Purchase of Shares for the Employee Benefit Trust

RNS Number : 3887G

Reach PLC

29 March 2022

 

29 March 2022

Reach plc

("the Company")

Purchase of Shares for the Employee Benefit Trust

The Company has been notified by the Trustee of the Reach Employee Benefit Trust ('EBT') that the EBT has purchased a total of 521,310 Ordinary Shares of 10p each in the Company. Further detail is set out below.

Date	Exchange	Number of shares	Price per share (pence)
25 March 2022	XLON	189,633	190.4164
28 March 2022	XLON	331,677	190.5299

The average price of the above purchases was 190.4886 pence per share.

The shares will be held in the EBT, which is a discretionary trust for the benefit of the Group's employees. The shares will be used to satisfy the exercise of share options by employees or the release of restricted shares, including to Persons Discharging Managerial Responsibility ('PDMRs') of the Company.

Further to this purchase, the EBT holds a total of 3,295,508 Ordinary Shares which represents 1.05% of the Company's issued share capital. The total number of Ordinary Shares of 10p each in issue (excluding treasury shares) is 315,064,281. 

Enquiries
Reach plc
Jim Mullen, Chief Executive Simon Fuller, Chief Financial Officer Lorraine Clover, Group Company Secretary		020 7293 3000
Tulchan Communications
Giles Kernick		020 7353 4200
LEI:  213800GNI5XF3XOATR61 Classification:  3.1 Additional regulated information required to be disclosed under the laws of a Member State

 

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