28 March 2023
Reach plc (the "Company")
Notification of Transactions by a Person Discharging Managerial Responsibilities ("PDMR")
Release of 2020 Award under the Reach Restricted Share Plan ("RSP")
The Company announces that on 27 March 2023, ordinary shares of 10 pence each in the Company ("Shares") were released to Jim Mullen, in accordance with the terms of an award granted to him under the RSP on 27 March 2020 (and including additional Shares issued to Mr. Mullen in October 2020 in relation to the bonus issue). On release, Mr. Mullen also received an additional number of Shares representing Shares which could have been acquired using dividends declared during the restricted period. Shares were sold to cover tax liabilities and sales costs, and Mr. Mullen retained the balance of the Shares.
| 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
| a. Application and release of an additional number of shares representing shares which could have been acquired using dividends declared during the restricted period, to restricted shares granted under the RSP on 27 March 2020. b. Release of award of restricted shares granted under the RSP on 27 March 2020. | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | a. | Nil | 3,398 | | |
| | b. | Nil | 34,932 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | 38,330 | ||||
| | | ||||
| - Price | Nil | ||||
| | | ||||
| e)
| Date of the transaction
| 2023-03-27 | |||
| 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 applicable withholding tax and other deductions arising on release of the award under the RSP
| |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | £0.7375 | 18,080 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | 18,080 | ||||
| | | ||||
| - Price | £0.7375 | ||||
| | | ||||
| e)
| Date of the transaction
| 2023-03-27 | |||
| f)
| Place of the transaction
| XLON | |||
Enquiries
| | |
| Reach | 020 7293 3000 |
| Jim Mullen, Chief Executive Officer Darren Fisher, Chief Financial Officer Lorraine Clover, Group Company Secretary
| |
| Tulchan Communications | 020 7353 4200 |
| David Allchurch / Giles Kernick | |
| | |
| | |
| LEI: 213800GNI5XF3XOATR61 Classification: 2.2 Information disclosed under article 19 of the Market Abuse Regulation.
| |
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