Smiths Group PLC Director/PDMR Shareholding (4910L)
03 October 2016 - 8:11PM
UK Regulatory
TIDMSMIN
RNS Number : 4910L
Smiths Group PLC
03 October 2016
3 OCTOBER 2016
SMITHS GROUP PLC
NOTIFICATION OF TRANSACTION OF DIRECTORS / PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITY OR PERSONS CLOSELY ASSOCIATED
1 Details of the person discharging managerial
responsibilities/person closely associated
=== =======================================================================
a) Name CHRISTOPHER MICHAEL O'SHEA
=== ================== ===================================================
2 Reason for the notification
=== =======================================================================
a) Position/status CHIEF FINANCIAL OFFICER / EXECUTIVE
DIRECTOR
=== ================== ===================================================
b) Initial INITIAL NOTIFICATION
Notification
/ Amendment
=== ================== ===================================================
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
=== =======================================================================
a) Name SMITHS GROUP PLC
=== ================== ===================================================
b) LEI 213800MJL6IPZS3ASA11
=== ================== ===================================================
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 SHARE
of the financial
instrument,
type of ISIN GB00B1WY2338
instrument
Identification
code
=== ================== ===================================================
b) Nature of 1. VESTING INTO NOMINEE ACCOUNT
the transaction OF 37,371 SHARES PURSUANT TO THE
FIRST TRANCHE OF THE BUY-OUT AWARD
GRANTED ON JOINING THE COMPANY
2. MARKET SALE OF 17,600 SHARES
IN ORDER TO MEET INCOME TAX AND
NATIONAL INSURANCE LIABILITIES ARISING
FROM 1. ABOVE
=== ================== ===================================================
c) Price(s) Price(s) Volume(s)
and volume(s) ============== =================== ===========
1. Acquired NIL 37,371
============== =================== ===========
2. Sold GBP 14.532698 17,600
============== =================== ===========
=== ================== ===================================================
d) Aggregated
information
- Aggregated As shown in 4c)
volume
- Price
=== ================== ===================================================
e) Date of 2016-09-30
the transaction
=== ================== ===================================================
f) Place of XLON (London)
the transaction
=== ================== ===================================================
g) Additional Mr O'Shea was granted a restricted
Information stock award over 71,938 shares under
the terms of the buyout arrangements
agreed in respect of his appointment
as Chief Financial Officer of the
Company on 18 September 2015.
On 30 September 2016 the first tranche
of the award vested. In accordance
with the terms of the award, the
number of shares that vested comprised
fifty percent of the initial award
plus additional shares in respect
of notional dividends thereon. The
number of additional shares awarded
in respect of the notional dividends
has been calculated on the assumption
that such additional shares were
deemed to have been purchased with
the dividends notionally paid in
respect of the vested shares at
the mid-market closing price of
a share on the date of payment of
each such dividend during the period
of the award prior to vesting.
Subject to the terms of the award,
the balance of the shares comprising
the award are expected to vest on
or around 30 September 2017.
=== ================== ===================================================
This information is provided by RNS
The company news service from the London Stock Exchange
END
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