TIDMSNWS

RNS Number : 7261P

Smiths News PLC

13 February 2023

Smiths News plc

Director/PDMR Shareholding

Deferred Bonus Plan - Exercise and Sale

Pursuant to the grant of nil cost options announced on 31 January 2023 under the Deferred Bonus Plan award, for the deferral of 50% of the FY2022 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 30 January 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    30 January 
  Bunting               0.5066    option      2023            317,449       149,726      0.4900   167,723 
                       -------  ----------  ---------------  ------------  -----------  -------  ----------- 
                                 Nil-cost    30 January 
 Paul Baker             0.5066    option      2023            180,508       85,138       0.4900   95,370 
                       -------  ----------  ---------------  ------------  -----------  -------  ----------- 
 

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 317,449 Deferred Bonus 
                                           Plan (2022) shares. 
      ---------------------------------  ----------------------------------------- 
 c)    Price(s) and volume(s) 
                                          ------------------------  ------------ 
                                           Price(s)                  Volume(s) 
                                          ------------------------  ------------ 
    Nil consideration                                                317,449 
   ---------------------------------------------------------------  ------------ 
 
 d)    Aggregated information             n/a single transaction 
 
  - Aggregated volume 
 
  - Price 
 
 e)    Date of the transaction            9 February 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 149,726 shares to cover the 
                                                 tax and NI liability arising following 
                                                 exercise of 317,449 Deferred Bonus 
                                                 Plan (2022) shares. 
      ---------------------------------------  --------------------------------------------- 
 c)    Price(s) and volume(s) 
                                                --------------------  -------------------- 
                                                 Price(s)              Volume(s) 
                                                --------------------  -------------------- 
                                                 0.4900p               149,726 
                                                --------------------  -------------------- 
 
 d)    Aggregated information                   n/a single transaction 
 
  - Aggregated volume 
 
  - Price 
 
 e)    Date of the transaction                  9 February 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 180,508 Deferred Bonus 
        the transaction        Plan (2022) shares. 
      ---------------------  ----------------------------------------- 
 c)    Price(s) 
        and volume(s) 
                              -------------------------  ----------- 
                               Price(s)                   Volume(s) 
                              -------------------------  ----------- 
    Nil consideration                                     180,508 
   ----------------------------------------------------  ----------- 
 
 d)    Aggregated             n/a single transaction 
        information 
 
  - Aggregated 
   volume 
 
  - Price 
 
 e)    Date of                9 February 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 85,138 shares to cover the 
                                                 tax and NI liability arising following 
                                                 exercise of 180,508 Deferred Bonus 
                                                 Plan (2022) shares. 
      ---------------------------------------  --------------------------------------------- 
 c)    Price(s) and volume(s) 
                                                --------------------  -------------------- 
                                                 Price(s)              Volume(s) 
                                                --------------------  -------------------- 
                                                 0.4900p               85,138 
                                                --------------------  -------------------- 
 
 d)    Aggregated information                   n/a single transaction 
 
  - Aggregated volume 
 
  - Price 
 
 e)    Date of the transaction                  9 February 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

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February 13, 2023 05:30 ET (10:30 GMT)

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