Director/PDMR Shareholding

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.

 

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

 

 

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

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 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)




£0.7375

18,080







d)

 

Aggregated information




- Aggregated volume

18,080



- Price

£0.7375



e)

 

Date of the transaction

 

2023-03-27

f)

 

Place of the transaction

 

 XLON

 

 

Enquiries



Reach

020 7293 3000

Jim Mullen, Chief Executive Officer

Darren Fisher, Chief Financial Officer

Lorraine Clover, Group Company Secretary

 


Tulchan Communications

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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Reach (RCH)
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