Smiths News PLC Director/PDMR Shareholding (7261P)
13 February 2023 - 9:30PM
UK Regulatory
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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