Director/PDMR Shareholding

RNS Number : 7722G

Smiths News PLC

27 November 2020

 

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 - Exercise and Sale

Pursuant to the grant of nil cost options announced on 20 November 2020 under the Deferred Bonus Plan, 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 award.  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 2022).

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	0.2777	Nil-cost option	20 November 2020	152,081	71,623	0.2820	80,458
Anthony Grace	0.2777	Nil-cost option	20 November 2020	106,229	50,029	0.2820	56,200

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 a FY2020 Deferred Bonus Plan award of 152,081 option shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil Consideration	152,081
d)	Aggregated information	n/a single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	26 November 2020
f)	Place of the transaction	Exercise of the options took place outside of a trading venue

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 71,623 shares to cover the tax and NI liability arising following exercise of a FY2020 Deferred Bonus Plan award of 152,081 option shares and the retention of a net sum of 80,458 shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£0.2820	71,623
d)	Aggregated information	n/a single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	26 November 2020
f)	Place of the transaction	London Stock Exchange, Main Market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Anthony Grace
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 a FY2020 Deferred Bonus Plan award of 106,229 option shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil Consideration	106,229
d)	Aggregated information	n/a single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	26 November 2020
f)	Place of the transaction	Exercise of the options took place outside of a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Anthony Grace
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 50,029 shares to cover the tax and NI liability arising following exercise of a FY2020 Deferred Bonus Plan award of 106,229 option shares and the retention of a net sum of 56,200 shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£0.2820	50,029
d)	Aggregated information	n/a single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	26 November 2020
f)	Place of the transaction	London Stock Exchange, Main Market

Karen Mills

Deputy Company Secretary 

 

END

 

 

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