Reach PLC Director/PDMR Shareholding
May 24 2024 - 5:00AM
RNS Regulatory News
RNS Number : 8376P
Reach PLC
24 May 2024
24 May 2024
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 13 May 2024, one of the buy-out
awards granted on 6 June 2023 under the LTIP to Darren Fisher,
Chief Financial Officer, vested and became exercisable. On 23 May
2024, 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.
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Darren Fisher
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Chief Financial Officer
|
|
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
|
Exercise of award granted under the
LTIP on 6 June 2023
|
|
c)
|
Price(s) and volume(s)
|
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
|
Nil
|
67,076
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information
|
|
|
|
|
|
- Aggregated volume
|
N/A
|
|
|
|
|
- Price
|
Nil
|
|
|
|
|
e)
|
Date of the transaction
|
2024-05-23
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
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
|
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)
|
|
|
|
|
£0.783
|
31,638
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information
|
|
|
|
|
|
- Aggregated volume
|
N/A
|
|
|
|
|
- Price
|
£0.783
|
|
|
|
|
e)
|
Date of the transaction
|
2024-05-23
|
|
f)
|
Place of the transaction
|
XLON
|
Enquiries
|
|
|
|
Reach
|
020 7293 3000
|
|
Jim Mullen, Chief Executive
Officer
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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