REG - Smiths News PLC - Director/PDMR Shareholding

Smiths NewsAnnouncement

11/12/2023 16:30

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RNS Number : 3862W  Smiths News PLC  11 December 2023

Smiths News plc
Director/PDMR Shareholding

 

Deferred Bonus Plan - Exercise and Sale

Pursuant to the grant of nil cost options announced on 23 November 2023 under
the Deferred Bonus Plan award, for the deferral of 50% of the FY2023 annual
bonus into shares, the Participants named below have subsequently exercised
such awards and sold the number of ordinary shares noted in the table below to
cover the tax and NI liability levied on the transaction and retained the net
number of shares as a result of the exercise of their respective awards.
Pursuant to the award, each Participant shall be subject to a dealing
restriction over the net balance acquired for a period of two (2) years
calculated from the Date of Grant (i.e. until 23 November 2025).

 

 Name of Participant  Grant Share Price (£)   Form of Award    Normal Vesting Date  Number of Options Exercised  Number of shares sold  Sell Share Price (£)   Net Number of Shares Acquired
 Jonathan Bunting     0.471                   Nil-cost option  23 November 2023     319,091                      150,501                0.47150                168,590
 Paul Baker           0.471                   Nil-cost option  23 November 2023     207,875                      98,045                 0.47150                109,830

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                                    Exercise of 319,091 Deferred Bonus Plan (2023) shares.

 c)   Price(s) and volume(s)

                                                                                     Price(s)           Volume(s)
                                                                                     Nil consideration  319,091

 d)   Aggregated information                                       n/a single transaction

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      11 December 2023

 f)   Place of the transaction                                     London Stock Exchange, Main Market

 

 

 

 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                                    Sale of 150,501 shares to cover the tax and NI liability arising following

                                                            exercise of 319,0919 Deferred Bonus Plan (2023) shares.

 c)   Price(s) and volume(s)

                                                                                        Price(s)             Volume(s)
                                                                                        0.47150              150,501

 d)   Aggregated information                                       n/a single transaction

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      11 December 2023

 f)   Place of the transaction                                     London Stock Exchange, Main Market

 

 

 

 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                                    Exercise of 207,875Deferred Bonus Plan (2023) shares.

 c)   Price(s) and volume(s)

                                                                                     Price(s)           Volume(s)
                                                                                     Nil consideration  207,875

 d)   Aggregated information                                       n/a single transaction

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      11 December 2023

 f)   Place of the transaction                                     London Stock Exchange, Main Market

 

 

 

 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                                    Sale of 98,045 shares to cover the tax and NI liability arising following

                                                            exercise of 207,875 Deferred Bonus Plan (2023) shares.

 c)   Price(s) and volume(s)

                                                                                        Price(s)             Volume(s)
                                                                                        0.47150              98,045

 d)   Aggregated information                                       n/a single transaction

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      11 December 2023

 f)   Place of the transaction                                     London Stock Exchange, Main Market

 

 

Person responsible for arranging release of this announcement:

Karen Mills, Deputy Company Secretary

Smiths News plc

Rowan House

Cherry Orchard North

Kembrey Park

Swindon

SN2 8UH

email: cosec@smithsnews.co.uk

LEI: 2138004O33ONVOOQXB02

 

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