Smiths News PLC Director/PDMR Shareholding (3862W)
December 11 2023 - 11:20AM
UK Regulatory
TIDMSNWS
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 Form Normal Vesting Number Number Sell Net Number
Share of Award Date of Options of shares Share of Shares
Price Exercised sold Price Acquired
(GBP) (GBP)
Jonathan Nil-cost 23 November
Bunting 0.471 option 2023 319,091 150,501 0.47150 168,590
------- ---------- --------------- ------------ ----------- -------- -----------
Nil-cost 23 November
Paul Baker 0.471 option 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.
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Jonathan Bunting
--------------------------------- -----------------------------------------
Reason for the notification
2
----------------------------------------------------------------------------
a) Position/status Chief Executive Officer
--------------------------------- -----------------------------------------
b) Initial notification Initial Notification
/Amendment
--------------------------------- -----------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------
a) Name Smiths News plc
--------------------------------- -----------------------------------------
b) LEI 2138004033ONVOOQXB02
--------------------------------- -----------------------------------------
Details of the transaction(s): section to be repeated
4 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 Ordinary 5p shares
financial instrument,
type of instrument
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
--------------------------------- -----------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Jonathan Bunting
--------------------------------------- ---------------------------------------------
Reason for the notification
2
--------------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
--------------------------------------- ---------------------------------------------
b) Initial notification Initial Notification
/Amendment
--------------------------------------- ---------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------------------
a) Name Smiths News plc
--------------------------------------- ---------------------------------------------
b) LEI 2138004033ONVOOQXB02
--------------------------------------- ---------------------------------------------
Details of the transaction(s): section to be repeated
4 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 Ordinary 5p shares
financial instrument,
type of instrument
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 Initial Notification
notification
/Amendment
--------------------- -----------------------------------------
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 Ordinary 5p shares
of the financial
instrument,
type of
instrument
Identification ISIN: GB00B17WCR61
code
b) Nature of Exercise of 207,875Deferred Bonus
the transaction Plan (2023) shares.
--------------------- -----------------------------------------
c) Price(s)
and volume(s)
------------------------- -----------
Price(s) Volume(s)
------------------------- -----------
Nil consideration 207,875
---------------------------------------------------- -----------
d) Aggregated n/a single transaction
information
- Aggregated
volume
- Price
e) Date of 11 December 2023
the transaction
--------------------- -----------------------------------------
f) Place of London Stock Exchange, Main Market
the transaction
--------------------- -----------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Paul Baker
--------------------------------------- ---------------------------------------------
Reason for the notification
2
--------------------------------------------------------------------------------------
a) Position/status Chief Financial Officer
--------------------------------------- ---------------------------------------------
b) Initial notification Initial Notification
/Amendment
--------------------------------------- ---------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------------------
a) Name Smiths News plc
--------------------------------------- ---------------------------------------------
b) LEI 2138004033ONVOOQXB02
--------------------------------------- ---------------------------------------------
Details of the transaction(s): section to be repeated
4 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 Ordinary 5p shares
financial instrument,
type of instrument
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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END
DSHUAANRONUUAAA
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December 11, 2023 11:20 ET (16:20 GMT)
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