TIDMRCH

RNS Number : 8275B

Reach PLC

06 June 2023

6 June 2023

Reach plc (the "Company")

Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs")

Grant of 2023 Buy-Out Awards under the Reach Long Term Incentive Plan ("LTIP")

On 6 June 2023, the Company granted nil-cost options over ordinary shares of 10p each in the capital of the Company to Darren Fisher under the LTIP and the following additional terms.

These awards represent a buy-out of awards previously held by Darren Fisher that were forfeited on his joining the Company. The buy-out awards will vest on the original vesting dates of the forfeited awards, subject to Darren's continued employment with Reach up to the relevant vesting dates.

The number of shares under the buy-out awards are equivalent in value to the awards forfeited, calculated using a three-month average share price of 77.71 pence per share.

The notifications 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                          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     Grant of nil-cost share options under 
                                      the Reach Long Term Incentive Plan 
      ----------------------------  -------------------------------------- 
 c)    Price(s) and volume(s)          Price(s)    Volume(s) 
                                        GBPnil      95,760 
                                                   ---------- 
                                        GBPnil      61,164 
                                                   ---------- 
                                        GBPnil      80,816 
                                                   ---------- 
                                        GBPnil      77,360 
                                                   ---------- 
                                        GBPnil      79,566 
                                                   ---------- 
 d)    Aggregated information 
 
  - Aggregated volume                 394,666 
 
  - Price                            GBPnil 
 
 e)    Date of the transaction       2023-06-06 
      ----------------------------  -------------------------------------- 
 f)    Place of the transaction      Outside a trading venue 
      ----------------------------  --------------------------------------

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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June 06, 2023 08:00 ET (12:00 GMT)

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