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 /Amendment
| Initial Notification | |||
| 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 financial instrument, type of instrument | Ordinary 5p shares | |||
| | | ||||
| 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 /Amendment
| Initial Notification | |||
| 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 financial instrument, type of instrument | Ordinary 5p shares | |||
| | | ||||
| 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: cosec@smithsnews.co.uk
LEI: 2138004O33ONVOOQXB02
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