 
reach4entertainment                          +44 (0) 20 7968 1655 
David Stoller, Executive Chairman 
 
Allenby Capital Limited (Nominated Adviser 
 and Broker)                                 +44 (0) 20 3328 5656 
Jeremy Porter / James Reeve (Corporate 
 Finance) 
Katrina Perez / Kelly Gardiner (Corporate 
 Broking) 
 
Novella Communications (Financial PR)        +44 (0) 20 3151 7008 
Tim Robertson                                +44 (0) 7900 927650

This information is provided by RNS

The company news service from the London Stock Exchange

END

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