Smith (DS) PLC Director/PDMR Shareholding (9930C)
July 01 2016 - 6:41AM
UK Regulatory
TIDMSMDS
RNS Number : 9930C
Smith (DS) PLC
01 July 2016
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 1 July 2016.
1) Miles Roberts, Adrian Marsh and Stefano Rossi notified the
Company on 1 July 2016 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 1 July
2019.
The awards were granted by reference to the three day average
price of a Share to 30 June 2016 of 379.8 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 146,018
Adrian Marsh Director 68,797
Stefano
Rossi PDMR 31,469
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 1 July 2016 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 three day average
price of a Share to 30 June 2016 of 379.8 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 1 July 2019.
Name Status Maximum number of Shares
Miles Roberts Director 415,876
Adrian Marsh Director 203,199
Stefano Rossi PDMR 79,669
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:
Iain Simm, Company Secretary
Date of this notification: 1 July 2016
This information is provided by RNS
The company news service from the London Stock Exchange
END
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