Smiths News PLC Director/PDMR Shareholding (7722G)
November 27 2020 - 4:52AM
UK Regulatory
TIDMSNWS
RNS Number : 7722G
Smiths News PLC
27 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 - Exercise and Sale
Pursuant to the grant of nil cost options announced on 20
November 2020 under the Deferred Bonus Plan, 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 award.
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 20
November 2022).
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 20 November
Bunting 0.2777 option 2020 152,081 71,623 0.2820 80,458
------- ---------- --------------- ------------ ----------- ------- -----------
Nil-cost 20 November
Anthony Grace 0.2777 option 2020 106,229 50,029 0.2820 56,200
------- ---------- --------------- ------------ ----------- ------- -----------
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 Exercise of a FY2020 Deferred Bonus
Plan award of 152,081 option shares
--------------------------------- -------------------------------------------
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 26 November 2020
--------------------------------- -------------------------------------------
f) Place of the transaction Exercise of the options took place
outside of a trading venue
--------------------------------- -------------------------------------------
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 Sale of 71,623 shares to cover the
tax and NI liability arising following
exercise of a FY2020 Deferred Bonus
Plan award of 152,081 option shares
and the retention of a net sum of
80,458 shares
-------------------------------------- ----------------------------------------------
c) Price(s) and volume(s)
--------------------- --------------------
Price(s) Volume(s)
--------------------- --------------------
GBP0.2820 71,623
----------------------------------------------------------------- --------------------
d) Aggregated information n/a single transaction
- Aggregated volume
- Price
e) Date of the transaction 26 November 2020
-------------------------------------- ----------------------------------------------
f) Place of the transaction London Stock Exchange, Main Market
-------------------------------------- ----------------------------------------------
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 Exercise of a FY2020 Deferred Bonus
Plan award of 106,229 option shares
--------------------------------- -------------------------------------------
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 26 November 2020
--------------------------------- -------------------------------------------
f) Place of the transaction Exercise 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 Sale of 50,029 shares to cover the
tax and NI liability arising following
exercise of a FY2020 Deferred Bonus
Plan award of 106,229 option shares
and the retention of a net sum of
56,200 shares
-------------------------------------- ----------------------------------------------
c) Price(s) and volume(s)
--------------------- --------------------
Price(s) Volume(s)
--------------------- --------------------
GBP0.2820 50,029
----------------------------------------------------------------- --------------------
d) Aggregated information n/a single transaction
- Aggregated volume
- Price
e) Date of the transaction 26 November 2020
-------------------------------------- ----------------------------------------------
f) Place of the transaction London Stock Exchange, Main Market
-------------------------------------- ----------------------------------------------
Karen Mills
Deputy Company Secretary
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END
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