Director/PDMR Shareholding

RNS Number : 2929S

Reach PLC

15 March 2021

 

15 March 2021

Reach plc (the "Company")

Director/PDMR Shareholding

Issue of Bonus Shares

Following approval at the General Meeting held on 22 October 2020, Reach plc announced on 23 October 2020 that it issued 12,798,952 Ordinary shares of £0.10p each to shareholders on the Company's register of members at 6.00 p.m. on 22 October 2020 (the "Bonus Issue"). Shareholders were expected to receive one Bonus Issue share for every 23.38 Ordinary shares held in lieu of an interim dividend.

In connection with the Bonus Issue the following Directors and other Shareholders received Reach plc Ordinary shares in lieu of the 2020 interim dividend.

The information contained in this notification is made in accordance with the requirements Article 19(3) of the UK Market Abuse Regulation.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jim Mullen
2	Reason for the notification
a)	Position/status	Chief Executive Officer
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	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
	Identification code	GB0009039941
b)	Nature of the transaction	Issue of Reach plc ordinary shares  of £0.10p by way of a bonus issue of shares in lieu of the 2020 dividend in connection with (i) Shares owned by the Chief Executive Officer, (ii) Shares currently held in the Restricted Share Plan granted on 27/03/2020, (iii) Shares currently held in the Long Term Incentive Plan granted on 04/12/2019, and (iiii) Shares currently held in the Long Term Incentive Plan granted on 27/03/2020.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			(i) Nil	4,276
			(ii) Nil	1,432
			(iii) Nil	41,587
			(iiii) Nil	32,088
d)	Aggregated information
	- Aggregated volume	79,383
	- Price	N/A
e)	Date of the transaction	23 October 2020. The share plan allocations were notified to participants on 9 November 2020.
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Simon Fuller
2	Reason for the notification
a)	Position/status	Chief Financial Officer
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	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
	Identification code	GB0009039941
b)	Nature of the transaction	Issue of Reach plc ordinary shares  of £0.10p by way of a bonus issue of shares in lieu of the 2020 interim dividend in connection with (i) Shares currently held in the Restricted Share Plan granted on 11/03/2019, (ii) Shares currently held in the Restricted Share Plan granted on 27/03/2020, (iii) Shares currently held in the Long Term Incentive Plan granted on 11/03/2019, and (iiii) Shares currently held in the Long Term Incentive Plan granted on 27/03/2020.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			(i) Nil	3,310
			(ii) Nil	639
			(iii) Nil	35,751
			(iiii) Nil	20,027
d)	Aggregated information
	- Aggregated volume	59,727
	- Price	N/A
e)	Date of the transaction	23 October 2020. The share plan allocations were notified to participants on 9 November 2020.
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Nicholas Prettejohn
2	Reason for the notification
a)	Position/status	Chairman
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	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
	Identification code	GB0009039941
b)	Nature of the transaction	Issue of Reach plc ordinary shares of £0.10p by way of a bonus issue of shares in lieu of the 2020 interim dividend
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil	4,563
d)	Aggregated information
	- Aggregated volume	4,563
	- Price	N/A
e)	Date of the transaction	23 October 2020
f)	Place of the transaction	Outside a trading venue

Enquiries

Reach plc
Jim Mullen, Chief Executive Officer Simon Fuller, Chief Financial Officer		[e-mail]
Ciaran O'Brien, Director of Communications		020 7353 4200
Tulchan Communications
David Allchurch / Giles Kernick		[e-mail]

 

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