Smith (DS) PLC Director/PDMR Shareholding (0650U)
July 24 2015 - 9:59AM
UK Regulatory
TIDMSMDS
RNS Number : 0650U
Smith (DS) PLC
24 July 2015
DS Smith Plc (the "Company")
In pursuance of the Company's obligations under Disclosure Rule
3.1.4R (i)(a), the Company hereby notifies that the following PDMR
share transactions occurred on 24 July 2015.
1) Miles Roberts, Adrian Marsh and Stefano Rossi notified the
Company on 24 July 2015 that, as a result of being granted an award
under the DS Smith Deferred Share Bonus Plan (the "Bonus Plan"),
they have acquired a conditional right to receive the number of
Shares set out below.
The award under the Bonus Plan referred to above will normally
vest on the third anniversary of the date of grant, being 24 July
2018.
The awards were granted by reference to the closing middle
market quotation of a Share on 23 July 2015 of 384.6 pence, and
operate subject to the conditions set out in the rules of the Bonus
Plan.
Name Status No. of Deferred
Shares subject
to award
Miles Roberts Director 156,734
Adrian Marsh Director 72,074
Stefano Rossi PDMR 28,644
No consideration was paid for the grant of the award. No price
is payable on the vesting of the award.
2) Miles Roberts, Adrian Marsh and Stefano Rossi notified the
Company on 24 July 2015 that, as a result of being granted an award
under the DS Smith Performance Share Plan (the "Performance Share
Plan"), they have each acquired a conditional right to receive the
number of Shares listed below.
The awards were granted by reference to the closing middle
market quotation of a Share on 23 July 2015 of 384.6 pence, and
operate subject to the conditions set out in the rules of the
Performance Share Plan. They will normally vest, subject to the
satisfaction of performance conditions, on the third anniversary of
the date of grant, being 24 July 2018.
Name Status Maximum number
of Shares
Miles Roberts Director 356,214
Adrian Marsh Director 191,107
Stefano Rossi PDMR 80,206
No consideration was paid for the grant of the awards. No price
is payable on the vesting of the awards.
For and on behalf of DS Smith Plc
Company Official Responsible for making this notification:
Matthew Jowett, Company Secretary
Date of this notification: 24 July 2015
This information is provided by RNS
The company news service from the London Stock Exchange
END
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