REG - Reach PLC - Director/PDMR Shareholding

ReachAnnouncement

14/04/2023 11:00

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RNS Number : 1705W  Reach PLC  14 April 2023

14 April 2023

 

Reach plc (the "Company")

 

Notification of Transactions by Persons Discharging Managerial
Responsibilities ("PDMRs")

 

Grant of 2023 Awards under the Reach Long Term Incentive Plan ("LTIP")

 

On 13 April 2023, the Company granted nil-cost options over ordinary shares of
10p each in the capital of the Company to the following Directors and PDMRs
under the LTIP and the following additional terms.

 

The number of shares under the LTIP options has been calculated using the
three-month average share price to the date of grant of £0.848 per share.

 

Vesting of the LTIP options granted in 2023 are subject to the achievement of
performance conditions over a three-year period, as set out on page 136 in the
Company's 2022 Annual Report.

 

Vested LTIP options held by a Director will also be subject to a post-vesting
holding period of two years. During the holding period, restrictions will
apply to the sale or other disposal of the shares (other than to satisfy any
tax liability).

 

The notifications 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                                    Grant of nil-cost share options under the Reach Long Term Incentive Plan

 c)   Price(s) and volume(s)

Price(s)  Volume(s)
                                                                   £nil      1,040,970

 d)   Aggregated information

      - Aggregated volume                                          N/A - single transaction

      - Price

 e)   Date of the transaction                                      2023-04-13

 f)   Place of the transaction                                     Outside a trading venue

d)

 

Aggregated information

- Aggregated volume

N/A - single transaction

- Price

e)

 

Date of the transaction

 

2023-04-13

f)

 

Place of the transaction

 

Outside a trading venue

 

 

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Darren Fisher

 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 nil-cost share options under the Reach Long Term Incentive Plan

 c)   Price(s) and volume(s)

Price(s)  Volume(s)
                                                                   £nil      582,708

 d)   Aggregated information

      - Aggregated volume                                          N/A - single transaction

      - Price

 e)   Date of the transaction                                      2023-04-13

 f)   Place of the transaction                                      Outside a trading venue

d)

 

Aggregated information

- Aggregated volume

N/A - single transaction

- Price

e)

 

Date of the transaction

 

2023-04-13

f)

 

Place of the transaction

 

 Outside a trading venue

 

 

 

 

Enquiries

 Reach                                                                            020 7293 3000
 Lorraine Clover, Group Company Secretary
 Teneo                                                                            020 7353 4200
 Giles Kernick

 LEI: 213800GNI5XF3XOATR61

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

 

 

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