Reach PLC Director/PDMR Shareholding (5876Y)
May 13 2021 - 11:00AM
UK Regulatory
TIDMRCH
RNS Number : 5876Y
Reach PLC
13 May 2021
13 May 2021
Reach plc (the "Company")
Grant of 2021 Awards under the Reach Long Term Incentive Plan
("LTIP")
On 11 May 2021, the Company granted nil-cost options over
ordinary shares of 10p each in the capital of the Company to the
following Directors and Persons Discharging Managerial
Responsibility under the LTIP. Vesting of the options granted in
2021 are subject to the achievement of performance conditions over
a three-year period (as set out in the Company's 2020 annual
report), plus a subsequent 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). The awards will also be subject to the malus and
clawback provisions of the LTIP.
The notification 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 Jim Mullen
--------------------------------------- --------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
--------------------------------------- --------------------------------------------
b) Initial notification Initial Notification
/Amendment
--------------------------------------- --------------------------------------------
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 Ordinary 10p Shares
financial instrument,
type of instrument
Identification code GB0009039941
b) Nature of the transaction Grant of nil-cost share options under
the Reach Long Term Incentive Plan
--------------------------------------- --------------------------------------------
c) Price(s) and volume(s)
-------------------- -------------------
Price(s) Volume(s)
-------------------- -------------------
GBPnil 364,430
----------------------------------------------------------------- -------------------
d) Aggregated information
- Aggregated volume 364,430
- Price GBPnil
e) Date of the transaction 11 May 2021
--------------------------------------- --------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------------- --------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Simon Fuller
--------------------------------------- --------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------------
a) Position/status Chief Financial Officer
--------------------------------------- --------------------------------------------
b) Initial notification Initial Notification
/Amendment
--------------------------------------- --------------------------------------------
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 Ordinary 10p Shares
financial instrument,
type of instrument
Identification code GB0009039941
b) Nature of the transaction Grant of nil-cost share options under
the Reach Long Term Incentive Plan
--------------------------------------- --------------------------------------------
c) Price(s) and volume(s)
-------------------- -------------------
Price(s) Volume(s)
-------------------- -------------------
GBPnil 243,706
----------------------------------------------------------------- -------------------
d) Aggregated information
- Aggregated volume 243,706
- Price GBPnil
e) Date of the transaction 11 May 2021
--------------------------------------- --------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------------- --------------------------------------------
Enquiries
020 7293
Reach 3000
Jim Mullen, Chief Executive Officer
Simon Fuller, Chief Financial Officer
Lorraine Clover, Group Company Secretary
020 7353
Tulchan Communications 4200
David Allchurch, Partner
LEI: 213800GNI5XF3XOATR61
Classification: 2.2 Information disclosed under
article 19 of the Market Abuse Regulation.
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