REG - Reach PLC - Director/PDMR Shareholding

ReachAnnouncement

11/04/2025 11:00

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RNS Number : 7029E  Reach PLC  11 April 2025

11 April 2025

 

Reach plc (the Company)

 

Notification of Transactions by Persons Discharging Managerial
Responsibilities (PDMRs)

 

Grant of 2025 Awards under the Reach Long Term Incentive Plan (LTIP)

 

On 10 April 2025, the Company granted nil-cost options over ordinary shares of
10p each in the capital of the Company to the following Directors under the
LTIP.

 

The number of shares under the LTIP options has been calculated using the
three-month average share price to the date of grant of £0.8047 per share.

 

Vesting of the LTIP options is subject to the achievement of performance
conditions over a three-year period, as set out on pages 102 and 103 in the
Company's 2024 Annual Report.

 

Vested LTIP options will also be subject to a post-vesting holding period of
two years. During the holding period, restrictions will apply to the sale or
other disposal of the shares (other than to satisfy any tax liability).

 

The notifications below, which have been made in accordance with the
requirements of the Market Abuse Regulation, provides further detail.

 

Grant of 2025 Awards under the Reach Restricted Share Plan (RSP)

 

On 10 April 2025, the independent trustee (the Trustee) of the Company's
Employee Benefit Trust based in Jersey (the Trust) notified the Company it has
granted restricted share awards to the following Director under the RSP. The
number of shares subject to the restricted share awards has been calculated
using the same three-month average share price as for the LTIP options noted
above.

 

Under the terms of the RSP, the participant is the beneficial owner of the
restricted shares but the shares are held in trust by the Trustee who remains
the legal owner until the shares are released at the end of the three-year
vesting period (the Restricted Period).

 

During the Restricted Period, a participant may not dispose of the Restricted
Shares, and cannot vote or receive any dividends in respect of the restricted
shares. An additional award of shares equal in value to any dividends paid
during the Restricted Period may be made on the release of the awards.

 

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                                                         Piers North

 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 nil-cost share options under the Reach Long Term Incentive Plan

 c)   Price(s) and volume(s)

Price(s)  Volume(s)
                                                                   £nil      733,706

 d)   Aggregated information

      - Aggregated volume                                          N/A - single transaction

      - Price

 e)   Date of the transaction                                      2025-04-10

 f)   Place of the transaction                                     Outside a trading venue

d)

 

Aggregated information

- Aggregated volume

N/A - single transaction

- Price

e)

 

Date of the transaction

 

2025-04-10

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                                    a.   Grant of nil-cost share options under the Reach Long Term Incentive

                                                            Plan

                                                            b.   Grant of restricted shares under the Reach Restricted Share Plan

 c)   Price(s) and volume(s)

  Price(s)  Volume(s)
                                                                   a.  £nil      718,702

                                                            b.  £nil      234,870

 d)   Aggregated information

      - Aggregated volume                                          953,572

      - Price                                                      £nil

 e)   Date of the transaction                                      2025-04-10

 f)   Place of the transaction                                      Outside a trading venue

d)

 

Aggregated information

- Aggregated volume

953,572

- Price

£nil

e)

 

Date of the transaction

 

2025-04-10

f)

 

Place of the transaction

 

 Outside a trading venue

 

 

 

 

Enquiries

 Reach                                                                            020 7293 3000
 Laura Harris, 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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