Reach PLC Director/PDMR Shareholding (6544S)
13 March 2019 - 4:02AM
UK Regulatory
TIDMRCH
RNS Number : 6544S
Reach PLC
12 March 2019
12 March 2019
Reach plc (the "Company")
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Simon Fox
------------------------------------- -----------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------------------
a) Position/status Chief Executive ("PDMR")
------------------------------------- -----------------------------------------------
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
------------------------------------- -----------------------------------------------
4.1 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 ("Ordinary Shares")
financial instrument,
type of instrument
Identification code GB0009039941
b) Nature of the transaction (i) Exercise of awards for nominal
consideration (GBP1), granted on
11 March 2016 under the Long Term
Incentive Plan 2012 ("LTIP").
(ii) Sale of 94,352 Ordinary Shares
to cover tax, NI liability and associated
transaction costs.
(iii) The remaining shares of 105,988
are subject to a 2 year holding period
and will be retained by the Trust.
------------------------------------- -----------------------------------------------
c) Price(s) and volume(s)
------------------------ -------------------
Price(s) Volume(s)
------------------------ -------------------
(i) Nil 200,340
------------------------ -------------------
Total 200,340
------------------------ -------------------
(ii) 59.8p 94,352
------------------------ -------------------
(iii) Nil 105,988
------------------------ -------------------
d) Aggregated information
- Aggregated volume 200,340
- Price 59.8p
e) Date of the transaction 12 March 2019
------------------------------------- -----------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
------------------------------------- -----------------------------------------------
4.2 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 ("Ordinary Shares")
financial instrument,
type of instrument
Identification code GB0009039941
b) Nature of the transaction (i) Application of an additional
number of Ordinary Shares representing
Ordinary Shares which could have
been acquired using dividends declared
during the Restricted Period, to
restricted shares granted under the
Restricted Share Plan ("RSP") on
11 March 2016,
(i) release of award of restricted
shares granted under the RSP on 11
March 2016;
(ii) sale of 25,037 Ordinary Shares
to cover tax, NI liability and associated
costs; and
(iii) transfer of balance of 28,123
to the PDMR.
------------------------------------- -----------------------------------------------
c) Price(s) and volume(s)
------------------------ -------------------
Price(s) Volume(s)
------------------------ -------------------
(i) 59.8p 8,698
------------------------ -------------------
(ii) 59.8p 44,462
------------------------ -------------------
Total 53,160
------------------------ -------------------
(iii)[Nil 28,123
------------------------ -------------------
d) Aggregated information
- Aggregated volume 53,160
- Price 59.8p
e) Date of the transaction 12 March 2019
------------------------------------- -----------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
------------------------------------- -----------------------------------------------
Enquiries
Reach plc
Simon Fox, Chief Executive
Simon Fuller, Chief Financial Officer and Company
Secretary 020 7293 3553
Brunswick
Nick Cosgrove, Partner 020 7404 5959
Will Medvei, Director
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END
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