RNS Number : 7387D
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.

 


 

 

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