Director/PDMR Shareholding

Smiths News PLC

23 November 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 FY2023 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 23 November 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 £0.471 (being the average of the three-day middle market quotation price of the Company's shares in the period 20-22 November 2023).

Name of Participant	Share Price (£)	Form of Award	Normal Vesting Date	Maximum Number of Options
Jonathan Bunting	0.471	Nil-cost option	23 November 2023	319,091
Paul Baker	0.471	Nil-cost option	23 November 2023	207,875

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 319,091 nil cost options pursuant to the Deferred Bonus Plan (2023)
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	23 November 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 207,875 nil cost options pursuant to the Deferred Bonus Plan (2023)
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	23 November 2023
f)	Place of the transaction	Grant of the options took place outside of a trading venue

Karen Mills

Deputy Company Secretary

 

END