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REACT GROUP PLC
Remuneration Information • Nov 16, 2022
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Remuneration Information
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National Storage Mechanism | Additional information 
RNS Number : 6783G
React Group PLC
16 November 2022
REACT Group plc
("REACT" or the "Company")
Grant of Options, Exercise of Options & TVR
The Board of REACT (AIM: REAT), the leading specialist cleaning, hygiene and decontamination company, announces certain dealings in its shares as detailed below.
Grant of Options
On 15 November 2022, the Company granted 53,387,343 options over new ordinary shares of 0.25p each in the Company ("Options") to certain board members and employees, as detailed below:
| Director | Role | Number of Options granted | Total number of Options over Ordinary Shares now held |
| Mark Braund | Executive Chairman | 17,083,950 | 25,583,950 |
| Shaun Doak | Chief Executive Officer | 17,083,950 | 35,777,266 |
| Andrea Pankhurst | Chief Financial Officer | 12,101,131 | 17,578,169 |
| Sam Hayward | Group Sales Director | 7,118,312 | 7,118,312 |
The Options have an exercise price of 0.25p (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 15 November 2027 remains above the defined levels, as follows:
| Share price at or above | % of total vesting | Cumulative % of total vesting |
| 2.0p | 20% | 20% |
| 2.5p | 20% | 40% |
| 3.0p | 20% | 60% |
| 3.5p | 20% | 80% |
| 4.0p | 20% | 100% |
The Options granted represent 5.1% of the Company's current issued share capital. In total 95,695,078 Options are now outstanding, representing 9.1% of the Company's current issued share capital.
Exercise of Options
The Company also announces that that it has issued 7,975,816 ordinary shares of 0.25 pence each in the Company ("Ordinary Shares") pursuant to an exercise of options by Gillian Leates, previous Executive Chairman.
Application has been made to the London Stock Exchange for 7,975,816 new Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective on or around 8.00 a.m. on 22 November 2022.
Total Voting Rights
Following Admission, the Company's total issued share capital will be 1,057,648,507 Ordinary Shares. The Company does not hold any shares in treasury. Therefore, the total number of voting rights in the Company will be 1,057,648,507.
This figure of 1,057,648,507 Ordinary Shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
Further details are set out in the below notification, made in accordance with the requirements of the UK Market Abuse Regulation.
For further information:
| REACT Group Plc | |
| Shaun Doak, Chief Executive Officer Andrea Pankhurst, Chief Financial Officer Mark Braund, Chairman |
Tel: +44 (0) 1283 550 503 |
| Singer Capital Markets (Nominated Adviser / Broker) |
|
| Will Goode / Amanda Gray (Corporate Finance) Rachel Hayes (Corporate Broking) |
Tel: +44 (0) 207 496 3000 |
| IFC Advisory (Financial PR / IR) |
|
| Graham Herring / Zach Cohen | Tel: +44 (0) 20 3934 6630 |
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Mark Braund
2
Reason for the notification
a)
Position/status
Executive Chairman
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 0.25 pence each
GB00BZ2JBG28
b)
Nature of the transaction
Grant of Options
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| nil | 17,083,950 |
d)
Aggregated information
- Aggregated volume
- Price
N/A - single transaction
e)
Date of the transaction
15 November 2022
f)
Place of the transaction
Off market
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Shaun Doak
2
Reason for the notification
a)
Position/status
Chief Executive Officer
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 0.25 pence each
GB00BZ2JBG28
b)
Nature of the transaction
Grant of Options
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| nil | 17,083,950 |
d)
Aggregated information
- Aggregated volume
- Price
N/A - single transaction
e)
Date of the transaction
15 November 2022
f)
Place of the transaction
Off market
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Andrea Pankhurst
2
Reason for the notification
a)
Position/status
Chief Financial Officer
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 0.25 pence each
GB00BZ2JBG28
b)
Nature of the transaction
Grant of Options
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| nil | 12,101,131 |
d)
Aggregated information
- Aggregated volume
- Price
N/A - single transaction
e)
Date of the transaction
15 November 2022
f)
Place of the transaction
Off market
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Sam Hayward
2
Reason for the notification
a)
Position/status
Group Sales 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 0.25 pence each
GB00BZ2JBG28
b)
Nature of the transaction
Grant of Options
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| nil | 7,118,312 |
d)
Aggregated information
- Aggregated volume
- Price
N/A - single transaction
e)
Date of the transaction
15 November 2022
f)
Place of the transaction
Off market
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