Reach PLC Director/PDMR Shareholding
September 24 2024 - 5:00AM
RNS Regulatory News
RNS Number : 4217F
Reach PLC
24 September 2024
24 September
2024
Reach plc (the
"Company")
Notification of Transactions
by Persons Discharging Managerial Responsibilities
("PDMRs")
Grant of options
under the Reach Savings-Related Share Option Scheme ("Sharesave
Scheme")
Reach plc
is pleased to announce that it has launched the
2024 Sharesave Scheme for all eligible employees. Eligible
employees were invited to subscribe for options ("Options") over the Company's ordinary
shares of 10 pence each ("Shares") which have been granted
at an exercise price of £0.89 per Share in accordance with the
terms of the Sharesave Scheme. The Options were issued on 23
September 2024 and will normally be exercisable from 1 November
2027 for six months.
520 employees have
elected to participate in the 2024 Sharesave Scheme and as a result
Options over a total of 2,400,238 Shares have been granted in
respect of the 2024 Sharesave Scheme.
The following
Directors and Persons Discharging Managerial Responsibilities
("PDMRs") have chosen to
participate in the 2024 Sharesave Scheme:
|
Name
|
Director/PDMR
|
Number of
Shares under Option
|
|
Jim
Mullen
|
Director
|
10,421
|
|
Darren
Fisher
|
Director
|
10,421
|
The notifications below, which has
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
|
Jim
Mullen
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
Chief
Executive 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
|
Grant of an
option under the 2024 Sharesave
Scheme
|
|
c)
|
Price(s)
and volume(s)
|
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
|
|
£nil
|
10,421
|
|
|
|
|
|
|
|
|
d)
|
Aggregated
information
|
|
|
|
|
|
-
Aggregated volume
|
N/A -
single transaction
|
|
-
Price
|
|
|
|
|
|
e)
|
Date of the
transaction
|
2024-09-23
|
|
f)
|
Place of
the transaction
|
Outside a
trading venue
|
|
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
|
Grant of an
option under the 2024 Sharesave
Scheme
|
|
c)
|
Price(s)
and volume(s)
|
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
|
|
£nil
|
10,421
|
|
|
|
|
|
|
|
|
d)
|
Aggregated
information
|
|
|
|
|
|
-
Aggregated volume
|
N/A -
single transaction
|
|
-
Price
|
|
|
|
|
|
e)
|
Date of the
transaction
|
2024-09-23
|
|
f)
|
Place of
the transaction
|
Outside a trading venue
|
Enquiries
|
|
|
|
Reach
|
020 7293 3000
|
|
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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