Director/PDMR Shareholding
Summary by AI BETAClose X
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)
|
|
|||||||||
|
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)
|
|
|||||||||
|
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
|
|
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Latest directors dealings
- 13 hours ago Luceco
- 13 hours ago Helios Towers
- 14 hours ago Wise Class A
- 14 hours ago EDX Medical Group Plc
- 14 hours ago Naked Wines