Director/PDMR Shareholding

Reach PLC

23 June 2023

 

23 June 2023

Reach plc (the "Company")

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

Exercise of 2023 Buy-Out Award under the Reach Long Term Incentive Plan ("LTIP") and sale of shares

On 6 June 2023, one of the buy-out awards granted to Mr. Darren Fisher, Chief Financial Officer, under the LTIP granted on 6 June 2023 vested and became exercisable. On 22 June 2023, Mr. Fisher exercised his LTIP award and a number of the vested shares have been sold to cover applicable withholding tax and other deductions arising on exercise (the 'sale').

The notification below, which have 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	Darren Fisher
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	Exercise of award granted under the LTIP on 6 June 2023
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 95,760
d)	Aggregated information
	- Aggregated volume	N/A
	- Price	Nil
e)	Date of the transaction	2023-06-22
f)	Place of the transaction	Outside a trading venue
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)
			£0.668	45,168
d)	Aggregated information
	- Aggregated volume	N/A
	- Price	£0.668
e)	Date of the transaction	2023-06-22
f)	Place of the transaction	XLON

Enquiries

Reach	020 7293 3000
Jim Mullen, Chief Executive Officer Lorraine Clover, Group Company Secretary
Teneo	020 7353 4200
Giles Kernick
LEI: 213800GNI5XF3XOATR61 Classification: 2.2 Information disclosed under article 19 of the Market Abuse Regulation.

 

END