REG - Reach PLC - Director/PDMR Shareholding

ReachAnnouncement

23/06/2023 11:00

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RNS Number : 7387D  Reach PLC  23 June 2023

 

23 June 2023

 

Reach plc (the "Company")

 

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

 

Exercise of 2023 Buy-Out Award under the Reach Long Term Incentive Plan
("LTIP") and sale of shares

 

On 6 June 2023, one of the buy-out awards granted to Mr. Darren Fisher, Chief
Financial Officer, under the LTIP granted on 6 June 2023 vested and became
exercisable. On 22 June 2023, Mr. Fisher exercised his LTIP award and a number
of the vested shares have been sold to cover applicable withholding tax and
other deductions arising on exercise (the 'sale').

 

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                                                         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                                    Exercise of award granted under the LTIP on 6 June 2023

 c)   Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                    Nil       95,760
 d)   Aggregated information

      - Aggregated volume                                          N/A

      - Price                                                      Nil

 e)   Date of the transaction                                      2023-06-22

 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 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)
                                                                                        £0.668               45,168

 d)   Aggregated information

      - Aggregated volume                                          N/A

      - Price                                                      £0.668

 e)   Date of the transaction                                      2023-06-22

 f)   Place of the transaction                                      XLON

d)

Aggregated information

- Aggregated volume

N/A

- Price

Nil

e)

 

Date of the transaction

 

 

2023-06-22

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 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)

£0.668

45,168

d)

 

Aggregated information

- Aggregated volume

N/A

- Price

£0.668

e)

 

Date of the transaction

 

2023-06-22

f)

 

Place of the transaction

 

 XLON

 

 

Enquiries

 Reach                                                                            020 7293 3000
 Jim Mullen, Chief Executive Officer

 Lorraine Clover, Group Company Secretary
                                                                                  020 7353 4200

 Teneo
 Giles Kernick

 LEI: 213800GNI5XF3XOATR61

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

 

 

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