REG - Reach PLC - Director/PDMR Shareholding

ReachAnnouncement

15/03/2022 11:00

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RNS Number : 8118E  Reach PLC  15 March 2022

15 March 2022

 

Reach plc (the "Company")

 

Notification of Transactions by a Person Discharging Managerial
Responsibilities ("PDMR")

 

Release of 2019 Award under the Reach Restricted Share Plan ("RSP")

 

The Company announces that on 11 March 2022, ordinary shares of 10 pence each
in the Company ("Shares") were released to Simon Fuller, in accordance with
the terms of an award granted to him under the RSP on 11 March 2019 (and
including additional Shares issued to Mr. Fuller in October 2020 in relation
to the bonus issue). On release, Mr. Fuller also received an additional number
of Shares representing Shares which could have been acquired using dividends
declared during the restricted period. Shares were sold to cover tax
liabilities and sales costs, and Mr. Fuller retained the balance of the
Shares.

 

Vesting of 2019 Award under the Reach Long-Term Incentive Plan 2012 ("LTIP")

 

On 11 March 2022, the award granted to Mr. Fuller under the LTIP on 11 March
2019 vested and became exercisable. This award is subject to a two-year
holding period from 11 March 2022 to 11 March 2024. The award can be exercised
at any time up to 11 June 2024, and a further announcement will be made at the
point of exercise.

 

The notification below, which have 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                                                         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                                    a.   Application and release of an additional number of shares representing

                                                            shares which could have been acquired using dividends declared during the
                                                                   restricted period, to restricted shares granted under the RSP on 11 March

                                                            2019.

                                                                   b.   Release of award of restricted shares granted under the RSP on 11 March
                                                                   2019.
 c)   Price(s) and volume(s)

                                                                                         Price(s)              Volume(s)
                                                                   a.                    Nil                   8,481
                                                                   b.                    Nil                   80,709

 d)   Aggregated information

      - Aggregated volume                                          89,190

      - Price                                                      Nil

 e)   Date of the transaction                                      2022-03-11

 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 applicable withholding tax and other deductions

                                                            arising on release of the award under the RSP

 c)   Price(s) and volume(s)

                                                                                         Price(s)              Volume(s)
                                                                                         £1.78421              42,005

 d)   Aggregated information

      - Aggregated volume                                          42,005

      - Price                                                      £1.78421

 e)   Date of the transaction                                      2022-03-11

 f)   Place of the transaction                                      XLON

 

 

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
 Giles Kernick

 LEI: 213800GNI5XF3XOATR61

 Classification: 2.2 Information disclosed under article 19 of the Market Abuse
 Regulation.

 

 

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