REG - Smith & Nephew Plc - Director/PDMR Shareholding

Smith & NephewAnnouncement

24/05/2022 14:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220524:nRSX6442Ma&default-theme=true

RNS Number : 6442M  Smith & Nephew Plc  24 May 2022

SMITH & NEPHEW PLC

 

24 May 2022

 

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 A CONDITIONAL AWARD GRANTED UNDER AN AWARD AGREEMENT DATED
29 APRIL 2022

 

On 23 May 2022, the Conditional Award of US$0.20 ordinary shares (the
"Shares") in Smith & Nephew plc (the "Company") vested over 70,378 Shares.
The resultant Shares post-vest were sold on 23 May 2022. Proceeds from the
sale of sufficient Shares were utilised to satisfy the taxes due. As
previously announced the Conditional Award formed part of buy-out awards in
respect of outstanding incentives Deepak Nath forfeited upon leaving his
former company.

 

 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                                    Vesting of a Conditional Award and subsequent sale of all Shares.
 Date of Transaction                                          2022 - 05 - 23
 Place of Transaction                                         London Stock Exchange (XLON)

 

 Name                                  Price (£)   Volume                                             Aggregated information  Total Ordinary Share Holding following the transaction *  Total Ordinary Share Holding as a % of the Company's ISC following the

                                                                                                                                                          transaction *
 (Position)                  Status
 Deepak Nath                 Director  12.743100   70,378 (of which 70,378 were sold and 0 retained)  N/A Single Transaction  0.00000 ordinary shares                                   0.00000%

 (Chief Executive Officer)

 

* including those held by Persons Closely Associated with the Director/PDMR.
All figures in these columns are stated to 5 decimal places where applicable.

 

2.   VESTING OF SHARE AWARDS UNDER THE GLOBAL SHARE PLAN 2010

 

On 23 May 2022, the following awards of US$0.20 ordinary shares (the "Shares")
in Smith & Nephew plc (the "Company") vested under the Smith & Nephew
Global Share Plan 2010.

 

i.    FINAL VESTING ON 23 MAY 2022 OF CONDITIONAL SHARE AWARDS MADE UNDER
THE GLOBAL SHARE PLAN 2010:

 

The awards were granted under the Global Share Plan 2010 on 23 May 2019. One
third of the shares vested on 23 May 2020, a further third vested on 23 May
2021 and the final third vested on 23 May 2022. 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 of a Conditional Share Award granted on 23 May 2019 under the
                                                              Smith & Nephew Global Share Plan 2010.
 Date of Transaction                                          2022 - 05 - 23
 Place of Transaction                                         London Stock Exchange (XLON)

 

 Name                                                                               Price (£)   Volume                                               Aggregated information  Total Ordinary Share Holding following the transaction *  Total Ordinary Share Holding as a % of the Company's ISC following the

                                                                                                                                                           transaction *
 (Position)                                                                Status
 Myra Eskes                                                                PDMR     12.8275     8,571 (of which 0 were sold and 8,571 retained)      N/A Single Transaction  27,183.09703 ordinary shares                              0.00307%

 (President APAC Region)
 Simon Fraser                                                              PDMR     12.8275     2,600 (of which 1,027 were sold and 1,573 retained)  N/A Single Transaction  27,398.81838 ordinary shares                              0.00310%

 (President, Advanced Wound Management and Global Commercial Operations)

 

* including those held by Persons Closely Associated with the Director/PDMR.
All figures in these columns are stated to 5 decimal places where applicable.

 

 

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  DSHFLFFVERISFIF