TIDMSNWS

RNS Number : 3862W

Smiths News PLC

11 December 2023

Smiths News plc

Director/PDMR Shareholding

Deferred Bonus Plan - Exercise and Sale

Pursuant to the grant of nil cost options announced on 23 November 2023 under the Deferred Bonus Plan award, for the deferral of 50% of the FY2023 annual bonus into shares, the Participants named below have subsequently exercised such awards and sold the number of ordinary shares noted in the table below to cover the tax and NI liability levied on the transaction and retained the net number of shares as a result of the exercise of their respective awards. Pursuant to the award, each Participant shall be subject to a dealing restriction over the net balance acquired for a period of two (2) years calculated from the Date of Grant (i.e. until 23 November 2025).

 
 Name of Participant    Grant    Form        Normal Vesting   Number        Number       Sell      Net Number 
                         Share    of Award    Date             of Options    of shares    Share     of Shares 
                         Price                                 Exercised     sold         Price     Acquired 
                         (GBP)                                                            (GBP) 
 Jonathan                        Nil-cost    23 November 
  Bunting               0.471     option      2023            319,091       150,501      0.47150   168,590 
                       -------  ----------  ---------------  ------------  -----------  --------  ----------- 
                                 Nil-cost    23 November 
 Paul Baker             0.471     option      2023            207,875       98,045       0.47150   109,830 
                       -------  ----------  ---------------  ------------  -----------  --------  ----------- 
 

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 319,091 Deferred Bonus 
                                           Plan (2023) shares. 
      ---------------------------------  ----------------------------------------- 
 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            11 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 150,501 shares to cover the 
                                                 tax and NI liability arising following 
                                                 exercise of 319,0919 Deferred Bonus 
                                                 Plan (2023) shares. 
      ---------------------------------------  --------------------------------------------- 
 c)    Price(s) and volume(s) 
                                                --------------------  -------------------- 
                                                 Price(s)              Volume(s) 
                                                --------------------  -------------------- 
                                                 0.47150               150,501 
                                                --------------------  -------------------- 
 
 d)    Aggregated information                   n/a single transaction 
 
  - Aggregated volume 
 
  - Price 
 
 e)    Date of the transaction                  11 December 2023 
      ---------------------------------------  --------------------------------------------- 
 f)    Place of the transaction                 London Stock Exchange, Main Market 
      ---------------------------------------  --------------------------------------------- 
 
 
 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                Initial Notification 
        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            Ordinary 5p shares 
        of the financial 
        instrument, 
        type of 
        instrument 
 
       Identification         ISIN: GB00B17WCR61 
        code 
 
 b)    Nature of              Exercise of 207,875Deferred Bonus 
        the transaction        Plan (2023) shares. 
      ---------------------  ----------------------------------------- 
 c)    Price(s) 
        and volume(s) 
                              -------------------------  ----------- 
                               Price(s)                   Volume(s) 
                              -------------------------  ----------- 
    Nil consideration                                     207,875 
   ----------------------------------------------------  ----------- 
 
 d)    Aggregated             n/a single transaction 
        information 
 
  - Aggregated 
   volume 
 
  - Price 
 
 e)    Date of                11 December 2023 
        the transaction 
      ---------------------  ----------------------------------------- 
 f)    Place of               London Stock Exchange, Main Market 
        the transaction 
      ---------------------  ----------------------------------------- 
 
 
       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                Sale of 98,045 shares to cover the 
                                                 tax and NI liability arising following 
                                                 exercise of 207,875 Deferred Bonus 
                                                 Plan (2023) shares. 
      ---------------------------------------  --------------------------------------------- 
 c)    Price(s) and volume(s) 
                                                --------------------  -------------------- 
                                                 Price(s)              Volume(s) 
                                                --------------------  -------------------- 
                                                 0.47150               98,045 
                                                --------------------  -------------------- 
 
 d)    Aggregated information                   n/a single transaction 
 
  - Aggregated volume 
 
  - Price 
 
 e)    Date of the transaction                  11 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: cosec@smithsnews.co.uk

LEI: 2138004O33ONVOOQXB02

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END

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December 11, 2023 11:20 ET (16:20 GMT)

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