REG - Reach PLC - Director/PDMR Shareholding

ReachAnnouncement

12/03/2019 17:05

RNS Number : 6544S
Reach PLC
12 March 2019
 


12 March 2019
Reach plc (the "Company")
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them



1
 


Details of the person discharging managerial responsibilities / person closely associated
 




a)
 


Name
 
 


Simon Fox




2
 


Reason for the notification
 




a)
 


Position/status
 
 


Chief Executive ("PDMR")




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




4.1
 


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 ("Ordinary Shares")














Identification code


GB0009039941














b)
 


Nature of the transaction
 
 


(i) Exercise of awards for nominal consideration (£1), granted on 11 March 2016 under the Long Term Incentive Plan 2012 ("LTIP").
(ii) Sale of  94,352 Ordinary Shares to cover tax, NI liability and associated transaction costs.
(iii) The remaining shares of 105,988 are subject to a 2 year holding period and will be retained by the Trust.
 




c)
 


Price(s) and volume(s)




























Price(s)


Volume(s)
















(i) Nil


200,340
















Total


200,340
















(ii) 59.8p


94,352
















(iii) Nil


105,988






























d)
 


Aggregated information


















- Aggregated volume


200,340














- Price


59.8p














e)
 


Date of the transaction
 
 


12 March 2019




f)
 


Place of the transaction
 
 


London Stock Exchange (XLON)
 




4.2
 


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 ("Ordinary Shares")














Identification code


GB0009039941














b)
 


Nature of the transaction
 
 


(i) Application of an additional number of Ordinary Shares representing Ordinary Shares which could have been acquired using dividends declared during the Restricted Period, to restricted shares granted under the Restricted Share Plan ("RSP") on 11 March 2016,
(i) release of award of restricted shares granted under the RSP on 11 March 2016;
(ii) sale of 25,037 Ordinary Shares to cover tax, NI liability and associated costs; and
(iii) transfer of balance of 28,123 to the PDMR.
 
 




c)
 


Price(s) and volume(s)




























Price(s)


Volume(s)
















(i) 59.8p


8,698
















(ii) 59.8p


44,462
















Total


53,160
















(iii)[Nil


28,123






























d)
 


Aggregated information


















- Aggregated volume


53,160














- Price


59.8p














e)
 


Date of the transaction
 
 


12 March 2019




f)
 


Place of the transaction
 
 


London Stock Exchange (XLON)
 



 
 
 
 
Enquiries



Reach plc








Simon Fox, Chief Executive
Simon Fuller, Chief Financial Officer and Company Secretary


020 7293 3553




 
Brunswick








Nick Cosgrove, Partner


020 7404 5959




Will Medvei, Director












 
 




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