Director/PDMR Shareholding

RNS Number : 5564F

Reach PLC

16 July 2021

 

  16 July 2021

Reach plc (the "Company")

Director/PDMR Shareholding

Grant of options under the Reach Savings-Related Share Option Scheme ("Sharesave Scheme")

Reach plc is pleased to announce that it has launched the 2021 Sharesave Scheme for all eligible employees. Eligible employees were invited to subscribe for options ("Options") over the Company's ordinary shares of 10 pence each ("Shares") which have been granted at an exercise price of £2.46 per Share in accordance with the terms of the Sharesave Scheme. The Options were issued on 14 July 2021 and will normally be exercisable from 1 September 2024 for six months.

858 employees have elected to participate in the 2021 Sharesave Scheme and as a result Options over a total of 1,500,736 Shares have been granted in respect of the 2021 Sharesave Scheme.

The following Directors and Persons Discharging Managerial Responsibilities ("PDMRs") have chosen to participate in the 2021 Sharesave Scheme:

Name	Director/PDMR	Number of Shares under Option
Jim Mullen	Director	3,658
Simon Fuller	Director	3,658

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014 (as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018).

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	Grant of an option under the 2021 Sharesave Scheme
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£nil	3,658
d)	Aggregated information
	- Aggregated volume	N/A (single transaction)
	- Price
e)	Date of the transaction	14 July 2021
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	Grant of an option under the 2021 Sharesave Scheme
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£nil	3,658
d)	Aggregated information
	- Aggregated volume	N/A (single transaction)
	- Price
e)	Date of the transaction	14 July 2021
f)	Place of the transaction	Outside a trading venue

Enquiries

Reach	020 7293 3000
Jim Mullen, Chief Executive Officer Simon Fuller, Chief Financial Officer Lorraine Clover, Group Company Secretary
Tulchan Communications	020 7353 4200
David Allchurch, Partner
LEI: 213800GNI5XF3XOATR61 Classification: 2.2 Information disclosed under article 19 of the Market Abuse Regulation.

 

END

 

 

DSHXQLFFFDLFBBF