Source - LSE Regulatory
RNS Number : 2929S
Reach PLC
15 March 2021
 

15 March 2021

 

Reach plc (the "Company")

 

Director/PDMR Shareholding

Issue of Bonus Shares

 

 

Following approval at the General Meeting held on 22 October 2020, Reach plc announced on 23 October 2020 that it issued 12,798,952 Ordinary shares of £0.10p each to shareholders on the Company's register of members at 6.00 p.m. on 22 October 2020 (the "Bonus Issue"). Shareholders were expected to receive one Bonus Issue share for every 23.38 Ordinary shares held in lieu of an interim dividend.

 

In connection with the Bonus Issue the following Directors and other Shareholders received Reach plc Ordinary shares in lieu of the 2020 interim dividend.

 

The information contained in this notification is made in accordance with the requirements Article 19(3) of the UK Market Abuse Regulation.

 

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

 

 

Issue of Reach plc ordinary shares  of £0.10p by way of a bonus issue of shares in lieu of the 2020 dividend in connection with (i) Shares owned by the Chief Executive Officer, (ii) Shares currently held in the Restricted Share Plan granted on 27/03/2020, (iii) Shares currently held in the Long Term Incentive Plan granted on 04/12/2019, and (iiii) Shares currently held in the Long Term Incentive Plan granted on 27/03/2020.

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




(i) Nil

4,276




(ii) Nil

1,432




(iii) Nil

41,587




(iiii) Nil

32,088







d)

 

Aggregated information




- Aggregated volume

79,383



- Price

N/A



e)

 

Date of the transaction

 

 

23 October 2020.

The share plan allocations were notified to participants on 9 November 2020.

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 /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

 

 

Issue of Reach plc ordinary shares  of £0.10p by way of a bonus issue of shares in lieu of the 2020 interim dividend in connection with (i) Shares currently held in the Restricted Share Plan granted on 11/03/2019, (ii) Shares currently held in the Restricted Share Plan granted on 27/03/2020, (iii) Shares currently held in the Long Term Incentive Plan granted on 11/03/2019, and (iiii) Shares currently held in the Long Term Incentive Plan granted on 27/03/2020.

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




(i) Nil

3,310




(ii) Nil

639




(iii) Nil

35,751




(iiii) Nil

20,027







d)

 

Aggregated information




- Aggregated volume

59,727



- Price

N/A



e)

 

Date of the transaction

 

 

23 October 2020.

The share plan allocations were notified to participants on 9 November 2020.

f)

 

Place of the transaction

 

 

Outside a trading venue

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Nicholas Prettejohn

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chairman

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

 

 

Issue of Reach plc ordinary shares of £0.10p by way of a bonus issue of shares in lieu of the 2020 interim dividend

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




Nil

4,563







d)

 

Aggregated information




- Aggregated volume

4,563



- Price

N/A



e)

 

Date of the transaction

 

 

23 October 2020

f)

 

Place of the transaction

Outside a trading venue

 

 

Enquiries

Reach plc


Jim Mullen, Chief Executive Officer

Simon Fuller, Chief Financial Officer

communications@reachplc.com

Ciaran O'Brien, Director of Communications

020 7353 4200

 

Tulchan Communications


David Allchurch / Giles Kernick

reachplc@tulchangroup.com

 

 

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