Reach PLC Director/PDMR Shareholding
2024年5月9日 - 7:00PM
RNS Regulatory News
RNS Number : 7873N
Reach PLC
09 May 2024
9 May 2024
Reach plc (the
"Company")
Notification of Transactions
by Persons Discharging Managerial Responsibilities
("PDMRs")
Grant of 2024 Awards under the Reach
Long Term Incentive Plan ("LTIP")
On 8 May 2024, the Company granted
nil-cost options over ordinary shares of 10p each in the capital of
the Company to the following Directors and PDMRs under the LTIP and
the following additional terms.
The number of shares under the LTIP
options has been calculated using the three-month average share
price to the date of grant of £0.707 per share.
Vesting of the LTIP options granted
in 2024 are subject to the achievement of performance conditions
over a three-year period, as set out on page 126 in the Company's
2023 Annual Report.
Vested LTIP options held by a
Director will also be subject to a post-vesting 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 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 nil-cost share options under
the Reach Long Term Incentive Plan
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
£nil
|
1,311,004
|
|
d)
|
Aggregated information
|
|
|
|
- Aggregated volume
|
N/A - single transaction
|
|
|
- Price
|
|
|
|
e)
|
Date of the transaction
|
2024-05-08
|
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 nil-cost share options under
the Reach Long Term Incentive Plan
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
£nil
|
801,980
|
|
d)
|
Aggregated information
|
|
|
|
- Aggregated volume
|
N/A - single transaction
|
|
|
- Price
|
|
|
|
e)
|
Date of the transaction
|
2024-05-08
|
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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