REG - Reach PLC - Director/PDMR Shareholding
RNS Number : 5564FReach PLC16 July 202116 July 2021
Reach plc (the "Company")
Director/PDMR Shareholding
Grant of options under the Reach Savings-Related Share Option Scheme ("Sharesave Scheme")
Reach plc is pleased to announce that it has launched the 2021 Sharesave Scheme for all eligible employees. Eligible employees were invited to subscribe for options ("Options") over the Company's ordinary shares of 10 pence each ("Shares") which have been granted at an exercise price of £2.46 per Share in accordance with the terms of the Sharesave Scheme. The Options were issued on 14 July 2021 and will normally be exercisable from 1 September 2024 for six months.
858 employees have elected to participate in the 2021 Sharesave Scheme and as a result Options over a total of 1,500,736 Shares have been granted in respect of the 2021 Sharesave Scheme.
The following Directors and Persons Discharging Managerial Responsibilities ("PDMRs") have chosen to participate in the 2021 Sharesave Scheme:
Name
Director/PDMR
Number of Shares under Option
Jim Mullen
Director
3,658
Simon Fuller
Director
3,658
The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014 (as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018).
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
Grant of an option under the 2021 Sharesave Scheme
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£nil
3,658
d)
Aggregated information
- Aggregated volume
N/A (single transaction)
- Price
e)
Date of the transaction
14 July 2021
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
Grant of an option under the 2021 Sharesave Scheme
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£nil
3,658
d)
Aggregated information
- Aggregated volume
N/A (single transaction)
- Price
e)
Date of the transaction
14 July 2021
f)
Place of the transaction
Outside a trading venue
Enquiries
Reach
020 7293 3000
Jim Mullen, Chief Executive Officer
Simon Fuller, Chief Financial Officer
Lorraine Clover, Group Company Secretary
Tulchan Communications
020 7353 4200
David Allchurch, Partner
LEI: 213800GNI5XF3XOATR61
Classification: 2.2 Information disclosed under article 19 of the Market Abuse Regulation.
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 rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.ENDDSHXQLFFFDLFBBF
Recent news on Reach
See all newsREG - Reach PLC - Result of AGM
AnnouncementREG - Reach PLC - Trading Update
AnnouncementREG - Reach PLC - Holding(s) in Company
AnnouncementREG - Reach PLC - Notice of Meeting
AnnouncementREG - Reach PLC - Annual Report Publication
Announcement