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RNS For Reach4Entertainment Enterprises (R4E)

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Capital Reduction Update

RNS Number : 2147H
Reach4Entertainment Enterprises PLC
30 July 2019

30 July 2019


 reach4entertainment enterprises plc

("r4e" or "the Company" or "the Group")

Capital Reduction Update

Further to the Company's announcement on 16 July 2019, regarding the Capital Reduction, the final hearing held today at the High Court of Justice (the "Court") approved the Company's order to confirm a reduction of the issued share capital of the Company and cancellation of the Company's share premium account and capital redemption reserve.

The Capital Reduction involves:

·    the cancellation of the amount standing to the credit of the Company's share premium account and capital redemption reserve;

·    the cancellation of the 74,894,792 deferred shares with a nominal value of £0.02 each; and

·    a reduction in the nominal value of the ordinary shares from £0.005 each to £0.001 each.

Application has been made to the London Stock Exchange for admission of 1,276,430,385 Ordinary Shares to trading on AIM ("Admission") and it is expected that Admission will take place and that trading will commence on or around 1 August 2019.

The number of ordinary shares in issue following the Capital Reduction remains unchanged at 1,276,430,385.

For information, please contact:


   reach4entertainment enterprises plc

Marc Boyan, CEO

Paul Summers, COO

Phone: +44 (0)20 7968 1655

Yellow Jersey PR

Phone: +44 (0)7747 788 221 / +44 (0)7544 275 882

Charles Goodwin


Harriet Jackson

Grant Thornton, NOMAD

Phone: +44 (0)20 7383 5100

Philip Secrett

Jamie Barklem

Seamus Fricker

Dowgate Capital, Broker

Phone: +44 (0)20 3903 7715

James Serjeant

David Poutney


Notes to Editors


reach4entertainment enterprises plc ("r4e") operates a collection of theatrical, film and live entertainment marketing, PR, advertising and display agencies, across the world. The Company uses its extensive experience in the live entertainments space to create value through investing in innovative and established agencies that provide communications services to a range of clients involved with theatre, film, concerts and more.


For further information on r4e you are invited to visit the Company's website at


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Buzz 16 is an independent production company, which creates both short and long form sports orientated content. The Company was co-founded by former Manchester United player and respected broadcaster, Gary Neville, along with former Sky Sports Premier League producer, Scott Melvin.


Sold Out

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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 or visit

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