11 April 2025
Reach plc (the Company)
Notification of Transactions by a Person Discharging Managerial Responsibilities (PDMR)
Exercise of 2023 Buy-Out Award under the Reach Long Term Incentive Plan (LTIP) and sale of shares
On 28 March 2025, two buy-out awards granted on 6 June 2023 under the LTIP to Darren Fisher, Chief Financial Officer, vested and became exercisable. On 10 April 2025, Mr. Fisher exercised his LTIP award and a number of the vested shares have been sold to cover applicable withholding tax and other deductions arising on exercise (the 'sale').
The notification below, which has been made in accordance with the requirements of the Market Abuse Regulation, provides further detail.
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Darren Fisher |
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2 |
Reason for the notification |
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a) |
Position/status |
Chief Financial Officer |
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b) |
Initial notification /Amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Reach plc |
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b) |
LEI |
213800GNI5XF3XOATR61 |
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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 |
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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 |
Exercise of awards granted under the LTIP on 6 June 2023. |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information |
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- Aggregated volume |
178,345 |
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- Price |
Nil |
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e) |
Date of the transaction |
2025-04-10 |
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f) |
Place of the transaction |
Outside a trading venue |
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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 |
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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 |
Sale of shares to cover some of the applicable withholding tax and other deductions arising on exercise of the awards under the LTIP |
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c) |
Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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£0.677 |
84,119 |
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d) |
Aggregated information |
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- Aggregated volume |
N/A |
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- Price |
£0.677 |
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e) |
Date of the transaction |
2025-04-10 |
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f) |
Place of the transaction |
XLON |
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Reach |
020 7293 3000 |
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Laura Harris, Group Company Secretary |
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Teneo |
020 7353 4200 |
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Giles Kernick |
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LEI: 213800GNI5XF3XOATR61 Classification: 2.2 Information disclosed under article 19 of the Market Abuse Regulation. |