24 September 2024
Reach plc (the "Company")
Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs")
Grant of options under the Reach Savings-Related Share Option Scheme ("Sharesave Scheme")
Reach plc is pleased to announce that it has launched the 2024 Sharesave Scheme for all eligible employees. Eligible employees were invited to subscribe for options ("Options") over the Company's ordinary shares of 10 pence each ("Shares") which have been granted at an exercise price of £0.89 per Share in accordance with the terms of the Sharesave Scheme. The Options were issued on 23 September 2024 and will normally be exercisable from 1 November 2027 for six months.
520 employees have elected to participate in the 2024 Sharesave Scheme and as a result Options over a total of 2,400,238 Shares have been granted in respect of the 2024 Sharesave Scheme.
The following Directors and Persons Discharging Managerial Responsibilities ("PDMRs") have chosen to participate in the 2024 Sharesave Scheme:
| Name | Director/PDMR | Number of Shares under Option |
| Jim Mullen | Director
| 10,421 |
| Darren Fisher
| Director | 10,421 |
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
| 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
| Grant of an option under the 2024 Sharesave Scheme
| |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | £nil | 10,421 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | N/A - single transaction | ||||
| - Price | | ||||
| | | ||||
| e)
| Date of the transaction
| 2024-09-23 | |||
| 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 | Grant of an option under the 2024 Sharesave Scheme | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | £nil | 10,421 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | N/A - single transaction | ||||
| - Price | | ||||
| | | ||||
| e)
| Date of the transaction | 2024-09-23 | |||
| f) | Place of the transaction | Outside a trading venue | |||
Enquiries
| | |
| Reach | 020 7293 3000 |
| Laura Harris, Group Company Secretary | |
| Teneo | 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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