Director/PDMR Shareholding

RNS Number : 9036A
Smith & Nephew Plc
26 March 2013
 



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

 

SMITH & NEPHEW PLC

 

26 March 2013

 

Smith & Nephew plc announces that it received notification on 25 March 2013 that transactions by persons discharging managerial responsibilities ("PDMRs") took place, following the vesting of shares on 22 March 2013 and 23 March 2013 under the Smith & Nephew Deferred Bonus Plan (the "Plan") as detailed below:

 

1. Final partial vesting of 2010 awards made under the Plan

 

Name of PDMR

Number of Ordinary Shares or ADS acquired on vesting (i)

Number of dividend shares received (ii)

Number of Ordinary Shares or ADS disposed

Total holding of Ordinary Shares following this notification:

John Campo

852 ADS

-

382 ADS

78,516 Ords (including 14,774 ADS)

Michael Frazzette

861 ADS

-

328 ADS

126,455 Ords (including 18,793 ADS)

R Gordon Howe

718 ADS

-

718 ADS

59,295 Ords (including 11,859 ADS)

G Kelvin Johnson

1,850 Ords

99 Ords

0 Ords

56,992 Ords

Roger Teasdale

2,850 Ords

152 Ords

1,567 Ords

42,696 Ords

 

(i)      The awards were granted under the Plan on 22 March 2010.  One third of the shares vested on 22 March 2011, one third vested on 22 March 2012 and the final third vested on 22 March 2013.

 

(ii)     Where awards are granted over ADS accrued dividend entitlements are paid out in cash on vesting rather than in shares.

 

(iii)    The market value of Ordinary Shares and ADS acquired and sold on 22 March 2013 were 737.6415p per Ordinary Share and $56.9791 per ADS, respectively.

 

 

2. Partial vesting of 2011 awards made under the Plan

 

Name of PDMR

Number of Ordinary Shares or ADS acquired on vesting (i)

Number of dividend shares received (ii)

Number of Ordinary Shares or ADS disposed

Total holding of Ordinary Shares following this notification:

John Campo

660 ADS

-

300 ADS

80,316 Ords (including 15,134 ADS)

Michael Frazzette

738 ADS

-

281 ADS

128,740 Ords (including 19,250 ADS)

R Gordon Howe

543 ADS

-

543 ADS

59,295 Ords (including 11,859 ADS)

G Kelvin Johnson

2,948 Ords

107 Ords

0 Ords

60,047 Ords

Roger Teasdale

4,260 Ords

155 Ords

2,304 Ords

44,807 Ords

 

(i)         The awards were granted under the Plan on 23 March 2011.  One third of the shares vested on 23 March 2012, one third vested on 23 March 2013 and, subject to continued employment, the remaining one third will vest on 23 March 2014.

 

(ii)        Where awards are granted over ADS accrued dividend entitlements are paid out in cash on vesting rather than in shares.

 

(iii)       The market value of Ordinary Shares and ADS acquired and sold on 25 March 2013 were 748.7381p per Ordinary Share and $57.0622 per ADS, respectively.

 

 

 

Notes:

 

1.         One ADS is equivalent to five Ordinary Shares of US$0.20 each.

 

2.         The Ordinary Shares were released in London, UK. The ADS were released in New York, USA.

 

3.         The percentages of issued share capital acquired, disposed and held following notification are all under 0.1% 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

Smith & Nephew plc

 

Tel: 020 7401 7646


This information is provided by RNS
The company news service from the London Stock Exchange
 
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