REG - Smith & Nephew Plc - Director/PDMR Shareholding

Smith & NephewAnnouncement

22/05/2024 16:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240522:nRSV5239Pa&default-theme=true

RNS Number : 5239P  Smith & Nephew Plc  22 May 2024

SMITH & NEPHEW PLC

 

22 May 2024

 

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 SHARE AWARDS UNDER THE GLOBAL SHARE PLAN 2020

 

On 20 and 21 May 2024, the Company received notification of the following
transactions in US$0.20 ordinary shares (the "Shares") in Smith & Nephew
plc (the "Company") following the vesting of awards under the Smith &
Nephew Global Share Plan 2020.

 

All figures in these columns are stated to 6 decimal places where applicable.

 

i.    FINAL VESTING OF 2021 CONDITIONAL AWARDS MADE UNDER THE GLOBAL SHARE
PLAN 2020:

 

The awards were granted under the Global Share Plan 2020 on 21 May 2021. One
third of the Shares vested on 21 May 2022, a further third vested on 21 May
2023 and the final third vested on 21 May 2024. 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 on 21 May 2024 of Conditional Share awards granted on 21 May
                                                              2021 under the Smith & Nephew Global Share Plan 2020, and subsequent sale
                                                              of shares to cover tax liability
 Date of Transaction                                          2024 - 05 - 21
 Place of Transaction                                         London Stock Exchange (XLON)

 

 

 Name                                      Price (£)   Volume                                                   Aggregated information

 (Position)                       Status
 Craig Gaffin                     PDMR     10.1175     1,522 (of which 372 were sold and 1,150 were retained.)  N/A Single Transaction

 President, Global Orthopaedics
 Scott Schaffner                  PDMR     10.1175     1,141 (of which 279 were sold and 862 retained.)         N/A Single Transaction

 (President Sports Medicine)

 

 

ii.   PARTIAL VESTING OF 2022 CONDITIONAL AWARDS MADE UNDER THE GLOBAL SHARE
PLAN 2020:

 

The awards were granted under the Global Share Plan 2020 on 12 August 2022.
One quarter of the Shares vested on 20 May 2023, a further quarter vested on
20 May 2024 and the final half will vest on 20 May 2025. 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                                    Partial vesting on 20 May 2024 of Conditional Share awards granted on 12
                                                              August 2022 under the Smith & Nephew Global Share Plan 2020, and
                                                              subsequent sale of shares to cover tax liability
 Date of Transaction                                          2024 - 05 - 20
 Place of Transaction                                         London Stock Exchange (XLON)

 

 

 Name                          Price (£)   Volume                                                      Aggregated information

 (Position)           Status
 Elga Lohler          PDMR     10.290135   10,088 (of which 4,010 were sold and 6,078 were retained.)  N/A Single Transaction

 (Chief HR Officer)

 

 

iii.  PARTIAL VESTING OF 2023 CONDITIONAL AWARDS MADE UNDER THE GLOBAL SHARE
PLAN 2020:

 

The awards were granted under the Global Share Plan 2020 on 19 May 2023. One
quarter of the Shares vested on 20 May 2024, a further quarter will vest on 19
May 2025 and the final half will vest on 19 May 2026. 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                                    Partial vesting on 20 May 2024 of Conditional Share awards granted on 19 May
                                                              2023 under the Smith & Nephew Global Share Plan 2020, and subsequent sale
                                                              of shares to cover tax liability
 Date of Transaction                                          2024 - 05 - 20
 Place of Transaction                                         London Stock Exchange (XLON)

 

 

 Name                                      Price (£)   Volume                                                   Aggregated information

 (Position)                       Status
 Craig Gaffin                     PDMR     10.290135   1,551 (of which 379 were sold and 1,172 were retained.)  N/A Single Transaction

 President, Global Orthopaedics

 

 

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  DSHFLFFEELIFFIS