REG - Smith & Nephew Plc - Director/PDMR Shareholding

Smith & NephewAnnouncement

22/05/2020 14:00

RNS Number : 7913N
  
Smith & Nephew Plc
  
22 May 2020
  
 

SMITH & NEPHEW PLC
 
22 May 2020
 
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 21 May 2020 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 20 May 2020 of £16.6150.
 
1.       PERFORMANCE SHARE AWARDS GRANTED UNDER THE SMITH & NEPHEW GLOBAL SHARE PLAN 2020
 
There are performance conditions attached to the vesting of performance share awards. These awards will vest on or before 21 May 2023, subject to the achievement of the performance conditions which are measured from 1 January 2020 to 31 December 2022. The number of shares subject to the above awards are shown at target vesting. Should maximum vesting be achieved, participants will receive 2x the number of shares shown below. Participants 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 21 May 2020 under the Smith & Nephew Global Share Plan 2020.




Date of Transaction


2020 - 05 -- 21




Place of Transaction


London Stock Exchange (XLON)




 




Name


Director / PDMR


Price (£)


Volume


Aggregated information




Bradley Cannon 


PDMR


16.6150


14,812


N/A Single Transaction




Phil Cowdy


PDMR


16.6150


9,930


N/A Single Transaction




Roland Diggelmann


Chief Executive Officer


16.6150


96,536


N/A Single Transaction




Myra Eskes


PDMR


16.6150


14,696


N/A Single Transaction




Simon Fraser


PDMR


16.6150


12,814


N/A Single Transaction




Mark Gladwell


PDMR


16.6150


13,241


N/A Single Transaction




Melissa Guerdan


PDMR


16.6150


12,226


N/A Single Transaction




Skip Kiil


PDMR


16.6150


18,345


N/A Single Transaction




Elga Lohler


PDMR


16.6150


13,236


N/A Single Transaction




Ian Melling


PDMR


16.6150


4,867


N/A Single Transaction




Catheryn O'Rourke


PDMR


16.6150


12,868


N/A Single Transaction




Vasant Padmanabhan


PDMR


16.6150


12,819


N/A Single Transaction




Susan Swabey


PDMR


16.6150


4,413


N/A Single Transaction




 
 
2.       PHIL COWDY - SALE OF ORDINARY SHARES
 




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


Sale of ordinary shares.




Date of Transaction


2020 - 05 -- 20




Place of Transaction


London Stock Exchange (XLON)




 




Name


Director / PDMR


Price (£)


Volume


Aggregated information


Total Share Holding following the transaction *


Total Share Holding as a % of the Company's ISC following the transaction *




Phil Cowdy


PDMR


16.261706


4,750


N/A Single Transaction


31,048.19816


0.00351%




 
* including those held by Persons Closely Associated with the Director/PDMR. All figures in these columns are stated to 5 decimal places where applicable.
 
3.       CONDITIONAL SHARE AWARDS GRANTED UNDER THE SMITH & NEPHEW GLOBAL SHARE PLAN 2020
 
The award will vest on the 30 June 2021 subject to continued achievement of objectives and employment. 




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 Award granted on 21 May 2020 under the Smith & Nephew Global Share Plan 2020.




Date of Transaction


2020 - 05 -- 21




Place of Transaction


London Stock Exchange (XLON)




 




Name


Director / PDMR


Price (£)


Volume


Aggregated information




Ian Melling 


PDMR


16.6150


13,120


N/A Single Transaction




 
Vickie Reuben  
Deputy Company Secretary
Smith & Nephew plc
 
Tel:  +44 (0)1923 477410


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