REG - Smith (DS) PLC - Director/PDMR Shareholding
31/01/2025 12:30
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RNS Number : 4985V Smith (DS) PLC 31 January 2025
DS Smith Plc ("the Company")
Transactions by Persons Discharging Managerial Responsibilities ("PDMRs")
31 January 2025
On 16 April 2024, the boards of the Company and International Paper Company
announced that they had agreed the terms of a recommended all-share
combination of the Company and International Paper Company, pursuant to which
International Paper Company will acquire the entire issued and to be issued
ordinary share capital of the Company, to be effected by way of a
Court-sanctioned scheme of arrangement (the "Scheme") under Part 26 of the
Companies Act 2006. The circular in relation to the Scheme was published on 11
September 2024.
On 30 January 2025, the Company announced that the Court had sanctioned the
Scheme at the Court Hearing held on that day.
As a result of the Court sanction of the Scheme, on 30 January 2025 options
over the Company's ordinary shares of 10p each ("Shares") granted on 11 July
2024, 8 February 2024, 10 July 2023, and 27 June 2022 under the terms of the
DS Smith Deferred Share Bonus Plan ("DSBP"), the DS Smith 2008 Performance
Share Plan ("PSP"), the DS Smith Plc 2020 Sharesave Plan ("Sharesave"), and
awards granted on 27 April 2023 in connection with the Chief Financial
Officer's recruitment ("Recruitment Awards"), vested to the following PDMRs,
and, in the case of options, were exercised by the following PDMRs, as shown
in the table below. The exercise of the options granted under the DSBP and
PSP, and the vesting of the Recruitment Awards, was settled on a net settled
basis, resulting in the delivery of shares in the amounts set out below.
Name Number of DSBP options vested and exercised Number of PSP options vested and exercised Number of dividend equivalent Shares on vested PSP and DSBP options Number of Sharesave options vested and exercised Number of Recruitment Awards vested Total number of vested Shares Total number of Shares delivered
Miles Roberts 627,896 966,543 188,644 - - 1,783,083 945,033
Richard Pike 20,328 312,355 28,997 - 128,166 489,846 259,618
Stefano Rossi 171,532 258,887 50,934 1,063 - 482,416 256,180
The forms required under the Market Abuse Regulation follow.
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name MILES WILLIAM ROBERTS
2 Reason for the notification
a) Position/status GROUP CHIEF EXECUTIVE
b) Initial notification /Amendment INITIAL NOTIFICATION
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name DS SMITH PLC
b) LEI 39RSBE4RCI4M15BLWH36
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 SHARES OF 10 PENCE EACH
Identification code
SMDS
b) Nature of the transaction Vesting and exercise of DSBP options granted on 11 July 2024, 10 July 2023 and
27 June 2022 under the terms of the DS Smith Deferred Share Bonus Plan and
vesting and exercise of PSP options granted on 11 July 2024, 10 July 2023 and
27 June 2022 under the terms of the DS Smith 2008 Performance Share Plan, and
associated dividend equivalent Shares.
c) Price(s) and volume(s) Price(s) Volume(s) Volume(s)
(Vested Shares)
(Delivered Shares)
£NIL 627,896 332,785
£NIL 966,543 512,267
£NIL 188,644 99,981
d) Aggregated information
- Aggregated volume 945,033
- Price £NIL
e) Date of the transaction 30 January 2025
f) Place of the transaction LONDON
d)
Aggregated information
- Aggregated volume
- Price
945,033
£NIL
e)
Date of the transaction
30 January 2025
f)
Place of the transaction
LONDON
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name RICHARD PIKE
2 Reason for the notification
a) Position/status GROUP FINANCE DIRECTOR
b) Initial notification /Amendment INITIAL NOTIFICATION
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name DS SMITH PLC
b) LEI 39RSBE4RCI4M15BLWH36
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 SHARES OF 10 PENCE EACH
Identification code
SMDS
b) Nature of the transaction Vesting and exercise of DSBP options granted on 11 July 2024 under the terms
of the DS Smith Deferred Share Bonus Plan and vesting and exercise of PSP
options granted on 11 July 2024 and 10 July 2023 under the terms of the DS
Smith 2008 Performance Share Plan, and associated dividend equivalent Shares.
