Director/PDMR Shareholding

RNS Number : 8565Y

Smith & Nephew Plc

08 March 2017

 

SMITH & NEPHEW PLC

08 March 2017

NOTIFICATION AND PUBLIC DISCLOSURE IN ACCORDANCE WITH THE REQUIREMENTS OF THE EU MARKET ABUSE REGUALTION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM.

On 7 March 2017 the following awards of US$0.20 ordinary shares (the "Shares") in Smith & Nephew plc (the "Company") were granted under the Smith & Nephew Global Share Plan 2010. The Awards have been made in London and are based on the closing Share price on the London Stock Exchange on 6 March 2017 of £12.24.

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

There are performance conditions attached to the vesting of performance share awards. These awards will vest on 7 March 2020, subject to the achievement of the performance conditions which are measured from 1 January 2017 to 31 December 2019. 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 below.  Participants will receive an additional number of shares equivalent to the amount of dividend payable per vested share during the relevant performance period.

Name	Grant date	Director/PDMR	Number of shares subject to award shown at target vesting
Olivier Bohuon	07.03.2017	Chief Executive Officer	79,164
Graham Baker	07.03.2017	Chief Financial Officer	39,583
Rodrigo Bianchi	07.03.2017	PDMR	26,792
John Campo	07.03.2017	PDMR	21,811
Bradley Cannon	07.03.2017	PDMR	22,471
Michael Frazzette	07.03.2017	PDMR	29,009
Elga Lohler	07.03.2017	PDMR	12,806
Vasant Padmanabhan	07.03.2017	PDMR	16,498
Cyrille Petit	07.03.2017	PDMR	17,018
Matthew Stober	07.03.2017	PDMR	21,713
Glenn Warner	07.03.2017	PDMR	21,713

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

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

Name	Grant date	Director/PDMR	Number of shares subject to award
Olivier Bohuon	07.03.2017	Chief Executive Officer	41,665
Rodrigo Bianchi	07.03.2017	PDMR	26,792
John Campo	07.03.2017	PDMR	19,828
Bradley Cannon	07.03.2017	PDMR	18,854
Michael Frazzette	07.03.2017	PDMR	26,372
Elga Lohler	07.03.2017	PDMR	12,806
Vasant Padmanabhan	07.03.2017	PDMR	5,699
Cyrille Petit	07.03.2017	PDMR	17,018
Matthew Stober	07.03.2017	PDMR	21,713
Glenn Warner	07.03.2017	PDMR	19,739

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Olivier Bohuon
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Smith & Nephew plc
b)	LEI	213800ZTMDN8S67S1H61
4	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
Date of Transaction Financial Instrument Identification Code Place of Transaction Currency 2017 - 03 - 07 Smith & Nephew plc Ordinary Shares of USD 0.20 each ISIN: GB0009223206 Outside a trading venue GBP - British Pound Nature of Transaction: Performance Share Awards granted at target on 7 March 2017 under the Smith & Nephew Global Share Plan 2010 Price Volume Total £12.24 79,164 £968,967.36 Aggregated £12.24 79,164 £968,967.36 Date of Transaction Financial Instrument Identification Code Place of Transaction Currency 2017 - 03 - 07 Smith & Nephew plc Ordinary Shares of USD 0.20 each ISIN: GB0009223206 Outside a trading venue GBP - British Pound Nature of Transaction: Equity Incentive Awards granted on 7 March 2017 under the Smith & Nephew Global Share Plan 2010 Price Volume Total £12.24 41,665 £509,979.60 Aggregated £12.24 41,665 £509,979.60

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Graham Baker
2	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Smith & Nephew plc
b)	LEI	213800ZTMDN8S67S1H61
4	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
Date of Transaction Financial Instrument Identification Code Place of Transaction Currency 2017 - 03 - 07 Smith & Nephew plc Ordinary Shares of USD 0.20 each ISIN: GB0009223206 Outside a trading venue GBP - British Pound Nature of Transaction: Performance Share Awards granted at target on 7 March 2017 under the Smith & Nephew Global Share Plan 2010 Price Volume Total £12.24 39,583 £484,495.92 Aggregated £12.24 39,583 £484,495.92

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Rodrigo Bianchi
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Smith & Nephew plc
b)	LEI	213800ZTMDN8S67S1H61
4	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
Date of Transaction Financial Instrument Identification Code Place of Transaction Currency 2017 - 03 - 07 Smith & Nephew plc Ordinary Shares of USD 0.20 each ISIN: GB0009223206 Outside a trading venue GBP - British Pound Nature of Transaction: Performance Share Awards granted at target on 7 March 2017 under the Smith & Nephew Global Share Plan 2010 Price Volume Total £12.24 26,792 £327,934.08 Aggregated £12.24 26,792 £327,934.08 Date of Transaction Financial Instrument Identification Code Place of Transaction Currency 2017 - 03 - 07 Smith & Nephew plc Ordinary Shares of USD 0.20 each ISIN: GB0009223206 Outside a trading venue GBP - British Pound Nature of Transaction: Equity Incentive Awards granted on 7 March 2017 under the Smith & Nephew Global Share Plan 2010 Price Volume Total £12.24 26,792 £327,934.08 Aggregated £12.24 26,792 £327,934.08

