Director/PDMR Shareholding

RNS Number : 4527R

Smith & Nephew Plc

08 March 2016

 

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

SMITH & NEPHEW PLC

8 March 2016

Smith & Nephew plc announces the following transactions by Directors and persons discharging managerial responsibilities ("PDMRs") in relation to conditional awards over shares:

1.       PERFORMANCE SHARE AWARDS GRANTED UNDER THE SMITH & NEPHEW GLOBAL SHARE PLAN 2010

Name	Grant date	Director/PDMR	Number of shares subject to award shown at target vesting
Olivier Bohuon	07.03.2016	Director	73,310
Julie Brown	07.03.2016	Director	43,772
Rodrigo Bianchi	07.03.2016	PDMR	23,377
John Campo	07.03.2016	PDMR	19,449
Bradley Cannon	07.03.2016	PDMR	14,151
Michael Frazzette	07.03.2016	PDMR	25,868
Elga Lohler	07.03.2016	PDMR	12,838
Cyrille Petit	07.03.2016	PDMR	17,601
Matthew Stober	07.03.2016	PDMR	19,362
Glenn Warner	07.03.2016	PDMR	19,362

(i)      There are performance conditions attached to the vesting of performance share awards. These awards will vest on 7 March 2019, subject to the achievement of the performance conditions which are measured from 1 January 2016 to 31 December 2018.

(ii)      The numbers of shares subject to the above awards are shown at target vesting.  Should maximum vesting be achieved, participants will receive 2x the number of shares shown above. 

(iii)     Participants will receive an additional number of shares equivalent to the amount of dividend payable per vested share during the relevant performance period.

2.       EQUITY INCENTIVE AWARDS GRANTED UNDER THE SMITH & NEPHEW GLOBAL SHARE PLAN 2010

Name	Grant date	Director/PDMR	Number of shares subject to award
Olivier Bohuon	07.03.2016	Director	50,159
Julie Brown	07.03.2016	Director	25,342
Rodrigo Bianchi	07.03.2016	PDMR	22,270
John Campo	07.03.2016	PDMR	19,449
Bradley Cannon	07.03.2016	PDMR	11,578
Michael Frazzette	07.03.2016	PDMR	26,340
Elga Lohler	07.03.2016	PDMR	11,670
Cyrille Petit	07.03.2016	PDMR	17,601
Matthew Stober	07.03.2016	PDMR	17,602
Glenn Warner	07.03.2016	PDMR	21,520

(i)      The awards will normally vest in equal annual tranches over three years following the award date subject to continued achievement of objectives and employment. In the event that objectives are not met in any of the three years, the portion of shares due to vest on the following anniversary will lapse.

(ii)      Participants will receive an additional number of shares equivalent to the amount of dividend payable per vested share during the relevant performance period.

3.       CONDITIONAL SHARE AWARD UNDER THE SMITH & NEPHEW GLOBAL SHARE PLAN 2010

Name of PDMR	Number of Ordinary Shares under award	Date of Grant
Mike Frazzette	43,516 Ordinary Shares	7 March 2016

(i)         The award will vest, subject to continued achievement of objectives and employment on 7 March 2019. In the event that objectives are not met the shares will lapse.

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

Vickie Reuben  

Deputy Company Secretary

Smith & Nephew plc

Tel: [phone]

 

END

 

 

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