Director/PDMR Shareholding

RNS Number : 1172K

Smith & Nephew Plc

15 August 2012

 



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

SMITH & NEPHEW PLC

15 August 2012

Smith & Nephew plc announces that it has been informed of the following transactions by directors or persons discharging managerial responsibilities ("PDMRs"):

1.   Smith & Nephew 2004 Performance Share Plan

Vesting on 13 August 2012 of awards granted under the Smith & Nephew 2004 Performance Share Plan (the "PSP") on 13 August 2009.

Name of PDMR	Number of ordinary shares or ADSs acquired	Number of ordinary shares or ADSs sold	Total ordinary shares or ADSs held following notification
Adrian Hennah	141,920 ordinary shares	73,984 ordinary shares	252,922 ordinary shares
John Campo	7,758 ADS	2,455 ADS	14,066 ADS (representing 70,330 ordinary shares)
Michael Frazzette	7,926 ADS	2,519 ADS	18,387 ADS (representing 91,935 ordinary shares)
R Gordon Howe	6,424 ADS	1,704 ADS	11,859 (representing 59,295 ordinary shares)
G Kelvin Johnson	15,037 ordinary shares	3,228 ordinary shares	27,498 ordinary shares
Roger Teasdale	31,001 ordinary shares	16,162 ordinary shares	35,119 ordinary shares

(i)         As announced on 06 February 2012, 12% of the PSP awards made on 13 August 2009    lapsed following completion of the performance period.

(ii)         The market value on 13 August 2012 of ordinary shares and ADSs was 665.2483p per     share and US$52.1036 per ADS respectively.

(iii)        The ordinary shares were released and sold on 13 August 2012 in London, UK.  The         ADSs were released and sold on 13 August 2012 in New York, USA.

(iv)        In each case ordinary shares and ADSs were sold to cover taxation obligations arising     on the vesting of the awards.

2.   Smith & Nephew share option plans

Exercise of options and disposal of resultant ordinary shares on 14 August 2012.

Name of  PDMR:	Roger Teasdale
Plan	Smith & Nephew 2001 Unapproved Share Option Plan	Smith & Nephew Global Share Plan 2010
Number of ordinary shares purchased under option	46,972	16,336
Option price per ordinary share	479p	538p
No. of ordinary shares disposed:	46,972	16,336
Total holding following notification:	35,119 ordinary shares

(i)         The shares were sold at a price of 668.6478p per share.

(ii)        The transactions took place in London, UK

Notes:

1)         One ADS is the equivalent of five Ordinary shares of US$.20 each.

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

3)         This announcement is made in accordance with the requirements of DTR 3.1.2 R(1)(a).

Gemma Parsons

Deputy Company Secretary

Smith & Nephew plc

Tel: [phone]

 

END

 

 

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