Director/PDMR Shareholding

RNS Number : 9854W
Smiths News PLC
29 December 2021
 

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 - Grant

Pursuant to an award representing 50% of an annual bonus for FY2021 earned by each participant and deferred into shares, the following award was granted as a nil cost option, on terms that whilst the participant is entitled to immediately exercise the option upon grant, the net number of shares awarded as a result and after deduction of relevant income taxes and national insurance liability shall be subject to a dealing restriction for a period of two (2) years calculated from the Date of Grant (i.e. until 29 December 2023).  No consideration was paid for the grant of the award. No price is payable on the exercise of the award. For the purposes of this award, the grant was made at a share price of £0.3770 (being the average of the three-day middle market quotation price of the Company's shares in the period 22-24 December 2021).

 

Name of Participant

Share Price (£)

Form of Award

Normal Vesting Date

Maximum Number of Options

Jonathan Bunting

0.3770

Nil-cost option

29 December 2021

500,395

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

 

 

Grant of 500,395 nil cost options pursuant to the Deferred Bonus Plan (2021)

 

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




Nil consideration

500,395







d)

 

Aggregated information

n/a single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

29 December 2021

f)

 

Place of the transaction

 

 

Grant of the options took place outside of a trading venue

 

 

 

 

 

 

 

Karen Mills

Deputy Company Secretary 

 

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