Smiths News PLC Director/PDMR Shareholding
November 29 2024 - 9:45AM
RNS Regulatory News
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
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