Reach Plc (GB:RCH) has released an update.
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Reach Plc has announced the grant of nil-cost options to key management personnel under its Long Term Incentive Plan, with vesting contingent on performance conditions over a three-year period. The number of shares was determined using a three-month average share price, and vested shares will be subject to a further two-year holding period post-vesting. The grants were made to top executives including CEO Jim Mullen and CFO Darren Fisher, with specific transaction details included in the notification.
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