Reach4entertainment Enterprises : 26 Jul 2016 Holding(s) in Company

RNS Number : 2874F Reach4Entertainment Enterprises PLC 26 July 2016

TR-1: NOTIFICATION OF MAJOR INTEREST IN

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:	reach4entertainment enterprises plc
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights		X
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the notification obligation:	Gate Ventures plc
4. Full name of shareholder(s) (if different from 3.):	Jim Nominees Ltd
5. Date of the transaction and date on which the threshold is crossed or reached:	25 July 2016
6. Date on which issuer notified:	25 July 2016
7. Threshold(s) that is/are crossed or reached:	Above 19%

8. Notified details:
A: Voting rights attached to shares
Class/type of shares if possible using the ISIN CODE	Situation previous to the triggering transaction		Resulting situation after the triggering transaction
	Number of Shares	Number of Voting Rights	Number of shares	Number of voting rights		% of voting rights
			Direct	Direct	Indirect	Direct	Indirect
GB00B1HLCW86	86,350,000	18.01%	91,150,000	91,150,000	0	19.01%	0%

B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial	Expiration	Exercise/	Number of voting	% of voting
instrument	date	Conversion Period	rights that may be	rights
			acquired if the
			instrument is
			exercised/ converted.
None

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument	Exercise price	Expiration date	Exercise/ Conversion period	Number of voting rights instrument refers to	% of voting rights
None	Nominal	Delta

Total (A+B+C)
Number of voting rights	Percentage of voting rights
91,150,000	19.01%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:

Proxy Voting:
10. Name of the proxy holder:	N/A
11. Number of voting rights proxy holder will cease to hold:	N/A
12. Date on which proxy holder will cease to hold voting rights:	N/A

13. Additional information:
14. Contact name:	Richard Carter CFO
15. Contact telephone number:	07860 527 941