REG - Smith & Nephew Plc - Director/PDMR Shareholding

Smith & NephewAnnouncement

10/11/2023 13:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231110:nRSJ1286Ta&default-theme=true

RNS Number : 1286T  Smith & Nephew Plc  10 November 2023

SMITH & NEPHEW PLC

 

10 NOVEMBER 2023

 

NOTIFICATION AND PUBLIC DISCLOSURE IN ACCORDANCE WITH THE REQUIREMENTS OF THE
EU MARKET ABUSE REGULATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITIES ("PDMR") AND PERSONS CLOSELY ASSOCIATED WITH THEM.

 

VESTING OF RESTRICTED STOCK UNIT AWARDS GRANTED UNDER THE AWARD AGREEMENT
DATED 29 APRIL 2022

 

In line with the announcement published on 3 May 2022, certain Restricted
Stock Unit Awards of US$0.20 ordinary shares (the "Shares") in Smith &
Nephew plc (the "Company") granted to Deepak Nath vested on 8 November 2023.
These Restricted Stock Unit Awards formed part of the buy-out awards granted
in respect of outstanding incentives Deepak Nath forfeited upon leaving his
former company.

i.    PARTIAL AND FINAL VESTING ON 8 NOVEMBER 2023 OF A RESTRICTED STOCK
UNIT AWARD:

 

A Restricted Stock Unit Award of 8,716 shares was granted to Deepak Nath on 29
April 2022. One half of these shares (4,358 shares) vested on 8 November 2022
and the remaining half vested on 8 November 2023. A number of Shares were sold
to cover taxation obligations arising on the vesting of the award.

 

The following relates to the individual included in the below notification in
respect of the award that vested on 8 November 2023:

 

 Reason for the notification
 Initial notification /Amendment                              Initial notification
 Details of the issuer, emission allowance market participant, auction
 platform, auctioneer or auction monitor
 Name                                                         Smith & Nephew plc
 LEI                                                          213800ZTMDN8S67S1H61
 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
 Description of the financial instrument, type of instrument  Smith & Nephew plc ordinary shares of USD 0.20 each

 Identification code                                          ISIN: GB0009223206
 Nature of the transaction                                    Partial and final vesting of a Restricted Stock Unit Award granted on 29 April
                                                              2022 under the award agreement.
 Date of Transaction                                          2023 - 11 - 08
 Place of Transaction                                         London Stock Exchange (XLON)

 

 Name                                  Price (£)   Volume                                                                      Aggregated information

 (Position)                  Status
 Deepak Nath                 Director  9.878       4,358 (of which 1,771 shares were sold to cover taxes due and 2,587 shares  N/A Single Transaction

                                                 retained)
 (Chief Executive Officer)

ii.    PARTIAL VESTING ON 8 NOVEMBER 2023 OF A RESTRICTED STOCK UNIT AWARD:

 

A Restricted Stock Unit Award of 12,061 shares was granted to Deepak Nath on
29 April 2022. One quarter of these shares (3,015 shares) vested on 8 November
2022, a second quarter has vested on 8 November 2023, a third quarter will
vest on 8 November 2024 and the final quarter will vest on 8 November 2025. A
number of Shares were sold to cover taxation obligations arising on the
vesting of the award.

 

The following relates to the individual included in the below notification in
respect of the award that vested on 8 November 2023:

 

 Reason for the notification
 Initial notification /Amendment                              Initial notification
 Details of the issuer, emission allowance market participant, auction
 platform, auctioneer or auction monitor
 Name                                                         Smith & Nephew plc
 LEI                                                          213800ZTMDN8S67S1H61
 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
 Description of the financial instrument, type of instrument  Smith & Nephew plc ordinary shares of USD 0.20 each

 Identification code                                          ISIN: GB0009223206
 Nature of the transaction                                    Partial vesting of a Restricted Stock Unit Award granted on 29 April 2022
                                                              under the award agreement.
 Date of Transaction                                          2023 - 11 - 08
 Place of Transaction                                         London Stock Exchange (XLON)

 

 

 Name                                  Price (£)   Volume                                                                      Aggregated information

 (Position)                  Status
 Deepak Nath                 Director  9.878       3,015 (of which 1,225 shares were sold to cover taxes due and 1,790 shares  N/A Single Transaction

                                                 retained)
 (Chief Executive Officer)

 

 

Sarah Carne

Deputy Company Secretary

Smith & Nephew plc

 

Tel:  +44 (0)1923 477100

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHFLFEFLSLILIV