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RNS Number : 5239P Smith & Nephew Plc 22 May 2024
SMITH & NEPHEW PLC
22 May 2024
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
On 20 and 21 May 2024, the Company received notification of the following
transactions in US$0.20 ordinary shares (the "Shares") in Smith & Nephew
plc (the "Company") following the vesting of awards under the Smith &
Nephew Global Share Plan 2020.
All figures in these columns are stated to 6 decimal places where applicable.
i. FINAL VESTING OF 2021 CONDITIONAL AWARDS MADE UNDER THE GLOBAL SHARE
PLAN 2020:
The awards were granted under the Global Share Plan 2020 on 21 May 2021. One
third of the Shares vested on 21 May 2022, a further third vested on 21 May
2023 and the final third vested on 21 May 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 Final vesting on 21 May 2024 of Conditional Share awards granted on 21 May
2021 under the Smith & Nephew Global Share Plan 2020, and subsequent sale
of shares to cover tax liability
Date of Transaction 2024 - 05 - 21
Place of Transaction London Stock Exchange (XLON)
Name Price (£) Volume Aggregated information
(Position) Status
Craig Gaffin PDMR 10.1175 1,522 (of which 372 were sold and 1,150 were retained.) N/A Single Transaction
President, Global Orthopaedics
Scott Schaffner PDMR 10.1175 1,141 (of which 279 were sold and 862 retained.) N/A Single Transaction
(President Sports Medicine)
ii. PARTIAL VESTING OF 2022 CONDITIONAL AWARDS MADE UNDER THE GLOBAL SHARE
PLAN 2020:
The awards were granted under the Global Share Plan 2020 on 12 August 2022.
One quarter of the Shares vested on 20 May 2023, a further quarter vested on
20 May 2024 and the final half will vest on 20 May 2025. 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 on 20 May 2024 of Conditional Share awards granted on 12
August 2022 under the Smith & Nephew Global Share Plan 2020, and
subsequent sale of shares to cover tax liability
Date of Transaction 2024 - 05 - 20
Place of Transaction London Stock Exchange (XLON)
Name Price (£) Volume Aggregated information
(Position) Status
Elga Lohler PDMR 10.290135 10,088 (of which 4,010 were sold and 6,078 were retained.) N/A Single Transaction
(Chief HR Officer)
iii. PARTIAL VESTING OF 2023 CONDITIONAL AWARDS MADE UNDER THE GLOBAL SHARE
PLAN 2020:
The awards were granted under the Global Share Plan 2020 on 19 May 2023. One
quarter of the Shares vested on 20 May 2024, a further quarter will vest on 19
May 2025 and the final half will vest on 19 May 2026. 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 on 20 May 2024 of Conditional Share awards granted on 19 May
2023 under the Smith & Nephew Global Share Plan 2020, and subsequent sale
of shares to cover tax liability
Date of Transaction 2024 - 05 - 20
Place of Transaction London Stock Exchange (XLON)
Name Price (£) Volume Aggregated information
(Position) Status
Craig Gaffin PDMR 10.290135 1,551 (of which 379 were sold and 1,172 were retained.) N/A Single Transaction
President, Global Orthopaedics
Sarah Carne
Deputy Company Secretary
Smith & Nephew plc
Tel: +44 (0)1923 477100
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