Reach PLC Director/PDMR Shareholding (3515K)
December 20 2022 - 7:00AM
UK Regulatory
TIDMRCH
RNS Number : 3515K
Reach PLC
20 December 2022
20 December 2022
Reach plc (the "Company")
Notification of Transactions by a Person Discharging Managerial
Responsibilities ("PDMR")
Reach Long-Term Incentive Plan 2012 ("LTIP") - Sale of Shares
for 2019 Award
Further to the announcement on 16 December 2022, the sale of
shares to cover applicable withholding tax and other deductions
arising on exercise of Jim Mullen's LTIP 2019 award has now
completed. The notification set out below details the shares sold
on 16 and 19 December 2022 only. The total number of shares sold to
cover applicable withholding tax and other deductions arising on
exercise (including those previously announced on 16 December 2022)
is 477,516 shares.
The remaining shares are subject to a two-year holding period
from 4 December 2022 to 4 December 2024.
The notification below, which has 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 Jim Mullen
------------------------------------- --------------------------------------------
Reason for the notification
2
-----------------------------------------------------------------------------------
a) Position/status Chief Executive 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 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)
---------------------- -----------------
GBP0.905179 156,590
----------------------------------------------------------------- -----------------
d) Aggregated information
- Aggregated volume 156,590
- Price GBP0. 905179
e) Date of the transaction 2022-12-19
------------------------------------- --------------------------------------------
f) Place of the transaction XLON
------------------------------------- --------------------------------------------
Enquiries
020 7293
Reach 3000
Lorraine Clover, Group Company Secretary
020 7353
Tulchan Communications 4200
Giles Kernick / David Allchurch
LEI: 213800GNI5XF3XOATR61
Classification: 2.2 Information disclosed under
article 19 of the Market Abuse Regulation.
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END
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