REG - Reach PLC - Purchase of Shares for the Employee Benefit Trust

ReachAnnouncement

29/03/2022 11:30

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RNS Number : 3887G  Reach PLC  29 March 2022

29 March 2022

 

Reach plc

("the Company")

Purchase of Shares for the Employee Benefit Trust

 

The Company has been notified by the Trustee of the Reach Employee Benefit
Trust ('EBT') that the EBT has purchased a total of 521,310 Ordinary Shares of
10p each in the Company. Further detail is set out below.

 

 Date           Exchange  Number of shares  Price per share (pence)
 25 March 2022  XLON      189,633           190.4164

 28 March 2022  XLON      331,677           190.5299

 

The average price of the above purchases was 190.4886 pence per share.

 

The shares will be held in the EBT, which is a discretionary trust for the
benefit of the Group's employees. The shares will be used to satisfy the
exercise of share options by employees or the release of restricted shares,
including to Persons Discharging Managerial Responsibility ('PDMRs') of the
Company.

 

Further to this purchase, the EBT holds a total of 3,295,508 Ordinary Shares
which represents 1.05% of the Company's issued share capital. The total number
of Ordinary Shares of 10p each in issue (excluding treasury shares) is
315,064,281.

 

  Enquiries
 Reach plc
 Jim Mullen, Chief Executive                                                         020 7293 3000

 Simon Fuller, Chief Financial Officer

 Lorraine Clover, Group Company Secretary

 Tulchan Communications
 Giles Kernick                                                                       020 7353 4200

 LEI: 213800GNI5XF3XOATR61

 Classification: 3.1 Additional regulated information required to be disclosed
 under the laws of a Member State

 

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