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Share Name Share Symbol Market Type
Reach NEX:RCH.GB NEX Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 66.00p 62.00p 70.00p - - - 0 01:00:00

Reach PLC Director/PDMR Shareholding

12/03/2019 5:02pm

UK Regulatory (RNS & others)


Reach (NEX:RCH.GB)
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2 Months : From Feb 2019 to Apr 2019

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TIDMRCH

RNS Number : 6544S

Reach PLC

12 March 2019

12 March 2019

Reach plc (the "Company")

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 1      Details of the person discharging managerial responsibilities 
         / person closely associated 
 a)     Name                                   Simon Fox 
       -------------------------------------  ----------------------------------------------- 
 2      Reason for the notification 
       -------------------------------------------------------------------------------------- 
 a)     Position/status                        Chief Executive ("PDMR") 
       -------------------------------------  ----------------------------------------------- 
 b)     Initial notification                   Initial Notification 
         /Amendment 
       -------------------------------------  ----------------------------------------------- 
 3      Details of the issuer, emission allowance market participant, 
         auction platform, auctioneer or auction monitor 
       -------------------------------------------------------------------------------------- 
 a)     Name                                   Reach plc 
       -------------------------------------  ----------------------------------------------- 
 b)     LEI                                    213800GNI5XF3XOATR61 
       -------------------------------------  ----------------------------------------------- 
 4.1    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                     Ordinary 10p Shares ("Ordinary Shares") 
         financial instrument, 
         type of instrument 
 
        Identification code                    GB0009039941 
 
 b)     Nature of the transaction              (i) Exercise of awards for nominal 
                                                consideration (GBP1), granted on 
                                                11 March 2016 under the Long Term 
                                                Incentive Plan 2012 ("LTIP"). 
                                                (ii) Sale of 94,352 Ordinary Shares 
                                                to cover tax, NI liability and associated 
                                                transaction costs. 
                                                (iii) The remaining shares of 105,988 
                                                are subject to a 2 year holding period 
                                                and will be retained by the Trust. 
       -------------------------------------  ----------------------------------------------- 
 c)     Price(s) and volume(s) 
                                              ------------------------  ------------------- 
                                               Price(s)                  Volume(s) 
                                              ------------------------  ------------------- 
                                               (i) Nil                   200,340 
                                              ------------------------  ------------------- 
                                               Total                     200,340 
                                              ------------------------  ------------------- 
                                               (ii) 59.8p                94,352 
                                              ------------------------  ------------------- 
                                               (iii) Nil                 105,988 
                                              ------------------------  ------------------- 
 
 d)     Aggregated information 
 
  - Aggregated volume                          200,340 
 
  - Price                                      59.8p 
 
 e)     Date of the transaction                12 March 2019 
       -------------------------------------  ----------------------------------------------- 
 f)     Place of the transaction               London Stock Exchange (XLON) 
       -------------------------------------  ----------------------------------------------- 
 4.2    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                     Ordinary 10p Shares ("Ordinary Shares") 
         financial instrument, 
         type of instrument 
 
        Identification code                    GB0009039941 
 
 b)     Nature of the transaction              (i) Application of an additional 
                                                number of Ordinary Shares representing 
                                                Ordinary Shares which could have 
                                                been acquired using dividends declared 
                                                during the Restricted Period, to 
                                                restricted shares granted under the 
                                                Restricted Share Plan ("RSP") on 
                                                11 March 2016, 
                                                (i) release of award of restricted 
                                                shares granted under the RSP on 11 
                                                March 2016; 
                                                (ii) sale of 25,037 Ordinary Shares 
                                                to cover tax, NI liability and associated 
                                                costs; and 
                                                (iii) transfer of balance of 28,123 
                                                to the PDMR. 
       -------------------------------------  ----------------------------------------------- 
 c)     Price(s) and volume(s) 
                                              ------------------------  ------------------- 
                                               Price(s)                  Volume(s) 
                                              ------------------------  ------------------- 
                                               (i) 59.8p                 8,698 
                                              ------------------------  ------------------- 
                                               (ii) 59.8p                44,462 
                                              ------------------------  ------------------- 
                                               Total                     53,160 
                                              ------------------------  ------------------- 
                                               (iii)[Nil                 28,123 
                                              ------------------------  ------------------- 
 
 d)     Aggregated information 
 
  - Aggregated volume                          53,160 
 
  - Price                                      59.8p 
 
 e)     Date of the transaction                12 March 2019 
       -------------------------------------  ----------------------------------------------- 
 f)     Place of the transaction               London Stock Exchange (XLON) 
       -------------------------------------  ----------------------------------------------- 
 

Enquiries

 
   Reach plc 
   Simon Fox, Chief Executive 
    Simon Fuller, Chief Financial Officer and Company 
    Secretary                                                 020 7293 3553 
 
     Brunswick 
   Nick Cosgrove, Partner                                     020 7404 5959 
   Will Medvei, Director 
 
 

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.

END

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March 12, 2019 13:02 ET (17:02 GMT)

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