REG - Reach PLC - Director/PDMR Shareholding

ReachAnnouncement

04/09/2024 14:00

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RNS Number : 9193C  Reach PLC  04 September 2024

4 September 2024

 

Reach plc (the "Company")

 

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

 

The Company announces that on 4 September 2024 Jim Mullen, Chief Executive,
cancelled his participation in the 2021 Sharesave Scheme resulting in the
lapse of an option over 3,658 shares (and return of the accumulated savings to
him). This option was granted to Mr Mullen on 14 July 2021 with an exercise
price of £2.46, and was, therefore, underwater.

 

Mr. Mullen has made an application to participate in the 2024 Sharesave
Scheme. A further announcement will be made once any option is granted to him.

 

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

 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                                    Cancellation of participation and lapse of option granted under the 2021

                                                            Sharesave Scheme on 14 July 2021

 c)   Price(s) and volume(s)

                                                                                        Price(s)             Volume(s)
                                                                                        £2.46                3,658

 d)   Aggregated information

      - Aggregated volume                                          3,658

      - Price                                                      £2.46

 e)   Date of the transaction                                      2024-09-04

 f)   Place of the transaction                                     Outside a trading venue

 

Enquiries

 Reach                                                                            020 7293 3000
 Laura Harris, Group Company Secretary
 Teneo                                                                            020 7353 4200
 David Allchurch / Giles Kernick

 LEI: 213800GNI5XF3XOATR61

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

 

 

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