Smiths News PLC Director/PDMR Shareholding (3935Y)

TIDMSNWS

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               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          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                    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               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: [e-mail]

LEI: 2138004O33ONVOOQXB02

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January 13, 2022 08:53 ET (13:53 GMT)