Director/PDMR Shareholding

RNS Number : 3935Y

Smiths News PLC

13 January 2022

 

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 shares of 5p each undertaken by directors / persons discharging managerial responsibility:

Exercise by Jonathan Bunting (Chief Executive Officer) of:

1.  111,592 share options pursuant to the FY2019-2021 Long Term Incentive Plan award (2018), plus receipt of 4,347 shares in respect of a dividend equivalent payment thereon and the subsequent sale of 54,602 ordinary shares to cover the associated tax and NI liability; and

2.  500,395 share options pursuant to the Deferred Bonus Plan award for the deferral of 50% of his FY2021 annual bonus into shares and the subsequent sale of 235,659 ordinary shares to cover the associated tax and NI liability.

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 111,592 Long Term Incentive Plan (2018) shares and receipt of 4,347 shares in respect of the dividend equivalent payment and exercise of 500,395 Deferred Bonus Plan (2021) shares.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil consideration	616,334
d)	Aggregated information	n/a single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	12 January 2022
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 290,261 shares to cover the tax and NI liability arising following exercise of 111,592 Long Term Incentive Plan (2018) shares and receipt of 4,347 shares in respect of the dividend equivalent payment and the exercise of 500,395 Deferred Bonus Plan (2021) shares.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			0.383324p	290,261
d)	Aggregated information	n/a single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	12 January 2022
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: [e-mail]

LEI: 2138004O33ONVOOQXB02

 

END

 

 

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