Reach PLC Director/PDMR Shareholding (4553U)
March 28 2023 - 5:00AM
UK Regulatory
TIDMRCH
RNS Number : 4553U
Reach PLC
28 March 2023
28 March 2023
Reach plc (the "Company")
Notification of Transactions by a Person Discharging Managerial
Responsibilities ("PDMR")
Release of 2020 Award under the Reach Restricted Share Plan
("RSP")
The Company announces that on 27 March 2023, ordinary shares of
10 pence each in the Company ("Shares") were released to Jim
Mullen, in accordance with the terms of an award granted to him
under the RSP on 27 March 2020 (and including additional Shares
issued to Mr. Mullen in October 2020 in relation to the bonus
issue). On release, Mr. Mullen also received an additional number
of Shares representing Shares which could have been acquired using
dividends declared during the restricted period. Shares were sold
to cover tax liabilities and sales costs, and Mr. Mullen retained
the balance of the Shares.
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 a. Application and release of an
additional number of shares representing
shares which could have been acquired
using dividends declared during the
restricted period, to restricted
shares granted under the RSP on 27
March 2020.
b. Release of award of restricted
shares granted under the RSP on 27
March 2020.
------------------------------------ -----------------------------------------------------
c) Price(s) and volume(s)
------- -------------------- --------------------
Price(s) Volume(s)
------- -------------------- --------------------
a. Nil 3,398
------- -------------------- --------------------
b. Nil 34,932
------- -------------------- --------------------
d) Aggregated information
- Aggregated volume 38,330
- Price Nil
e) Date of the transaction 2023-03-27
------------------------------------ -----------------------------------------------------
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 applicable
withholding tax and other deductions
arising on release of the award under
the RSP
------------------------------------ -----------------------------------------------------
c) Price(s) and volume(s)
-------------------- --------------------
Price(s) Volume(s)
-------------------- --------------------
GBP0.7375 18,080
-------------------- --------------------
d) Aggregated information
- Aggregated volume 18,080
- Price GBP0.7375
e) Date of the transaction 2023-03-27
------------------------------------ -----------------------------------------------------
f) Place of the transaction XLON
------------------------------------ -----------------------------------------------------
Enquiries
020 7293
Reach 3000
Jim Mullen, Chief Executive Officer
Darren Fisher, Chief Financial Officer
Lorraine Clover, Group Company Secretary
020 7353
Tulchan Communications 4200
David Allchurch / 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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