We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Smiths News Plc | AQSE:SNWS.GB | Aquis Stock Exchange | Ordinary Share | GB00B17WCR61 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 64.50 | 62.00 | 67.00 | 64.50 | 63.096 | 64.50 | 80,382 | 15:29:37 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Dec 2021 to Dec 2024
TIDMSNWS
RNS Number : 9858W
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:
Long Term Incentive Plan FY2022 - 2024 ('LTIP')
The following awards were granted as conditional awards, where a participant may receive an allocation of shares following the normal vesting date, subject to the extent to which the applicable performance conditions have been satisfied at the end of the three-year performance period and their continuing employment at that time.
As indicated in the Company's Directors' Remuneration Report (published as part of the Company's 2021 Annual Report and Accounts on 16 December 2021), the Company confirms that the vesting of the LTIP award will depend on the achievement of the following performance conditions:
Hot Features
Premium
End-to-end Free Relative TSR vs the
Cash Flow (FCF) FTSE Small Cap Index
in FY2024 only over the three year
period
Performance 29 August 2021 to 31 August 2024 Proportion
Period exercisable
---------------------------------------------
Performance Below GBP36.4m Below Median Zero
Targets
------------------- ------------------------ -------------
GBP36.4m Median 20%
------------------- -------------------------------------- -------------
Between GBP36.4m Between Median and
and GBP40.4m Upper Quartile 20%-100%
------------------- -------------------------------------- -------------
GBP40.4m or more Upper Quartile 100%
------------------- -------------------------------------- -------------
The Company has considered carefully the level of target performance and the corresponding performance range for each measure to ensure that they are sufficiently stretching and promote long-term sustainable success.
The vested shares will be subject to a holding period of two years from the vesting date and subject to customary malus and clawback events. The value of any dividends accrued, in the form of dividend equivalents, will normally be paid in shares at the end of period (third anniversary) based on the number of vested shares and will also be subject to the holding period of two years from the vesting date.
No consideration was paid for the grant of the award. For the purposes of this award, the grant was made at a share price of 37.7p.
Name of Participant Form of Award Normal Vesting Date Maximum Number
of Shares
The day following the end
of the performance period
on which the performance
Conditional conditions have been assessed
Jonathan Bunting award and notified to the Participant 1,241,856
--------------- ---------------------------------- ---------------
The day following the end
of the performance period
on which the performance
Conditional conditions have been assessed
Paul Baker award and notified to the Participant 809,018
--------------- ---------------------------------- ---------------
As noted in the Company's Directors' Remuneration Report, the LTIP grant levels are equivalent to 100% of base salary at grant.
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 Initial 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 of the Ordinary 5p shares
financial instrument,
type of instrument
Identification code ISIN: GB00B17WCR61
b) Nature of the transaction Grant of 1,241,856 nil cost options
pursuant to the Long Term Incentive
Plan
--------------------------------- ----------------------------------------------
c) Price(s) and volume(s)
--------------------------- --------------
Price(s) Volume(s)
--------------------------- --------------
Nil consideration 1,241,856
------------------------------------------------------------------ --------------
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
--------------------------------- ----------------------------------------------
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 notification Initial 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 of the Ordinary 5p shares
financial instrument,
type of instrument
Identification code ISIN: GB00B17WCR61
b) Nature of the transaction Grant of 809,018 nil cost options
pursuant to the Long Term Incentive
Plan
--------------------------------- ----------------------------------------------
c) Price(s) and volume(s)
--------------------------- --------------
Price(s) Volume(s)
--------------------------- --------------
Nil consideration 809,018
------------------------------------------------------------------ --------------
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
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
DSHUKOBRAVUUUAA
(END) Dow Jones Newswires
December 29, 2021 12:37 ET (17:37 GMT)
1 Year Smiths News Chart |
1 Month Smiths News Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
