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

ReachAnnouncement

04/04/2025 11:00

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RNS Number : 7171D  Reach PLC  04 April 2025

4 April 2025

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 414,174 Ordinary Shares of
10p each in the Company. Further detail is set out below.

 

This purchase is in line with the position confirmed to shareholders at the
2024 AGM that the Company intends to buy shares into the EBT when it is
appropriate to do so to aid the management of overall dilution from share
plans.

 

 Date          Exchange  Number of shares  Price per share

                                           (pence)
 2 April 2025  XLON      275,000           72.2
 3 April 2025  XLON      139,174           71.3947

 

The average price of the above purchases was 71.79735 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 2,743,291 Ordinary Shares
which represents 0.86% of the Company's issued share capital. The total number
of Ordinary Shares of 10p each in issue (excluding treasury shares) is
318,157,956.

The Company will continue to keep this under review, and will look to make
further purchases into the EBT when it is appropriate to do so.

 

 

 Enquiries

 Reach plc

 Piers North, Chief Executive Officer     020 7293 3000

 Darren Fisher, Chief Financial Officer

 Laura Harris, Group Company Secretary

 Teneo

 Giles Kernick                            020 7353 4200

 

 

LEI: 213800GNI5XF3XOATR61

Classification: 3.1 Additional regulated information required to be disclosed
under the laws of the United Kingdom

 

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