Director/PDMR Shareholding

Reach PLC

06 June 2023

 

6 June 2023

Reach plc (the "Company")

Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs")

Grant of 2023 Buy-Out Awards under the Reach Long Term Incentive Plan ("LTIP")

On 6 June 2023, the Company granted nil-cost options over ordinary shares of 10p each in the capital of the Company to Darren Fisher under the LTIP and the following additional terms.

These awards represent a buy-out of awards previously held by Darren Fisher that were forfeited on his joining the Company. The buy-out awards will vest on the original vesting dates of the forfeited awards, subject to Darren's continued employment with Reach up to the relevant vesting dates.

The number of shares under the buy-out awards are equivalent in value to the awards forfeited, calculated using a three-month average share price of 77.71 pence per share.  

The notifications 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	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	Grant of nil-cost share options under the Reach Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) £nil 95,760 £nil 61,164 £nil 80,816 £nil 77,360 £nil 79,566
d)	Aggregated information
	- Aggregated volume	394,666
	- Price	£nil
e)	Date of the transaction	2023-06-06
f)	Place of the transaction	Outside a trading venue

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.

 

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