REG - Reach PLC - Director/PDMR Shareholding

ReachAnnouncement

06/06/2023 13:01

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RNS Number : 8275B  Reach PLC  06 June 2023

6 June 2023

 

Reach plc (the "Company")

 

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

 

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

 

On 6 June 2023, the Company granted nil-cost options over ordinary shares of
10p each in the capital of the Company to Darren Fisher under the LTIP and the
following additional terms.

 

These awards represent a buy-out of awards previously held by Darren Fisher
that were forfeited on his joining the Company. The buy-out awards will vest
on the original vesting dates of the forfeited awards, subject to Darren's
continued employment with Reach up to the relevant vesting dates.

 

The number of shares under the buy-out awards are equivalent in value to the
awards forfeited, calculated using a three-month average share price of 77.71
pence per share.

 

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                                                         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      95,760

                                                            £nil      61,164
                                                                   £nil      80,816

                                                            £nil      77,360
                                                                   £nil      79,566
 d)   Aggregated information

      - Aggregated volume                                           394,666

      - Price                                                      £nil

 e)   Date of the transaction                                      2023-06-06

 f)   Place of the transaction                                     Outside a trading venue

d)

 

Aggregated information

- Aggregated volume

 394,666

- Price

£nil

e)

 

Date of the transaction

 

2023-06-06

f)

 

Place of the transaction

 

Outside a trading venue

 

 

Enquiries

 Reach                                                                            020 7293 3000
 Jim Mullen, Chief Executive Officer

 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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