20 December 2022
Reach plc (the "Company")
Notification of Transactions by a Person Discharging Managerial Responsibilities ("PDMR")
Reach Long-Term Incentive Plan 2012 ("LTIP") - Sale of Shares for 2019 Award
Further to the announcement on 16 December 2022, the sale of shares to cover applicable withholding tax and other deductions arising on exercise of Jim Mullen's LTIP 2019 award has now completed. The notification set out below details the shares sold on 16 and 19 December 2022 only. The total number of shares sold to cover applicable withholding tax and other deductions arising on exercise (including those previously announced on 16 December 2022) is 477,516 shares.
The remaining shares are subject to a two-year holding period from 4 December 2022 to 4 December 2024.
The notification 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
| Sale of shares to cover some of the applicable withholding tax and other deductions arising on exercise of the award under the LTIP
| |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | £0.905179 | 156,590 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | 156,590 | ||||
| | | ||||
| - Price | £0.905179 | ||||
| | | ||||
| e)
| Date of the transaction
| 2022-12-19 | |||
| f)
| Place of the transaction
| XLON | |||
Enquiries
| | |
| Reach | 020 7293 3000 |
| Lorraine Clover, Group Company Secretary | |
| Tulchan Communications | 020 7353 4200 |
| Giles Kernick / David Allchurch | |
| | |
| | |
| LEI: 213800GNI5XF3XOATR61 Classification: 2.2 Information disclosed under article 19 of the Market Abuse Regulation.
| |
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