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 Share Price (£) | Form of Award | Normal Vesting Date | Number of Options Exercised | Number of shares sold | Sell Share Price (£) | Net Number of Shares Acquired |
| Jonathan Bunting | 0.471 | Nil-cost option | 23 November 2023 | 319,091 | 150,501 | 0.47150 | 168,590 |
| Paul Baker | 0.471 | Nil-cost option | 23 November 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.
| 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 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 | |||
| 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 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 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 207,875Deferred Bonus Plan (2023) shares. | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | Nil consideration | 207,875 | | |
| | | | | | |
| 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 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 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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