Reach PLC Director/PDMR Shareholding (7387D)
June 23 2023 - 6:00AM
UK Regulatory
TIDMRCH
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.
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Darren Fisher
--------------------------------------- --------------------------------------------
Reason for the notification
2
-------------------------------------------------------------------------------------
a) Position/status Chief Financial Officer
--------------------------------------- --------------------------------------------
b) Initial notification Initial Notification
/Amendment
--------------------------------------- --------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------
a) Name Reach plc
--------------------------------------- --------------------------------------------
b) LEI 213800GNI5XF3XOATR61
--------------------------------------- --------------------------------------------
Details of the transaction(s): section to be repeated
4 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 Ordinary 10p Shares
financial instrument,
type of instrument
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
--------------------------------------- --------------------------------------------
Details of the transaction(s): section to be repeated
4 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 Ordinary 10p Shares
financial instrument,
type of instrument
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)
-------------------- -------------------
GBP0.668 45,168
----------------------------------------------------------------- -------------------
d) Aggregated information
- Aggregated volume N/A
- Price GBP0.668
e) Date of the transaction 2023-06-22
--------------------------------------- --------------------------------------------
f) Place of the transaction XLON
--------------------------------------- --------------------------------------------
Enquiries
020 7293
Reach 3000
Jim Mullen, Chief Executive Officer
Lorraine Clover, Group Company Secretary
020 7353
Teneo 4200
Giles Kernick
LEI: 213800GNI5XF3XOATR61
Classification: 2.2 Information disclosed under
article 19 of the Market Abuse Regulation.
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END
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