Director/PDMR Shareholding

RNS Number : 7354M

Smith & Nephew Plc

19 August 2011

 



NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL REPONSIBILITY AND CONNECTED PERSONS

19 August 2011

SMITH & NEPHEW PLC

We have today been advised by our share plan administrators of an error in the information released on 16 August 2011 relating to the vesting of Michael Frazzette's Award granted under the Smith & Nephew 2004 Performance Share Plan (the "PSP") on 15 August 2008:

The correct information is as follows:-

Name of PDMR	Number of ADSs acquired under vesting (i)	Number of ADSs disposed	Total holding of ADS shares following this notification:
Michael Frazzette	1,577 ADSs	503 ADSs	11,113 ADS (representing 55,565 Ordinary shares

Notes

(i)      As announced on 17 February 2011, 73% of the PSP awards made on 15 August 2008 lapsed following completion of the performance period.

(ii)     The market value of ADSs on 15 August 2011 was US$46.0041 per ADS.

(iii)    One ADS is equivalent to five ordinary shares of US$0.20each.

(iv)    The ADSs were released and sold on 15 August 2011 in New York, USA.

(v)     The percentages of issued share capital acquired, disposed and held following notification are all under 0.01% of the total issued share capital of the Company.

This announcement is made in accordance with the requirements of DTR 3.1.4 R (1)(a)

Gemma Parsons

Deputy Company Secretary

Tel: [phone]

 

END

 

 

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