REG - Smiths News PLC - Director/PDMR Shareholding

Smiths NewsAnnouncement

29/12/2021 17:40

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RNS Number : 9854W  Smiths News PLC  29 December 2021

Smiths News plc
Director/PDMR Shareholding

Smiths News plc (the "Company") announces that it has been notified of the
following transactions in the Company's ordinary 5p shares undertaken by
directors / persons discharging managerial responsibility:

Deferred Bonus Plan - Grant

Pursuant to an award representing 50% of an annual bonus for FY2021 earned by
each participant and deferred into shares, the following award was granted as
a nil cost option, on terms that whilst the participant is entitled to
immediately exercise the option upon grant, the net number of shares awarded
as a result and after deduction of relevant income taxes and national
insurance liability shall be subject to a dealing restriction for a period of
two (2) years calculated from the Date of Grant (i.e. until 29 December
2023).  No consideration was paid for the grant of the award. No price is
payable on the exercise of the award. For the purposes of this award, the
grant was made at a share price of £0.3770 (being the average of the
three-day middle market quotation price of the Company's shares in the period
22-24 December 2021).

 

 Name of Participant  Share Price (£)   Form of Award    Normal Vesting Date  Maximum Number of Options
 Jonathan Bunting     0.3770            Nil-cost option  29 December 2021     500,395

The relevant notifications set out below are provided in accordance with the
requirements of Article 19 of the EU Market Abuse Regulation.

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Jonathan Bunting

 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                                                         Smiths News plc

 b)   LEI                                                          2138004033ONVOOQXB02

 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 5p shares

      Identification code                                          ISIN: GB00B17WCR61

 b)   Nature of the transaction                                    Grant of 500,395 nil cost options pursuant to the Deferred Bonus Plan (2021)

 c)   Price(s) and volume(s)

                                                                                         Price(s)              Volume(s)
                                                                                         Nil consideration     500,395

 d)   Aggregated information                                       n/a single transaction

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      29 December 2021

 f)   Place of the transaction                                     Grant of the options took place outside of a trading venue

 

 

 

 

 

 

 

Karen Mills

Deputy Company Secretary

 

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