REG - Smiths News PLC - Director/PDMR Shareholding

Smiths NewsAnnouncement

29/11/2024 15:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20241129:nRSc2398Oa&default-theme=true

RNS Number : 2398O  Smiths News PLC  29 November 2024

Smiths News plc
Director/PDMR Shareholding

 

Deferred Bonus Plan - Exercise and Sale

Pursuant to the grant of nil cost options announced on 20 November 2024 under
the Deferred Bonus Plan award, for the deferral of 50% of the FY2024 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 20 November 2026).

 

 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     0.6063                  Nil-cost option  20 November 2024     307,568                      145,065                0.6080                 162,503
 Paul Baker           0.6063                  Nil-cost option  20 November 2024     210,423                      99,247                 0.6080                 111,176

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 307,568 Deferred Bonus Plan (2024) shares.

 c)   Price(s) and volume(s)

                                                                                     Price(s)           Volume(s)
                                                                                     Nil consideration  307,568

 d)   Aggregated information                                       n/a single transaction

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      27 November 2024

 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 145,065 shares to cover the tax and NI liability arising following

                                                            exercise of 307,568 Deferred Bonus Plan (2024) shares.

 c)   Price(s) and volume(s)

                                                                                        Price(s)             Volume(s)
                                                                                        0.6080               145,065

 d)   Aggregated information                                       n/a single transaction

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      27 November 2024

 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 210,423 Deferred Bonus Plan (2024) shares.

 c)   Price(s) and volume(s)

                                                                                     Price(s)           Volume(s)
                                                                                     Nil consideration  210,423

 d)   Aggregated information                                       n/a single transaction

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      27 November 2024

 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 99,247 shares to cover the tax and NI liability arising following

                                                            exercise of 210,423 Deferred Bonus Plan (2024) shares.

 c)   Price(s) and volume(s)

                                                                                        Price(s)             Volume(s)
                                                                                        0.6080               99,247

 d)   Aggregated information                                       n/a single transaction

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      27 November 2024

 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

 

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  DSHUKSSRSOUAUAA