REG - Smith & Nephew Plc - Director/PDMR Shareholding

Smith & NephewAnnouncement

14/11/2023 15:30

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RNS Number : 4313T  Smith & Nephew Plc  14 November 2023

SMITH & NEPHEW PLC

 

14 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.

 

1.   VESTING OF SHARE AWARDS UNDER THE GLOBAL SHARE PLAN 2020

 

The following awards of US$0.20 ordinary shares (the "Shares") in Smith &
Nephew plc (the "Company") vested on 13 November 2023, being the first
business day post vesting date, under the Smith & Nephew Global Share Plan
2020.

 

i.     PARTIAL VESTING OF CONDITIONAL SHARE AWARDS MADE UNDER THE GLOBAL
SHARE PLAN 2020:

 

The awards were granted under the Global Share Plan 2020 on 12 November 2021.
One third of the Shares vested on 14 November 2022, a further third has now
vested on 13 November 2023 and the final third will vest on 12 November 2024.
A number of shares were sold to cover taxation obligations arising on the
vesting of the awards.

 

The following relates to individuals included in the below notification:

 

 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 Conditional Share Award granted on 12 November 2021 under
                                                              the Smith & Nephew Global Share Plan 2020.
 Date of Transaction                                          2023 - 11 - 13
 Place of Transaction                                         London Stock Exchange (XLON)

 

 

 Name                                                      Price (£)   Volume                                                                       Aggregated information

 (Position)                                       Status
 Paul Connolly                                    PDMR     10.010912   10,290 (of which 3,061 shares were sold to cover taxes due and 7,229 shares  N/A Single Transaction

                                                                     were retained)
 (President, Global Operations)
 Mizanu Kebede                                    PDMR     10.010912   5,049 (of which 1,567 shares were sold to cover taxes due and 3,482 shares   N/A Single Transaction

                                                                     were retained)
 (Chief Quality and Regulatory Affairs Officer)

 

 

2.   VESTING OF A RESTRICTED STOCK UNIT AWARD GRANTED UNDER THE AWARD
AGREEMENT DATED 29 APRIL 2022

 

In line with the announcement published on 3 May 2022, a Restricted Stock Unit
Award of US$0.20 ordinary shares (the "Shares") in Smith & Nephew plc (the
"Company") granted to Deepak Nath vested on 13 November 2023. This Restricted
Stock Unit Award formed part of the buy-out awards granted in respect of
outstanding incentives Deepak Nath forfeited upon leaving his former company.

 

i.    PARTIAL VESTING OF A RESTRICTED STOCK UNIT AWARD:

 

A Restricted Stock Unit Award of 14,364 shares was granted to Deepak Nath on
29 April 2022. One third of these shares (4,788 shares) vested on 13 November
2022, a further third has now vested on 13 November 2023 and the final third
will vest on 13 November 2024. 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 has vested on 13 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 - 13
 Place of Transaction                                         London Stock Exchange (XLON)

 

 Name                                  Price (£)   Volume                                                                      Aggregated information

 (Position)                  Status
 Deepak Nath                 Director  10.010912   4,788 (of which 1,961 shares were sold to cover taxes due and 2,827 shares  N/A Single Transaction

                                                 were retained)
 (Chief Executive Officer)

 

 

Sarah Carne

Deputy Company Secretary

Smith & Nephew plc

Tel:  +44 (0)1923 477100

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