REG - Reach PLC - Director/PDMR Shareholding

ReachAnnouncement

24/09/2024 11:00

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RNS Number : 4217F  Reach PLC  24 September 2024

24 September 2024

Reach plc (the "Company")

 

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

 

Grant of options under the Reach Savings-Related Share Option Scheme
("Sharesave Scheme")

 

Reach plc is pleased to announce that it has launched the 2024 Sharesave
Scheme for all eligible employees. Eligible employees were invited to
subscribe for options ("Options") over the Company's ordinary shares of 10
pence each ("Shares") which have been granted at an exercise price of £0.89
per Share in accordance with the terms of the Sharesave Scheme. The Options
were issued on 23 September 2024 and will normally be exercisable from 1
November 2027 for six months.

 

520 employees have elected to participate in the 2024 Sharesave Scheme and as
a result Options over a total of 2,400,238 Shares have been granted in respect
of the 2024 Sharesave Scheme.

 

The following Directors and Persons Discharging Managerial Responsibilities
("PDMRs") have chosen to participate in the 2024 Sharesave Scheme:

 

 Name           Director/PDMR  Number of Shares under Option
 Jim Mullen     Director       10,421

 Darren Fisher  Director       10,421

 

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 an option under the 2024 Sharesave Scheme

 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     £nil              10,421

 d)   Aggregated information

      - Aggregated volume                                          N/A - single transaction
      - Price

 e)   Date of the transaction                                      2024-09-23

 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 an option under the 2024 Sharesave Scheme

 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     £nil              10,421

 d)   Aggregated information

      - Aggregated volume                                          N/A - single transaction
      - Price

 e)   Date of the transaction                                      2024-09-23

 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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