Reach PLC Director/PDMR Shareholding (5564F)
17 July 2021 - 12:00AM
UK Regulatory
TIDMRCH
RNS Number : 5564F
Reach PLC
16 July 2021
16 July 2021
Reach plc (the "Company")
Director/PDMR Shareholding
Grant of options under the Reach Savings-Related Share Option
Scheme ("Sharesave Scheme")
Reach plc is pleased to announce that it has launched the 2021
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 GBP2.46 per Share in
accordance with the terms of the Sharesave Scheme. The Options were
issued on 14 July 2021 and will normally be exercisable from 1
September 2024 for six months.
858 employees have elected to participate in the 2021 Sharesave
Scheme and as a result Options over a total of 1,500,736 Shares
have been granted in respect of the 2021 Sharesave Scheme.
The following Directors and Persons Discharging Managerial
Responsibilities ("PDMRs") have chosen to participate in the 2021
Sharesave Scheme:
Name Director/PDMR Number of Shares
under Option
Jim Mullen Director 3,658
--------------- -----------------
Simon Fuller Director 3,658
--------------- -----------------
The information set out below is provided in accordance with the
requirements of Article 19(3) of the EU Market Abuse Regulation No
596/2014 (as it forms part of domestic law by virtue of the
European Union (Withdrawal) Act 2018).
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 an option under the 2021
Sharesave Scheme
--------------------------------------- ----------------------------------------
c) Price(s) and volume(s)
------------------ -----------------
Price(s) Volume(s)
------------------ -----------------
GBPnil 3,658
--------------------------------------------------------------- -----------------
d) Aggregated information
- Aggregated volume N/A (single transaction)
- Price
e) Date of the transaction 14 July 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 an option under the 2021
Sharesave Scheme
--------------------------------------- ----------------------------------------
c) Price(s) and volume(s)
------------------ -----------------
Price(s) Volume(s)
------------------ -----------------
GBPnil 3,658
--------------------------------------------------------------- -----------------
d) Aggregated information
- Aggregated volume N/A (single transaction)
- Price
e) Date of the transaction 14 July 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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