Smiths News PLC Director/PDMR Shareholding
November 29 2024 - 8:44AM
RNS Regulatory News
RNS Number : 2394O
Smiths News PLC
29 November 2024
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 FY2024 earned by each participant and
deferred into shares, the following award was granted, and
accepted, 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
2026). 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 £0.6063
(being the average of the three-day middle market quotation price
of the Company's shares in the period 15-19 November
2024).
|
Name of Participant
|
Share Price (£)
|
Form of Award
|
Normal Vesting Date
|
Maximum Number of Options
|
|
Jonathan Bunting
|
0.6063
|
Nil-cost option
|
20 November 2024
|
307,568
|
|
Paul Baker
|
0.6063
|
Nil-cost option
|
20 November 2024
|
210,423
|
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
|
Grant of 307,568 nil cost options
pursuant to the Deferred Bonus Plan (2024)
|
|
c)
|
Price(s) and volume(s)
|
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
|
|
Nil consideration
|
307,568
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information
|
n/a single transaction
|
|
|
|
|
- Aggregated volume
|
|
|
|
|
|
- Price
|
|
|
|
|
|
e)
|
Date of the transaction
|
25 November 2024
|
|
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
|
Paul Baker
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Chief Financial 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
|
Grant of 210,423 nil cost options
pursuant to the Deferred Bonus Plan (2024)
|
|
c)
|
Price(s) and volume(s)
|
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
|
|
Nil consideration
|
210,423
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information
|
n/a single transaction
|
|
|
|
|
- Aggregated volume
|
|
|
|
|
|
- Price
|
|
|
|
|
|
e)
|
Date of the transaction
|
25 November 2024
|
|
f)
|
Place of the transaction
|
Grant of the options took place
outside of a trading venue
|
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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