Vesting of awards granted on 27 April 2023 in connection with Richard Pike's
recruitment.
c) Price(s) and volume(s) Price(s) Volume(s) Volume(s)
(Vested Shares)
(Delivered Shares)
£NIL 20,328 10,774
£NIL 312,355 165,548
£NIL 28,997 15,368
£NIL 128,166 67,928
d) Aggregated information
- Aggregated volume 259,618
£NIL
- Price
e) Date of the transaction 30 January 2025
f) Place of the transaction LONDON
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name STEFANO ROSSI
2 Reason for the notification
a) Position/status CHIEF EXECUTIVE PACKAGING
b) Initial notification /Amendment INITIAL NOTIFICATION
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name DS SMITH PLC
b) LEI 39RSBE4RCI4M15BLWH36
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 SHARES OF 10 PENCE EACH
Identification code
SMDS
b) Nature of the transaction Vesting and exercise of DSBP options granted on 11 July 2024, 10 July 2023 and
27 June 2022 under the terms of the DS Smith Deferred Share Bonus Plan and
vesting and exercise of PSP options granted on 11 July 2024, 10 July 2023 and
27 June 2022 under the terms of the DS Smith 2008 Performance Share Plan, and
associated dividend equivalent Shares. Vesting and exercise of options granted
on 8 February 2024 under the terms of the DS Smith Plc 2020 Sharesave Plan.
c) Price(s) and volume(s) Price(s) Volume(s) Volume(s)
(Vested Shares)
(Delivered Shares)
£NIL 171,532 90,912
£NIL 258,887 137,210
£NIL 50,934 26,995
£2.35 per share 1,063 1,063
d) Aggregated information
- Aggregated volume 256,180
DSBP/PSP: £NIL; Sharesave: £2.35
- Price
e) Date of the transaction 30 January 2025
f) Place of the transaction LONDON
d)
Aggregated information
- Aggregated volume
- Price
259,618
£NIL
e)
Date of the transaction
30 January 2025
f)
Place of the transaction
LONDON
1
Details of the person discharging managerial responsibilities / person closely
associated
a)
Name
STEFANO ROSSI
2
Reason for the notification
a)
Position/status
CHIEF EXECUTIVE PACKAGING
b)
Initial notification /Amendment
INITIAL NOTIFICATION
3
Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a)
Name
DS SMITH PLC
b)
LEI
39RSBE4RCI4M15BLWH36
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
Identification code
ORDINARY SHARES OF 10 PENCE EACH
SMDS
b)
Nature of the transaction
Vesting and exercise of DSBP options granted on 11 July 2024, 10 July 2023 and
27 June 2022 under the terms of the DS Smith Deferred Share Bonus Plan and
vesting and exercise of PSP options granted on 11 July 2024, 10 July 2023 and
27 June 2022 under the terms of the DS Smith 2008 Performance Share Plan, and
associated dividend equivalent Shares. Vesting and exercise of options granted
on 8 February 2024 under the terms of the DS Smith Plc 2020 Sharesave Plan.
c)
Price(s) and volume(s)
Price(s) Volume(s) Volume(s)
(Vested Shares)
(Delivered Shares)
£NIL 171,532 90,912
£NIL 258,887 137,210
£NIL 50,934 26,995
£2.35 per share 1,063 1,063
d)
Aggregated information
- Aggregated volume
- Price
256,180
DSBP/PSP: £NIL; Sharesave: £2.35
e)
Date of the transaction
30 January 2025
f)
Place of the transaction
LONDON
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