RNS Number : 9193C
Reach PLC
04 September 2024
 

4 September 2024

 

Reach plc (the "Company")

 

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

 

The Company announces that on 4 September 2024 Jim Mullen, Chief Executive, cancelled his participation in the 2021 Sharesave Scheme resulting in the lapse of an option over 3,658 shares (and return of the accumulated savings to him). This option was granted to Mr Mullen on 14 July 2021 with an exercise price of £2.46, and was, therefore, underwater.

 

Mr. Mullen has made an application to participate in the 2024 Sharesave Scheme. A further announcement will be made once any option is granted to him.

 

The notification 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

 

Jim Mullen  

2

 

Reason for the notification

 

a)

 

Position/status

 

Chief Executive   

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

 

 

Cancellation of participation and lapse of option granted under the 2021 Sharesave Scheme on 14 July 2021

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




£2.46

3,658












d)

 

Aggregated information




- Aggregated volume

3,658



- Price

£2.46



e)

 

Date of the transaction

 

2024-09-04

f)

 

Place of the transaction

 

Outside a trading venue

 

Enquiries



Reach

020 7293 3000

Laura Harris, Group Company Secretary


Teneo

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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