Director/PDMR Shareholding

RNS Number : 3935Y
Smiths News PLC
13 January 2022
 

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 shares of 5p each undertaken by directors / persons discharging managerial responsibility:

Exercise by Jonathan Bunting (Chief Executive Officer) of:

1.  111,592 share options pursuant to the FY2019-2021 Long Term Incentive Plan award (2018), plus receipt of 4,347 shares in respect of a dividend equivalent payment thereon and the subsequent sale of 54,602 ordinary shares to cover the associated tax and NI liability; and

2.  500,395 share options pursuant to the Deferred Bonus Plan award for the deferral of 50% of his FY2021 annual bonus into shares and the subsequent sale of 235,659 ordinary shares to cover the associated tax and NI liability.

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 111,592 Long Term Incentive Plan (2018) shares and receipt of 4,347 shares in respect of the dividend equivalent payment and exercise of 500,395 Deferred Bonus Plan (2021) shares.

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




Nil consideration

616,334







d)

 

Aggregated information

n/a single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

12 January 2022

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 290,261 shares to cover the tax and NI liability arising following exercise of 111,592 Long Term Incentive Plan (2018) shares and receipt of 4,347 shares in respect of the dividend equivalent payment and the exercise of 500,395 Deferred Bonus Plan (2021) shares.

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




0.383324p

290,261







d)

 

Aggregated information

n/a single transaction



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

12 January 2022

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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