RNS Number : 7038E
Reach PLC
11 April 2025
11 April 2025
Reach plc (the Company)
Notification of Transactions by a Person Discharging Managerial Responsibilities (PDMR)
Exercise of 2023 Buy-Out Award under the Reach Long Term Incentive Plan (LTIP) and sale of shares
On 28 March 2025, two buy-out awards granted on 6 June 2023 under the LTIP to Darren Fisher, Chief Financial Officer, vested and became exercisable. On 10 April 2025, Mr. Fisher exercised his LTIP award and a number of the vested shares have been sold to cover applicable withholding tax and other deductions arising on exercise (the 'sale').
The notification below, which has been made in accordance with the requirements of the Market Abuse Regulation, provides further detail.
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Darren Fisher
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
Reach plc
b)
LEI
213800GNI5XF3XOATR61
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 10p Shares
Identification code
GB0009039941
b)
Nature of the transaction
Exercise of awards granted under the LTIP on 6 June 2023.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
91,121
Nil
87,224
d)
Aggregated information
- Aggregated volume
178,345
- Price
Nil
e)
Date of the transaction
2025-04-10
f)
Place of the transaction
Outside a trading venue
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 10p Shares
Identification code
GB0009039941
b)
Nature of the transaction
Sale of shares to cover some of the applicable withholding tax and other deductions arising on exercise of the awards under the LTIP
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£0.677
84,119
d)
Aggregated information
- Aggregated volume
N/A
- Price
£0.677
e)
Date of the transaction
2025-04-10
f)
Place of the transaction
XLON
Enquiries
Reach
020 7293 3000
Laura Harris, Group Company Secretary
Teneo
020 7353 4200
Giles Kernick
LEI:213800GNI5XF3XOATR61 Classification:2.2 Information disclosed under article 19 of the Market Abuse Regulation.
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