Reach PLC Director/PDMR Shareholding (1705W)
14 Abril 2023 - 7:00AM
UK Regulatory
TIDMRCH
RNS Number : 1705W
Reach PLC
14 April 2023
14 April 2023
Reach plc (the "Company")
Notification of Transactions by Persons Discharging Managerial
Responsibilities ("PDMRs")
Grant of 2023 Awards under the Reach Long Term Incentive Plan
("LTIP")
On 13 April 2023, the Company granted nil-cost options over
ordinary shares of 10p each in the capital of the Company to the
following Directors and PDMRs under the LTIP and the following
additional terms.
The number of shares under the LTIP options has been calculated
using the three-month average share price to the date of grant of
GBP0.848 per share.
Vesting of the LTIP options granted in 2023 are subject to the
achievement of performance conditions over a three-year period, as
set out on page 136 in the Company's 2022 Annual Report.
Vested LTIP options held by a Director will also be subject to a
post-vesting holding period of two years. During the holding
period, restrictions will apply to the sale or other disposal of
the shares (other than to satisfy any tax liability).
The notifications below, which has 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 Jim Mullen
--------------------------- --------------------------------------
Reason for the notification
2
-------------------------------------------------------------------
a) Position/status Chief Executive 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 Grant of nil-cost share options under
the Reach Long Term Incentive Plan
--------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBPnil 1,040,970
----------
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price
e) Date of the transaction 2023-04-13
--------------------------- --------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------- --------------------------------------
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 Grant of nil-cost share options under
the Reach Long Term Incentive Plan
--------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBPnil 582,708
----------
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price
e) Date of the transaction 2023-04-13
--------------------------- --------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------- --------------------------------------
Enquiries
020 7293
Reach 3000
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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END
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