We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Reach plc | AQSE:RCH.GB | Aquis Stock Exchange | Ordinary Share | GB0009039941 | Ordinary Shares 10p |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -1.50 | -2.14% | 68.50 | 62.00 | 75.00 | 71.00 | 69.00 | 71.00 | 80,000 | 16:29:38 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2022 to Apr 2024
TIDMRCH
RNS Number : 7435T
Reach PLC
21 March 2023
21 March 2023
Reach plc
("the Company")
Long Term Incentive Plan 2012 ("LTIP")
Waiver of Award Granted to Jim Mullen
On 27 March 2020 the independent trustee (the "Trustee") of the Company's Employees' Benefit Trust granted awards under the LTIP to acquire ordinary shares in the capital of the Company to Jim Mullen for the amount of 750,258 shares.
The LTIP award is scheduled to vest on or after 27 March 2023 in accordance with the LTIP rules subject to satisfaction of the applicable Performance Conditions relating to cumulative adjusted net cash flow and relative total shareholder return, as measured over financial years 2020, 2021 and 2022.
As noted in the Company's 2022 Annual Report, the indicative vesting outcome for the 2020 LTIP awards was 46.43% of maximum which would otherwise have resulted in the 2020 LTIP award held by Mr Mullen vesting over 363,274 shares. Despite this positive outcome, Jim Mullen asked that his 2020 LTIP award not vest and that his award be cancelled.
On 21 March 2023, the Company received, and the Board has accepted, a waiver by Jim Mullen of his 2020 LTIP award together with all related rights. No compensation shall be paid to Mr Mullen in respect of the waiver.
Enquiries Reach plc Lorraine Clover, Group Company Secretary 020 7293 3000 Tulchan Communications Giles Kernick / David Allchurch 020 7353 4200 LEI: 213800GNI5XF3XOATR61 Classification: 3.1 Additional Information
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
DSHFLFSFVRILFIV
(END) Dow Jones Newswires
March 21, 2023 10:00 ET (14:00 GMT)
1 Year Reach Chart |
1 Month Reach Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
