Director/PDMR Shareholding

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: [e-mail]

LEI: 2138004O33ONVOOQXB02

 

END