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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