Smiths News PLC Director/PDMR Shareholding (4915U)

TIDMSNWS

RNS Number : 4915U

Smiths News PLC

23 November 2023

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:

Deferred Bonus Plan - Grant

Pursuant to an award representing 50% of an annual bonus for FY2023 earned by each participant and deferred into shares, the following award was granted as a nil cost option, on terms that whilst the participant is entitled to immediately exercise the option upon grant, the net number of shares awarded as a result and after deduction of relevant income taxes and national insurance liability shall be subject to a dealing restriction for a period of two (2) years calculated from the Date of Grant (i.e. until 23 November 2025). No consideration was paid for the grant of the award. No price is payable on the exercise of the award. For the purposes of this award, the grant was made at a share price of GBP0.471 (being the average of the three-day middle market quotation price of the Company's shares in the period 20-22 November 2023).

 
 Name of Participant    Share Price   Form of Award     Normal Vesting   Maximum Number 
                         (GBP)                           Date             of Options 
                                                        23 November 
 Jonathan Bunting       0.471         Nil-cost option    2023            319,091 
                       ------------  ----------------  ---------------  --------------- 
                                                        23 November 
 Paul Baker             0.471         Nil-cost option    2023            207,875 
                       ------------  ----------------  ---------------  --------------- 
 

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          Grant of 319,091 nil cost options 
                                           pursuant to the Deferred Bonus Plan 
                                           (2023) 
      ---------------------------------  ---------------------------------------------- 
 c)    Price(s) and volume(s) 
                                          ---------------------------  -------------- 
                                           Price(s)                     Volume(s) 
                                          ---------------------------  -------------- 
    Nil consideration                                                   319,091 
   ------------------------------------------------------------------  -------------- 
 
 d)    Aggregated information             n/a single transaction 
 
  - Aggregated volume 
 
  - Price 
 
 e)    Date of the transaction            23 November 2023 
      ---------------------------------  ---------------------------------------------- 
 f)    Place of the transaction           Grant of the options took place outside 
                                           of a trading venue 
      ---------------------------------  ---------------------------------------------- 
 
 
       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          Grant of 207,875 nil cost options 
                                           pursuant to the Deferred Bonus Plan 
                                           (2023) 
      ---------------------------------  ---------------------------------------------- 
 c)    Price(s) and volume(s) 
                                          ---------------------------  -------------- 
                                           Price(s)                     Volume(s) 
                                          ---------------------------  -------------- 
    Nil consideration                                                   207,875 
   ------------------------------------------------------------------  -------------- 
 
 d)    Aggregated information             n/a single transaction 
 
  - Aggregated volume 
 
  - Price 
 
 e)    Date of the transaction            23 November 2023 
      ---------------------------------  ---------------------------------------------- 
 f)    Place of the transaction           Grant of the options took place outside 
                                           of a trading venue 
      ---------------------------------  ---------------------------------------------- 
 

Karen Mills

Deputy Company Secretary

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November 23, 2023 06:00 ET (11:00 GMT)