REG - Smiths News PLC - Director/PDMR Shareholding

Smiths NewsAnnouncement

31/01/2023 15:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230131:nRSe4630Oa&default-theme=true

RNS Number : 4630O  Smiths News PLC  31 January 2023

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 FY2022 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 30 January
2025).  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 £0.5066 (being the average of the
three-day middle market quotation price of the Company's shares in the period
25 - 27 January 2023).

 

 Name of Participant  Share Price (£)   Form of Award    Normal Vesting Date  Maximum Number of Options
 Jonathan Bunting     0.5066            Nil-cost option  30 January 2023      317,449
 Paul Baker           0.5066            Nil-cost option  30 January 2023      180,508

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 317,449 nil cost options pursuant to the Deferred Bonus Plan (2022)

 c)   Price(s) and volume(s)

                                                                                         Price(s)              Volume(s)
                                                                                         Nil consideration     317,449

 d)   Aggregated information                                       n/a single transaction

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      30 January 2023

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

 

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Paul Baker

 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                                                         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 180,508 nil cost options pursuant to the Deferred Bonus Plan (2022)

 c)   Price(s) and volume(s)

                                                                                         Price(s)              Volume(s)
                                                                                         Nil consideration     180,508

 d)   Aggregated information                                       n/a single transaction

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      30 January 2023

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

 

 

 

 

 

Karen Mills

Deputy Company Secretary

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHUAVSROAUAOAR