REG - Smith & Nephew Plc - Director/PDMR Shareholding

Smith & NephewAnnouncement

10/11/2022 07:00

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RNS Number : 8928F  Smith & Nephew Plc  10 November 2022

SMITH & NEPHEW PLC

 

10 November 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.

 

VESTING OF RESTRICTED STOCK UNIT AWARDS GRANTED UNDER THE AWARD AGREEMENT DATED 29 APRIL 2022

 

In line with the announcement published on 3 May 2022, certain Restricted
Stock Unit Awards of US$0.20 ordinary shares (the "Shares") in Smith &
Nephew plc (the "Company") granted to Deepak Nath vested on 8 November 2022.
These Restricted Stock Unit Awards formed part of the buy-out awards granted
in respect of outstanding incentives Deepak Nath forfeited upon leaving his
former company.

 

i.    PARTIAL VESTING ON 8 NOVEMBER 2022 OF A RESTRICTED STOCK UNIT AWARD:

 

A Restricted Stock Unit Award of 8,716 shares was granted to Deepak Nath on 29
April 2022. One half of these shares (4,358 shares) vested on 8 November 2022
and the remaining half will vest on 8 November 2023. A number of Shares were
sold to cover taxation obligations arising on the vesting of the award.

 

The following relates to individual 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 Restricted Stock Unit Award granted on 29 April 2022
                                                              under the award agreement.
 Date of Transaction                                          2022 - 11 - 08
 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  10.407844   4,358 (of which 1,065 were sold to cover taxes due and 3,293 retained)  N/A Single Transaction  3,293.00000 ordinary shares                               0.00038%

 (Chief Executive Officer)

 

ii.    PARTIAL VESTING ON 8 NOVEMBER 2022 OF A RESTRICTED STOCK UNIT AWARD:

 

A Restricted Stock Unit Award of 12,061 shares was granted to Deepak Nath on
29 April 2022. One quarter of these shares (3,015 shares) vested on 8 November
2022, a second quarter will vest on 8 November 2023, a third quarter will vest
on 8 November 2024 and the final quarter will vest on 8 November 2025. A
number of Shares were sold to cover taxation obligations arising on the
vesting of the award.

 

The following relates to individual 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 Restricted Stock Unit Award granted on 29 April 2022
                                                              under the award agreement.
 Date of Transaction                                          2022 - 11 - 08
 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  10.407844   3,015 (of which 737 were sold to cover taxes due and 2,278 retained)  N/A Single Transaction  5,571.00000 ordinary shares                               0.00063%

 (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.

 

Sarah Carne

Deputy Company Secretary

Smith & Nephew plc

 

Tel:  +44 (0)1923 477100

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