REG - Smith & Nephew Plc - Director/PDMR Shareholding

Smith & NephewAnnouncement

12/11/2021 16:30

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RNS Number : 2868S  Smith & Nephew Plc  12 November 2021

SMITH & NEPHEW PLC

 

12 November 2021

 

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.

 

On 12 November 2021, the following awards of US$0.20 ordinary shares (the
"Shares") in Smith & Nephew plc (the "Company") were granted under the
Smith & Nephew Global Share Plan 2020. The awards have been made in London
and are based on the closing Share price on the London Stock Exchange on 11
November 2021 of £13.055.

 

1.       PERFORMANCE SHARE AWARD GRANTED UNDER THE SMITH & NEPHEW
GLOBAL SHARE PLAN 2020

 

There are performance conditions attached to the vesting of performance share
awards. This award will vest on 12 November 2024, subject to the achievement
of the performance conditions which are measured from 1 January 2021 to 31
December 2023 and were determined by the Remuneration Committee in April 2021.
The number of shares subject to the above award is shown at target vesting.
Should maximum vesting be achieved, the participant will receive 2x the number
of shares shown below. The participant will receive an additional number of
shares equivalent to the amount of dividend payable per vested share during
the relevant performance period.

 

The following relates to all individuals included in this section:

 

 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                                    Performance Share Awards granted at target on 12 November 2021 under the Smith
                                                              & Nephew Global Share Plan 2020.
 Date of Transaction                                          2021 - 11 - 12
 Place of Transaction                                         Grant took place outside a trading venue

 

 Name (Position)                                    Director / PDMR  Price (£)   Volume  Aggregated information
 Mizanu Kebede                                      PDMR             13.055      8,840   N/A Single Transaction

 (Chief Quality & Regulatory Affairs Officer)

 

 

2.       CONDITIONAL SHARE AWARDS GRANTED UNDER THE SMITH & NEPHEW
GLOBAL SHARE PLAN 2020:

 

The awards will normally vest a third on the first anniversary of grant, a
third on the second anniversary of grant and the final third will vest on the
third anniversary of grant subject to continued achievement of objectives and
employment.

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                                    Conditional share awards granted on 12 November 2021 under the Smith &
                                                              Nephew Global Share Plan 2020.
 Date of Transaction                                          2021 - 11 - 12
 Place of Transaction                                         Grant took place outside a trading venue

 

 Name (Position)                                    Director / PDMR  Price (£)   Volume  Aggregated information
 Paul Connolly                                      PDMR             13.055      30,869  N/A Single Transaction

 (President Global Operations)
 Mizanu Kebede                                      PDMR             13.055      15,148  N/A Single Transaction

 (Chief Quality & Regulatory Affairs Officer)

 

 

Susan Swabey

Company Secretary

Smith & Nephew plc

 

Tel:  +44 (0)1923 477410

 

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