REG - Smith & Nephew Plc - Director/PDMR Shareholding

Smith & NephewAnnouncement

16/08/2024 09:45

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RNS Number : 7676A  Smith & Nephew Plc  16 August 2024

SMITH & NEPHEW PLC

 

16 August 2024

 

NOTIFICATION AND PUBLIC DISCLOSURE IN ACCORDANCE WITH THE REQUIREMENTS OF THE
MARKET ABUSE REGULATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITIES ("PDMR") AND PERSONS CLOSELY ASSOCIATED WITH THEM.

In accordance with the Directors' Remuneration Policy 2024 (the "Policy"), the
Company has granted the following awards to Deepak Nath, CEO:

·      An increase in the number of shares awarded under the Performance
Share Programme ("PSP") 2024 of 27,520 USD 0.20 ordinary shares on the same
terms and conditions, including performance conditions, as the PSP award
granted on 8 March 2024.

 

·      An RSP award of 131,517 USD 0.20 ordinary shares which will
normally vest in three equal tranches over a three-year period, contingent on
a reasonable judgement underpin being met as determined by the Remuneration
Committee.

Further details of these awards are set out below.

 

PSP 2024 - 2026 awards: In accordance with the Policy, the Company has made a
 grant of an increased level of Performance Share Plan awards shown in the
table below which will vest on 8 March 2027, subject to the achievement of the
performance conditions which are measured over the period 1 January 2024 to 31
December 2026. Participants will receive an additional number of shares
equivalent to the amount of dividend payable per vested share during the
relevant performance period.

 

 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 on 16 August 2024 under the Smith &
                                                              Nephew Global Share Plan 2020.
 Date of Transaction                                          2024 - 08 - 16
 Place of Transaction                                         Grant took place outside a trading venue

 

 Name                        Status    Price (s)  Volume(s)*  Aggregated information

 (Position)
 Deepak Nath                 Director  £10.875    27,520      N/A Single Transaction

 (Chief Executive Officer)

* The number of shares assuming a maximum vesting is shown.

 

Restricted Share Plan 2024 awards: In accordance with the Policy, the Company
has made a grant of the awards shown in the table below which will vest in
three equal tranches on the first, second and third anniversary of the award,
contingent on a reasonable judgement underpin being met as determined by the
Remuneration Committee. Participants will receive an additional number of
shares equivalent to the amount of dividend payable per vested share during
the relevant vesting period.

 

 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                                    Award granted on 16 August 2024 under the Smith & Nephew plc Restricted
                                                              Share Plan 2024.
 Date of Transaction                                          2024 - 08 - 16
 Place of Transaction                                         Grant took place outside a trading venue

 

 

 Name                        Status    Price (s)*  Volume(s)  Aggregated information

 (Position)
 Deepak Nath                 Director  £11.7010    131,517    N/A Single Transaction

 (Chief Executive Officer)

* The award share price has been determined using the average closing share
price over the period 1 August to 14 August 2024.

 

 

Helen Barraclough

Company Secretary

Smith & Nephew plc

Tel: +44 (0)1923 477100

 

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