Smiths News PLC Director/PDMR Shareholding (3866W)

TIDMSNWS

RNS Number : 3866W

Smiths News PLC

11 December 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:

1. Exercise by Jonathan Bunting (Executive Director) of 1,398,114 Long Term Incentive Plan (2020) shares, receipt of 203,362 shares in respect of the dividend equivalent payment and the subsequent sale of 753,087 ordinary shares to cover the 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.

 
       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 1,398,114 Long Term Incentive 
                                           Plan (2020) shares and receipt of 
                                           203,362 shares in respect of the 
                                           dividend equivalent payment. 
      ---------------------------------  ------------------------------------------------ 
 c)    Price(s) and volume(s) 
                                          ----------------------------  --------------- 
                                           Price(s)                      Volume(s) 
                                          ----------------------------  --------------- 
    Nil consideration                                                    1,601,476 
   -------------------------------------------------------------------  --------------- 
 
 d)    Aggregated information             n/a single transaction 
 
  - Aggregated volume 
 
  - Price 
 
 e)    Date of the transaction            8 December 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 753,087 shares to cover the 
                                                 tax and NI liability arising following 
                                                 exercise of 1,398,114 Long Term Incentive 
                                                 Plan (2020) shares and receipt of 
                                                 203,362 shares in respect of the 
                                                 dividend equivalent payment. 
      ---------------------------------------  ------------------------------------------------ 
 c)    Price(s) and volume(s) 
                                                ---------------------  ---------------------- 
                                                 Price(s)               Volume(s) 
                                                ---------------------  ---------------------- 
                                                 0.48200                753,087 
                                                ---------------------  ---------------------- 
 
 d)    Aggregated information                   n/a single transaction 
 
  - Aggregated volume 
 
  - Price 
 
 e)    Date of the transaction                  8 December 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: [e-mail]

LEI: 2138004O33ONVOOQXB02

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 [e-mail] 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

DSHUAANROWUUAAA

(END) Dow Jones Newswires

December 11, 2023 11:22 ET (16:22 GMT)