RCH.L

Reach Plc
Reach PLC - Director/PDMR Shareholding
24th September 2024, 10:00
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RNS Number : 4217F
Reach PLC
24 September 2024
 

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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