REG - Reach PLC - Director/PDMR Shareholding

ReachAnnouncement

20/12/2022 13:00

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RNS Number : 3515K  Reach PLC  20 December 2022

 

20 December 2022

 

Reach plc (the "Company")

 

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

 

Reach Long-Term Incentive Plan 2012 ("LTIP") - Sale of Shares for 2019 Award

 

Further to the announcement on 16 December 2022, the sale of shares to cover
applicable withholding tax and other deductions arising on exercise of Jim
Mullen's LTIP 2019 award has now completed. The notification set out below
details the shares sold on 16 and 19 December 2022 only. The total number of
shares sold to cover applicable withholding tax and other deductions arising
on exercise (including those previously announced on 16 December 2022) is
477,516 shares.

 

The remaining shares are subject to a two-year holding period from 4 December
2022 to 4 December 2024.

 

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                                                         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                                    Sale of shares to cover some of the applicable withholding tax and other

                                                            deductions arising on exercise of the award under the LTIP

 c)   Price(s) and volume(s)

                                                                                        Price(s)             Volume(s)
                                                                                        £0.905179            156,590

 d)   Aggregated information

      - Aggregated volume                                          156,590

      - Price                                                      £0.905179

 e)   Date of the transaction                                      2022-12-19

 f)   Place of the transaction                                      XLON

 

 

Enquiries

 Reach                                                                            020 7293 3000
 Lorraine Clover, Group Company Secretary
 Tulchan Communications                                                           020 7353 4200
 Giles Kernick  / David Allchurch

 LEI: 213800GNI5XF3XOATR61

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

 

 

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