Director/PDMR Shareholding

RNS Number : 3515K

Reach PLC

20 December 2022

 

20 December 2022

Reach plc (the "Company")

Notification of Transactions by a Person Discharging Managerial Responsibilities ("PDMR")

Reach Long-Term Incentive Plan 2012 ("LTIP") - Sale of Shares for 2019 Award

Further to the announcement on 16 December 2022, the sale of shares to cover applicable withholding tax and other deductions arising on exercise of Jim Mullen's LTIP 2019 award has now completed. The notification set out below details the shares sold on 16 and 19 December 2022 only. The total number of shares sold to cover applicable withholding tax and other deductions arising on exercise (including those previously announced on 16 December 2022) is 477,516 shares.

The remaining shares are subject to a two-year holding period from 4 December 2022 to 4 December 2024.

The notification below, which has been made in accordance with the requirements of the Market Abuse Regulation, provides further detail.

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	Sale of shares to cover some of the applicable withholding tax and other deductions arising on exercise of the award under the LTIP
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£0.905179	156,590
d)	Aggregated information
	- Aggregated volume	156,590
	- Price	£0. 905179
e)	Date of the transaction	2022-12-19
f)	Place of the transaction	XLON

Enquiries

Reach	020 7293 3000
Lorraine Clover, Group Company Secretary
Tulchan Communications	020 7353 4200
Giles Kernick  / David Allchurch
LEI: 213800GNI5XF3XOATR61 Classification: 2.2 Information disclosed under article 19 of the Market Abuse Regulation.

 

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