Purchase of Shares for the Employee Benefit Trust

RNS Number : 3887G
Reach PLC
29 March 2022
 

29 March 2022

 

Reach plc

("the Company")

Purchase of Shares for the Employee Benefit Trust

 

The Company has been notified by the Trustee of the Reach Employee Benefit Trust ('EBT') that the EBT has purchased a total of 521,310 Ordinary Shares of 10p each in the Company. Further detail is set out below.

 

Date

Exchange

Number of shares

Price per share (pence)

25 March 2022

 

XLON

189,633

190.4164

28 March 2022

 

XLON

331,677

190.5299

 

The average price of the above purchases was 190.4886 pence per share.

 

The shares will be held in the EBT, which is a discretionary trust for the benefit of the Group's employees. The shares will be used to satisfy the exercise of share options by employees or the release of restricted shares, including to Persons Discharging Managerial Responsibility ('PDMRs') of the Company.

 

Further to this purchase, the EBT holds a total of 3,295,508 Ordinary Shares which represents 1.05% of the Company's issued share capital. The total number of Ordinary Shares of 10p each in issue (excluding treasury shares) is 315,064,281. 

 

  Enquiries

 

Reach plc

 

Jim Mullen, Chief Executive

Simon Fuller, Chief Financial Officer

Lorraine Clover, Group Company Secretary

 

020 7293 3000

Tulchan Communications

 

Giles Kernick

020 7353 4200

 

 

LEI:  213800GNI5XF3XOATR61

Classification:  3.1 Additional regulated information required to be disclosed under the laws of a Member State

 

     

 

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