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Last checked at 
17 Apr 2026 16:44
17 April 2026
Reach plc (the Company)
Notification of Transactions by Persons Discharging Managerial Responsibilities (PDMRs)
Exercise of 2023 Awards under the Reach Long Term Incentive Plan (LTIP) and related sales of shares
On 13 April 2026, awards granted on 13 April 2023 under the LTIP to Piers North, Chief Executive Officer and Darren Fisher, Chief Financial Officer vested and became exercisable.
On 16 April 2026, Mr North and Mr Fisher exercised these LTIP awards and a number of the vested shares acquired were sold on the same day to cover applicable withholding tax and other deductions arising on exercise, as detailed below.
The notifications below, which has been made in accordance with the requirements of the Market Abuse Regulation, provides further detail.
Exercise of 2023 Buy-Out Award under the Reach Long Term Incentive Plan ("LTIP") and related sale of shares
On 28 March 2026, a buy-out award granted on 6 June 2023 under the LTIP to Darren Fisher, Chief Financial Officer, vested and became exercisable.
On 16 April 2026, Mr Fisher exercised this LTIP buy-out award and a number of the vested shares acquired were sold on the same day to cover applicable withholding tax and other deductions arising on exercise, as detailed below.
The notifications 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
| Piers North | |||||||||
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
| a. Exercise of award granted under the LTIP on 13 April 2023 b. Sale of shares to cover all of the applicable withholding tax and other deductions arising on exercise of the award under the LTIP | |||||||||
c) | Price(s) and volume(s)
|
| |||||||||
d)
| Aggregated information | ||||||||||
- Aggregated volume | N/A - single transactions | ||||||||||
- Price | a. £nil b. £0.65625 per share sale price | ||||||||||
e)
| Date of the transaction
| 2026-04-16 | |||||||||
f)
| Place of the transaction
| a. Outside a trading venue b. XLON | |||||||||
1
| Details of the person discharging managerial responsibilities / person closely associated | |||||||||||||
a)
| Name | Darren Fisher | ||||||||||||
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
| a. Exercise of award granted under the LTIP on 13 April 2023 b. Exercise of buy-out award granted under the LTIP on 6 June 2023 c. Sale of shares to cover all of the applicable withholding tax and other deductions arising on exercise of these awards under the LTIP | ||||||||||||
c) | Price(s) and volume(s)
|
| ||||||||||||
d)
| Aggregated information | |||||||||||||
- Aggregated volume | N/A - single transactions | |||||||||||||
- Price | a. £nil b. £nil c. £0.66085 per share sale price | |||||||||||||
e)
| Date of the transaction
| 2026-04-16 | ||||||||||||
f)
| Place of the transaction
| a. Outside a trading venue b. Outside a trading venue c. XLON | ||||||||||||
Enquiries
Reach | 020 7293 3000 |
Georgina Sharley, Group Company Secretary | |
Teneo | 020 7353 4200 |
Giles Kernick | |
LEI: 213800GNI5XF3XOATR61
|
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