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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