Smiths News PLC Director/PDMR Shareholding (0616G)
November 20 2020 - 8:09AM
UK Regulatory
TIDMSNWS
RNS Number : 0616G
Smiths News PLC
20 November 2020
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
FY2020 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 20
November 2022). 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
GBP0.2777 (being the average of the three-day middle market
quotation price of the Company's shares in the period 17-19
November 2020).
Name of Participant Share Price Form of Award Normal Vesting Maximum Number
(GBP) Date of Options
20 November
Jonathan Bunting 0.2777 Nil-cost option 2020 152,081
------------ ---------------- --------------- ---------------
20 November
Anthony Grace 0.2777 Nil-cost option 2020 106,229
------------ ---------------- --------------- ---------------
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 Grant of 152,081 nil cost options
pursuant to the Deferred Bonus Plan
(2020)
--------------------------------- ----------------------------------------------
c) Price(s) and volume(s)
--------------------------- --------------
Price(s) Volume(s)
--------------------------- --------------
Nil consideration 152,081
------------------------------------------------------------------ --------------
d) Aggregated information n/a single transaction
- Aggregated volume
- Price
e) Date of the transaction 20 November 2020
--------------------------------- ----------------------------------------------
f) Place of the transaction Grant of the options took place outside
of a trading venue
--------------------------------- ----------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Anthony Grace
--------------------------------- ----------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------
a) Position/status Chief Financial 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 Grant of 106,229 nil cost options
pursuant to the Deferred Bonus Plan
(2020)
--------------------------------- ----------------------------------------------
c) Price(s) and volume(s)
--------------------------- --------------
Price(s) Volume(s)
--------------------------- --------------
Nil consideration 106,229
------------------------------------------------------------------ --------------
d) Aggregated information n/a single transaction
- Aggregated volume
- Price
e) Date of the transaction 20 November 2020
--------------------------------- ----------------------------------------------
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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END
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