Director/PDMR Shareholding

Summary by AI BETAClose X

Reach PLC announced that on April 16, 2026, Chief Executive Officer Piers North exercised LTIP awards granted in April 2023, acquiring 28,187 ordinary shares for nil cost and subsequently selling 13,302 shares at £0.65625 each to cover taxes. Concurrently, Chief Financial Officer Darren Fisher exercised LTIP awards granted in April and June 2023, acquiring a total of 195,307 ordinary shares for nil cost and selling 92,119 shares at £0.66085 each to cover withholding taxes and deductions. These transactions were conducted in accordance with market abuse regulations.

Disclaimer*

Reach PLC
17 April 2026
 

17 April 2026

 

Reach plc (the Company)

 

Notification of Transactions by Persons Discharging Managerial Responsibilities (PDMRs)

 

Exercise of 2023 Awards under the Reach Long Term Incentive Plan (LTIP) and related sales of shares

 

On 13 April 2026, awards granted on 13 April 2023 under the LTIP to Piers North, Chief Executive Officer and Darren Fisher, Chief Financial Officer vested and became exercisable.

 

On 16 April 2026, Mr North and Mr Fisher exercised these LTIP awards and a number of the vested shares acquired were sold on the same day to cover applicable withholding tax and other deductions arising on exercise, as detailed below.

 

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

 

Exercise of 2023 Buy-Out Award under the Reach Long Term Incentive Plan ("LTIP") and related sale of shares

 

On 28 March 2026, a buy-out award granted on 6 June 2023 under the LTIP to Darren Fisher, Chief Financial Officer, vested and became exercisable.

 

On 16 April 2026, Mr Fisher exercised this LTIP buy-out award and a number of the vested shares acquired were sold on the same day to cover applicable withholding tax and other deductions arising on exercise, as detailed below.

 

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

 

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.   Exercise of award granted under the LTIP on 13 April 2023

b.   Sale of shares to cover all of the applicable withholding tax and other deductions arising on exercise of the award under the LTIP

c)

Price(s) and volume(s)

 

 

 

 


Price(s)

Volume(s)

a.

£nil

28,187

b.

£0.65625

13,302

d)

 

Aggregated information




- Aggregated volume

N/A - single transactions



- Price

a. £nil

b. £0.65625 per share sale price



e)

 

Date of the transaction

 

2026-04-16

f)

 

Place of the transaction

 

a. Outside a trading venue

b. XLON

 

 

 

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.   Exercise of award granted under the LTIP on 13 April 2023

b.   Exercise of buy-out award granted under the LTIP on 6 June 2023

c.   Sale of shares to cover all of the applicable withholding tax and other deductions arising on exercise of these awards under the LTIP

c)

Price(s) and volume(s)

 

 

 

 


Price(s)

Volume(s)

a.

£nil

96,060

b.

£nil

99,247

c.

£0.66085

 

92,119

d)

 

Aggregated information




- Aggregated volume

N/A - single transactions



- Price

a. £nil

b. £nil

c. £0.66085 per share sale price



e)

 

Date of the transaction

 

2026-04-16

f)

 

Place of the transaction

 

a. Outside a trading venue

b. Outside a trading venue

c. XLON

 

 

 

Enquiries



Reach

020 7293 3000

Georgina Sharley, Group Company Secretary


Teneo

020 7353 4200

Giles Kernick






LEI: 213800GNI5XF3XOATR61

 


 

 

 

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Reach (RCH)
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