REG - Reach PLC - Director/PDMR Shareholding
05/12/2024 11:00
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RNS Number : 9895O Reach PLC 05 December 2024
5 December 2024
Reach plc (the "Company")
Notification of Transactions by a Person Discharging Managerial
Responsibilities ("PDMR")
Release of 2019 Award under the Reach Long-Term Incentive Plan 2012 ("LTIP")
following two-year holding period
The Company announces that on 4 December 2024, 536,435 ordinary shares of 10
pence each in the Company ("shares") were released to Jim Mullen, in
accordance with the terms of an award granted to him under the LTIP on 4
December 2019 which he exercised on 14 December 2022. From 4 December 2022 to
4 December 2024 the award was subject to a two-year post-vesting holding
period.
A further 103,055 dividend equivalent shares (representing the value of
dividends declared during the two-year post-vesting holding period) were also
released and on 4 December 2024, 48,534 shares were sold to cover tax
liabilities and sales costs in respect to the release of the dividend
equivalent shares, with Mr. Mullen retaining the balance of those shares.
The notifications 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 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 Release of vested LTIP shares following a two-year post-vesting holding period
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 536,435
d) Aggregated information
- Aggregated volume 536,435
- Price Nil
e) Date of the transaction 2024-12-04
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 GB
00
09
03
99
41
b) Nature of the transaction Release of additional dividend equivalent shares
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 103,055
d) Aggregated information
- Aggregated volume 10
3,
05
5
- Price Ni
l
e) Date of the transaction 2024-12-04
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
b) Nature of the transaction Sale of shares to cover applicable withholding tax and other deductions
arising on release of the dividend equivalent shares
c) Price(s) and volume(s)
Price(s) Volume(s)
£0.892 48,534
d) Aggregated information
- Aggregate volume 48,534
£0.892
- Price
e) Date of the transaction 2024-12-04
f) Place of the transaction XLON
d)
Aggregated information
- Aggregated volume
536,435
- Price
Nil
e)
Date of the transaction
2024-12-04
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
Release of additional dividend equivalent shares
c)
Price(s) and volume(s)
Price(s) Volume(s)
Nil 103,055
d)
Aggregated information
- Aggregated volume
103,055
- Price
Nil
e)
Date of the transaction
2024-12-04
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
b)
Nature of the transaction
Sale of shares to cover applicable withholding tax and other deductions
arising on release of the dividend equivalent shares
c)
Price(s) and volume(s)
Price(s) Volume(s)
£0.892 48,534
d)
Aggregated information
- Aggregate volume
- Price
48,534
£0.892
e)
Date of the transaction
2024-12-04
f)
Place of the transaction
XLON
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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