Smith (DS) PLC

Director's Dealing • Jul 20, 2020

National Storage Mechanism | Additional information

RNS Number : 5339T

Smith (DS) PLC

20 July 2020

DS Smith Plc ("the Company") 

Transactions in shares by Persons Discharging Managerial Responsibilities ("PDMRs")

20 July 2020

On 18 July 2020 nil-cost option awards over the Company's Ordinary Shares of 10p each ("Shares") granted on 18 July 2017 under the terms of the DS Smith 2008 Performance Share Plan ("PSP") and under the DS Smith Deferred Share Bonus Plan ("DSBP") vested to the following PDMRs as shown in the table below.

Name	Number of PSP awards vested	Number of dividend equivalent Shares on vested PSP awards	Number of DSBP awards vested	Number of dividend equivalent Shares on vested DSBP awards
Miles Roberts	126,761	12,929	72,022	7,346
Adrian Marsh	61,943	6,318	33,937	3,461
Colin McIntyre	27,817	2,837	16,164	1,648
Stefano Rossi	30,638	3,125	17,803	1,815

·      In accordance with the terms of the approved remuneration policy, a two-year holding period applies from the vesting date for Miles Roberts and Adrian Marsh to their PSP awards vesting on 18 July 2020, during which time awarded Shares may not be sold (other than to satisfy statutory deductions).

·      The DSBP awards vesting on 18 July 2020 relate to the deferral into Shares of half of the bonus paid in July 2017 in relation to the financial year 2016/17.

·      The number of dividend equivalent Shares is added to the vested PSP and DSBP awards on vesting in accordance with the rules of the PSP and DSBP and the approved remuneration policy.

The forms required under the EU Market Abuse Regulation follow.

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

MILES WILLIAM ROBERTS

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

DS SMITH PLC

b)

LEI

39RSBE4RCI4M15BLWH36

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

Identification code

ORDINARY SHARES OF 10 PENCE EACH

SMDS

b)

Nature of the transaction

Vesting of PSP award granted on 18 July 2017 over Ordinary Shares under the terms of the DS Smith 2008 Performance Share Plan and associated dividend equivalent Shares.  Vesting of DSBP award granted on 18 July 2017 under the terms of the DS Smith Deferred Share Bonus Plan and associated dividend equivalent Shares.  The vested PSP award is subject to a two-year holding period from the vesting date.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£NIL	126,761
£NIL	12,929
£NIL	72,022
£NIL	7,346

d)

Aggregated information

- Aggregated volume

- Price

219,058

£NIL

e)

Date of the transaction

18 July 2020

f)

Place of the transaction

LONDON

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

ADRIAN ROSS THOMAS MARSH

2

Reason for the notification

a)

Position/status

GROUP FINANCE DIRECTOR

b)

Initial notification /Amendment

INITIAL NOTIFICATION

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

DS SMITH PLC

b)

LEI

39RSBE4RCI4M15BLWH36

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

Identification code

ORDINARY SHARES OF 10 PENCE EACH

SMDS

b)

Nature of the transaction

Vesting of PSP award granted on 18 July 2017 over Ordinary Shares under the terms of the DS Smith 2008 Performance Share Plan and associated dividend equivalent Shares.  Vesting of DSBP award granted on 18 July 2017 under the terms of the DS Smith Deferred Share Bonus Plan and associated dividend equivalent Shares.  The vested PSP award is subject to a two-year holding period from the vesting date.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£NIL	61,943
£NIL	6,318
£NIL	33,937
£NIL	3,461

d)

Aggregated information

- Aggregated volume

- Price

105,659

£NIL

e)

Date of the transaction

18 July 2020

f)

Place of the transaction

LONDON

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

COLIN STUART MCINTYRE

2

Reason for the notification

a)

Position/status

CHIEF EXECUTIVE SUPPLY CHAIN

b)

Initial notification /Amendment

INITIAL NOTIFICATION

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

DS SMITH PLC

b)

LEI

39RSBE4RCI4M15BLWH36

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

Identification code

ORDINARY SHARES OF 10 PENCE EACH

SMDS

b)

Nature of the transaction

Vesting of PSP award granted on 18 July 2017 over Ordinary Shares under the terms of the DS Smith 2008 Performance Share Plan and associated dividend equivalent Shares.  Vesting of DSBP award granted on 18 July 2017 under the terms of the DS Smith Deferred Share Bonus Plan and associated dividend equivalent Shares.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£NIL	27,817
£NIL	2,837
£NIL	16,164
£NIL	1,648

d)

Aggregated information

- Aggregated volume

- Price

48,466

£NIL

e)

Date of the transaction

18 July 2020

f)

Place of the transaction

LONDON

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

STEFANO ROSSI

2

Reason for the notification

a)

Position/status

CEO PACKAGING EUROPE

b)

Initial notification /Amendment

INITIAL NOTIFICATION

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

DS SMITH PLC

b)

LEI

39RSBE4RCI4M15BLWH36

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

Identification code

ORDINARY SHARES OF 10 PENCE EACH

SMDS

b)

Nature of the transaction

Vesting of PSP award granted on 18 July 2017 over Ordinary Shares under the terms of the DS Smith 2008 Performance Share Plan and associated dividend equivalent Shares.  Vesting of DSBP award granted on 18 July 2017 under the terms of the DS Smith Deferred Share Bonus Plan and associated dividend equivalent Shares. 

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£NIL	30,638
£NIL	3,125
£NIL	17,803
£NIL	1,815

d)

Aggregated information

- Aggregated volume

- Price

53,381

£NIL

e)

Date of the transaction

18 July 2020

f)

Place of the transaction

LONDON

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