Reach PLC Director/PDMR Shareholding (7387D)

TIDMRCH

RNS Number : 7387D

Reach PLC

23 June 2023

23 June 2023

Reach plc (the "Company")

Notification of Transactions by a Person Discharging Managerial Responsibilities ("PDMR")

Exercise of 2023 Buy-Out Award under the Reach Long Term Incentive Plan ("LTIP") and sale of shares

On 6 June 2023, one of the buy-out awards granted to Mr. Darren Fisher, Chief Financial Officer, under the LTIP granted on 6 June 2023 vested and became exercisable. On 22 June 2023, Mr. Fisher exercised his LTIP award and a number of the vested shares have been sold to cover applicable withholding tax and other deductions arising on exercise (the 'sale').

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

 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)    Name                                     Darren Fisher 
      ---------------------------------------  -------------------------------------------- 
       Reason for the notification 
  2 
      ------------------------------------------------------------------------------------- 
 a)    Position/status                          Chief Financial Officer 
      ---------------------------------------  -------------------------------------------- 
 b)    Initial notification                     Initial Notification 
        /Amendment 
      ---------------------------------------  -------------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------------------- 
 a)    Name                                     Reach plc 
      ---------------------------------------  -------------------------------------------- 
 b)    LEI                                      213800GNI5XF3XOATR61 
      ---------------------------------------  -------------------------------------------- 
       Details of the transaction(s): section to be repeated 
  4     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                       Ordinary 10p Shares 
        financial instrument, 
        type of instrument 
 
       Identification code                      GB0009039941 
 
 b)    Nature of the transaction                Exercise of award granted under the 
                                                 LTIP on 6 June 2023 
      ---------------------------------------  -------------------------------------------- 
 c)    Price(s) and volume(s) 
                                                        Price(s)    Volume(s) 
                                                       ----------  ---------- 
                                                        Nil         95,760 
                                                       ----------  ---------- 
      ---------------------------------------  -------------------------------------------- 
 d)    Aggregated information 
 
       - Aggregated volume                      N/A 
 
       - Price                                  Nil 
 
 e)    Date of the transaction                  2023-06-22 
      ---------------------------------------  -------------------------------------------- 
 f)    Place of the transaction                 Outside a trading venue 
      ---------------------------------------  -------------------------------------------- 
       Details of the transaction(s): section to be repeated 
  4     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                       Ordinary 10p Shares 
        financial instrument, 
        type of instrument 
 
       Identification code                      GB0009039941 
 
 b)    Nature of the transaction                Sale of shares to cover some of the 
                                                 applicable withholding tax and other 
                                                 deductions arising on exercise of 
                                                 the award under the LTIP 
      ---------------------------------------  -------------------------------------------- 
 c)    Price(s) and volume(s) 
                                                --------------------  ------------------- 
                                                 Price(s)              Volume(s) 
                                                --------------------  ------------------- 
    GBP0.668                                                           45,168 
   -----------------------------------------------------------------  ------------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                      N/A 
 
  - Price                                  GBP0.668 
 
 e)    Date of the transaction                  2023-06-22 
      ---------------------------------------  -------------------------------------------- 
 f)    Place of the transaction                  XLON 
      ---------------------------------------  -------------------------------------------- 
 

Enquiries

 
 
                                                   020 7293 
Reach                                               3000 
Jim Mullen, Chief Executive Officer 
 Lorraine Clover, Group Company Secretary 
                                                   020 7353 
  Teneo                                             4200 
Giles Kernick 
 
 
LEI: 213800GNI5XF3XOATR61 
 Classification: 2.2 Information disclosed under 
 article 19 of the Market Abuse Regulation. 
 

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June 23, 2023 06:00 ET (10:00 GMT)