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 | |||
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| Identification code | GB0009039941 | ||||
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| b)
| Nature of the transaction
| Grant of an option under the 2021 Sharesave Scheme
| |||
| c)
| Price(s) and volume(s) |
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| Price(s) | Volume(s) |
| |
|
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| £nil | 3,658 |
| |
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| d)
| Aggregated information |
| |||
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| ||||
| - Aggregated volume | N/A (single transaction) | ||||
| - Price |
| ||||
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| 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) |
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| Price(s) | Volume(s) |
| |
|
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| £nil | 3,658 |
| |
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| |
| d)
| Aggregated information |
| |||
|
|
| ||||
| - Aggregated volume | N/A (single transaction) | ||||
| - Price |
| ||||
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| e)
| Date of the transaction | 14 July 2021 | |||
| f) | Place of the transaction | Outside a trading venue | |||
Enquiries
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| Reach | 020 7293 3000 |
| Jim Mullen, Chief Executive Officer Simon Fuller, Chief Financial Officer Lorraine Clover, Group Company Secretary
|
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| Tulchan Communications | 020 7353 4200 |
| David Allchurch, Partner |
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| LEI: 213800GNI5XF3XOATR61 Classification: 2.2 Information disclosed under article 19 of the Market Abuse Regulation.
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