Director/PDMR Shareholding
Reach PLC announced that on April 16, 2026, Chief Executive Officer Piers North exercised LTIP awards granted in April 2023, acquiring 28,187 ordinary shares for nil cost and subsequently selling 13,302 shares at £0.65625 each to cover taxes. Concurrently, Chief Financial Officer Darren Fisher exercised LTIP awards granted in April and June 2023, acquiring a total of 195,307 ordinary shares for nil cost and selling 92,119 shares at £0.66085 each to cover withholding taxes and deductions. These transactions were conducted in accordance with market abuse regulations.
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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 |
| a) | Name | Reach plc |
| b) | LEI | 213800GNI5XF3XOATR61 |
| 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) | Price(s) Volume(s) a. £nil 28,187 b. £0.65625 13,302 |
| 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 |
| a) | Name | Reach plc |
| b) | LEI | 213800GNI5XF3XOATR61 |
| 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) | Price(s) Volume(s) a. £nil 96,060 b. £nil 99,247 c. £0.66085 92,119 |
| 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 |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.