REG - Smith & Nephew Plc - Director/PDMR Shareholding

Smith & NephewAnnouncement

22/12/2023 10:45

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RNS Number : 7940X  Smith & Nephew Plc  22 December 2023

SMITH & NEPHEW PLC

 

22 December 2023

 

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 December 2023, the following award of US$0.20 ordinary shares (the
"Shares") in Smith & Nephew plc (the "Company") vested under an award
agreement to Deepak Nath.

 

VESTING OF A PERFORMANCE AWARD GRANTED UNDER THE AWARD AGREEMENT DATED 29
APRIL 2022

 

As set out in the announcement published on 3 May 2022, a Performance Award
over 84,868 shares was granted to Deepak Nath with an expected vest date of 8
November 2023. The vest of this award was subject to the performance
conditions applicable to the performance stock award over Siemens Healthineers
AG ("SH") shares originally granted to Mr Nath by SH on 8 November 2019.

 

In accordance with the terms of the award agreement, the expected vest date of
8 November 2023 was delayed so that the applicable performance criteria
attaching to the Performance Award could be measured against the financial
results of SH which were announced on 8 November 2023. It has been determined
that, following completion of the performance measurement period, 99.98% of
the award vests. 84,855 shares were therefore available for vest with the
remaining balance of shares, 13, lapsing with immediate effect.

 

 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                                    Vest of a Performance Award granted on 29 April 2022 under the award
                                                              agreement.
 Date of Transaction                                          2023 - 12 - 21
 Place of Transaction                                         London Stock Exchange (XLON)

 

 Name                                  Price (£)   Volume                                                                         Aggregated information

 (Position)                  Status
 Deepak Nath                 Director  10.6125     84,855 (of which 34,479 shares were sold to cover taxes due and 50,376 shares  N/A Single Transaction

                                                 were retained)
 (Chief Executive Officer)

 

 

Sarah Carne

Deputy Company Secretary

Smith & Nephew plc

 

Tel:  +44 (0)1923 477100

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