Last checked at 12 Mar 2019 17:02
12 March 2019
Reach plc (the "Company")
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Simon Fox | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Chief Executive ("PDMR") | |||
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 | |||
4.1
| 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 ("Ordinary Shares") | |||
Identification code | GB0009039941 | ||||
b)
| Nature of the transaction
| (i) Exercise of awards for nominal consideration (£1), granted on 11 March 2016 under the Long Term Incentive Plan 2012 ("LTIP"). (ii) Sale of 94,352 Ordinary Shares to cover tax, NI liability and associated transaction costs. (iii) The remaining shares of 105,988 are subject to a 2 year holding period and will be retained by the Trust.
| |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
(i) Nil | 200,340 | ||||
Total | 200,340 | ||||
(ii) 59.8p | 94,352 | ||||
(iii) Nil | 105,988 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 200,340 | ||||
- Price | 59.8p | ||||
e)
| Date of the transaction
| 12 March 2019 | |||
f)
| Place of the transaction
| London Stock Exchange (XLON)
| |||
4.2
| 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 ("Ordinary Shares") | |||
Identification code | GB0009039941 | ||||
b)
| Nature of the transaction
| (i) Application of an additional number of Ordinary Shares representing Ordinary Shares which could have been acquired using dividends declared during the Restricted Period, to restricted shares granted under the Restricted Share Plan ("RSP") on 11 March 2016, (i) release of award of restricted shares granted under the RSP on 11 March 2016; (ii) sale of 25,037 Ordinary Shares to cover tax, NI liability and associated costs; and (iii) transfer of balance of 28,123 to the PDMR.
| |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
(i) 59.8p | 8,698 | ||||
(ii) 59.8p | 44,462 | ||||
Total | 53,160 | ||||
(iii)[Nil | 28,123 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 53,160 | ||||
- Price | 59.8p | ||||
e)
| Date of the transaction
| 12 March 2019 | |||
f)
| Place of the transaction
| London Stock Exchange (XLON)
| |||
Enquiries
Reach plc | ||
Simon Fox, Chief Executive Simon Fuller, Chief Financial Officer and Company Secretary | 020 7293 3553 | |
Brunswick | ||
Nick Cosgrove, Partner | 020 7404 5959 | |
Will Medvei, Director | ||