Director/PDMR Shareholding

Reach PLC

14 April 2026

 

14 April 2026

Reach plc (the Company)

Notification of Transactions by Persons Discharging Managerial Responsibilities (PDMRs)

Grant of 2026 Awards under the Reach Long Term Incentive Plan (LTIP)

On 13 April 2026, the Company granted nil-cost option awards over ordinary shares of 10p each in the capital of the Company under the LTIP to Piers North, Chief Executive Officer and Darren Fisher, Chief Financial Officer.

The number of shares under the LTIP awards was calculated using the three-month average share price to the date of grant of 63.1p per share.  

Subject to continued service the LTIP awards may vest and become exercisable from the third anniversary of their grant to the extent performance conditions measured over a three-year period are achieved. Details of the performance conditions can be found out on pages 95 and 96 in the Company's 2025 Annual Report.  

Vested LTIP awards will also be subject to a post-vesting holding period of two years. During the holding period, restrictions will apply to the sale or other disposal of the shares (other than to satisfy any tax liability). An additional award of shares equal in value to any dividends paid during the vesting period may be made on the release of the awards.

The notifications below, which have been made in accordance with the requirements of the Market Abuse Regulation, provide further detail.

Grant of 2026 Awards under the Reach plc Restricted Share Plan (RSP)

On 13 April 2026, the independent trustee (the Trustee) of the Company's Employee Benefit Trust based in Jersey (the Trust) notified the Company it has granted restricted share awards to the following Directors under the RSP. The number of shares subject to the restricted share awards has been calculated using the same three-month average share price as for the LTIP awards noted above. 

Under the terms of the RSP, the participant is the beneficial owner of the restricted shares but the shares are held in trust by the Trustee who remains the legal owner until the shares are released at the end of the three-year vesting period (the Restricted Period).

During the Restricted Period, a participant may not dispose of the restricted shares, and cannot vote or receive any dividends in respect of the restricted shares. An additional award of shares equal in value to any dividends paid during the Restricted Period may be made on the release of the awards.

The restricted share awards relate to the deferral of a portion of bonus in accordance with the Company's Directors' Remuneration Policy.

The notifications below, which have been made in accordance with the requirements of the Market Abuse Regulation, provide further detail.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Piers North
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.   Grant of nil-cost share option award under the Reach Long Term Incentive Plan b.   Grant of restricted shares under the Reach plc Restricted Share Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) a. £nil 1,139,619 b. £nil 352,835
d)	Aggregated information
	- Aggregated volume	1,492,454
	- Price	£nil
e)	Date of the transaction	2026-04-13
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	a.   Grant of nil-cost share option award under the Reach Long Term Incentive Plan b.   Grant of restricted shares under the Reach plc Restricted Share Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) a. £nil 934,876 b. £nil 244,412
d)	Aggregated information
	- Aggregated volume	1,179,288
	- Price	£nil
e)	Date of the transaction	2026-04-13
f)	Place of the transaction	Outside a trading venue

Enquiries

Reach	020 7293 3000
Georgina Sharley, Group Company Secretary
Teneo	020 7353 4200
Giles Kernick
LEI: 213800GNI5XF3XOATR61

 

END