Director/PDMR Shareholding

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 /Amendment

 

 

Initial Notification

 

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 financial instrument, type of instrument

Ordinary 10p Shares ("Ordinary Shares")



Identification code

GB0009039941



b)

 

Nature of the transaction

 

 

(i) Exercise of awards for nominal consideration (£1), 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 financial instrument, type of instrument

Ordinary 10p Shares ("Ordinary Shares")



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


 

 


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