Source - LSE Regulatory
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 £2.46 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 /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 2021 Sharesave Scheme

 

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

 

 

£nil

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 /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 2021 Sharesave Scheme

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

 

 

£nil

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

 

 

Reach

020 7293 3000

Jim Mullen, Chief Executive Officer

Simon Fuller, Chief Financial Officer

Lorraine Clover, Group Company Secretary

 

 

Tulchan Communications

020 7353 4200

David Allchurch, Partner

 

 

 

 

 

LEI: 213800GNI5XF3XOATR61

Classification: 2.2 Information disclosed under article 19 of the Market Abuse Regulation.

 

 

 

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