REG - Reach PLC - Director/PDMR Shareholding
RNS Number : 2929SReach PLC15 March 202115 March 2021
Reach plc (the "Company")
Director/PDMR Shareholding
Issue of Bonus Shares
Following approval at the General Meeting held on 22 October 2020, Reach plc announced on 23 October 2020 that it issued 12,798,952 Ordinary shares of £0.10p each to shareholders on the Company's register of members at 6.00 p.m. on 22 October 2020 (the "Bonus Issue"). Shareholders were expected to receive one Bonus Issue share for every 23.38 Ordinary shares held in lieu of an interim dividend.
In connection with the Bonus Issue the following Directors and other Shareholders received Reach plc Ordinary shares in lieu of the 2020 interim dividend.
The information contained in this notification is made in accordance with the requirements Article 19(3) of the UK Market Abuse Regulation.
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Jim Mullen
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
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
Issue of Reach plc ordinary shares of £0.10p by way of a bonus issue of shares in lieu of the 2020 dividend in connection with (i) Shares owned by the Chief Executive Officer, (ii) Shares currently held in the Restricted Share Plan granted on 27/03/2020, (iii) Shares currently held in the Long Term Incentive Plan granted on 04/12/2019, and (iiii) Shares currently held in the Long Term Incentive Plan granted on 27/03/2020.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
(i) Nil
4,276
(ii) Nil
1,432
(iii) Nil
41,587
(iiii) Nil
32,088
d)
Aggregated information
- Aggregated volume
79,383
- Price
N/A
e)
Date of the transaction
23 October 2020.
The share plan allocations were notified to participants on 9 November 2020.
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Simon Fuller
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
Issue of Reach plc ordinary shares of £0.10p by way of a bonus issue of shares in lieu of the 2020 interim dividend in connection with (i) Shares currently held in the Restricted Share Plan granted on 11/03/2019, (ii) Shares currently held in the Restricted Share Plan granted on 27/03/2020, (iii) Shares currently held in the Long Term Incentive Plan granted on 11/03/2019, and (iiii) Shares currently held in the Long Term Incentive Plan granted on 27/03/2020.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
(i) Nil
3,310
(ii) Nil
639
(iii) Nil
35,751
(iiii) Nil
20,027
d)
Aggregated information
- Aggregated volume
59,727
- Price
N/A
e)
Date of the transaction
23 October 2020.
The share plan allocations were notified to participants on 9 November 2020.
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Nicholas Prettejohn
2
Reason for the notification
a)
Position/status
Chairman
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
Issue of Reach plc ordinary shares of £0.10p by way of a bonus issue of shares in lieu of the 2020 interim dividend
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
4,563
d)
Aggregated information
- Aggregated volume
4,563
- Price
N/A
e)
Date of the transaction
23 October 2020
f)
Place of the transaction
Outside a trading venue
Enquiries
Reach plc
Jim Mullen, Chief Executive Officer
Simon Fuller, Chief Financial Officer
communications@reachplc.com
Ciaran O'Brien, Director of Communications
020 7353 4200
Tulchan Communications
David Allchurch / Giles Kernick
reachplc@tulchangroup.com
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