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	John Campo
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Smith & Nephew plc
b)	LEI	213800ZTMDN8S67S1H61
4	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
Date of Transaction Financial Instrument Identification Code Place of Transaction Currency 2017 - 03 - 07 Smith & Nephew plc Ordinary Shares of USD 0.20 each ISIN: GB0009223206 Outside a trading venue GBP - British Pound Nature of Transaction: Performance Share Awards granted at target on 7 March 2017 under the Smith & Nephew Global Share Plan 2010 Price Volume Total £12.24 21,811 £266,966.64 Aggregated £12.24 21,811 £266,966.64 Date of Transaction Financial Instrument Identification Code Place of Transaction Currency 2017 - 03 - 07 Smith & Nephew plc Ordinary Shares of USD 0.20 each ISIN: GB0009223206 Outside a trading venue GBP - British Pound Nature of Transaction: Equity Incentive Awards granted on 7 March 2017 under the Smith & Nephew Global Share Plan 2010 Price Volume Total £12.24 19,828 £242,694.72 Aggregated £12.24 19,828 £242,694.72

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Bradley Cannon
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Smith & Nephew plc
b)	LEI	213800ZTMDN8S67S1H61
4	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
Date of Transaction Financial Instrument Identification Code Place of Transaction Currency 2017 - 03 - 07 Smith & Nephew plc Ordinary Shares of USD 0.20 each ISIN: GB0009223206 Outside a trading venue GBP - British Pound Nature of Transaction: Performance Share Awards granted at target on 7 March 2017 under the Smith & Nephew Global Share Plan 2010 Price Volume Total £12.24 22,471 £275,045.04 Aggregated £12.24 22,471 £275,045.04 Date of Transaction Financial Instrument Identification Code Place of Transaction Currency 2017 - 03 - 07 Smith & Nephew plc Ordinary Shares of USD 0.20 each ISIN: GB0009223206 Outside a trading venue GBP - British Pound Nature of Transaction: Equity Incentive Awards granted on 7 March 2017 under the Smith & Nephew Global Share Plan 2010 Price Volume Total £12.24 18,854 £230,772.96 Aggregated £12.24 18,854 £230,772.96

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Michael Frazzette
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Smith & Nephew plc
b)	LEI	213800ZTMDN8S67S1H61
4	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
Date of Transaction Financial Instrument Identification Code Place of Transaction Currency 2017 - 03 - 07 Smith & Nephew plc Ordinary Shares of USD 0.20 each ISIN: GB0009223206 Outside a trading venue GBP - British Pound Nature of Transaction: Performance Share Awards granted at target on 7 March 2017 under the Smith & Nephew Global Share Plan 2010 Price Volume Total £12.24 29,009 £355,070.16 Aggregated £12.24 29,009 £355,070.16 Date of Transaction Financial Instrument Identification Code Place of Transaction Currency 2017 - 03 - 07 Smith & Nephew plc Ordinary Shares of USD 0.20 each ISIN: GB0009223206 Outside a trading venue GBP - British Pound Nature of Transaction: Equity Incentive Awards granted on 7 March 2017 under the Smith & Nephew Global Share Plan 2010 Price Volume Total £12.24 26,372 £322,793.28 Aggregated £12.24 26,372 £322,793.28

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Elga Lohler
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Smith & Nephew plc
b)	LEI	213800ZTMDN8S67S1H61
4	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
Date of Transaction Financial Instrument Identification Code Place of Transaction Currency 2017 - 03 - 07 Smith & Nephew plc Ordinary Shares of USD 0.20 each ISIN: GB0009223206 Outside a trading venue GBP - British Pound Nature of Transaction: Performance Share Awards granted at target on 7 March 2017 under the Smith & Nephew Global Share Plan 2010 Price Volume Total £12.24 12,806 £156,745.44 Aggregated £12.24 12,806 £156,745.44 Date of Transaction Financial Instrument Identification Code Place of Transaction Currency 2017 - 03 - 07 Smith & Nephew plc Ordinary Shares of USD 0.20 each ISIN: GB0009223206 Outside a trading venue GBP - British Pound Nature of Transaction: Equity Incentive Awards granted on 7 March 2017 under the Smith & Nephew Global Share Plan 2010 Price Volume Total £12.24 12,806 £156,745.44 Aggregated £12.24 12,806 £156,745.44

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Vasant Padmanabhan
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Smith & Nephew plc
b)	LEI	213800ZTMDN8S67S1H61
4	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
Date of Transaction Financial Instrument Identification Code Place of Transaction Currency 2017 - 03 - 07 Smith & Nephew plc Ordinary Shares of USD 0.20 each ISIN: GB0009223206 Outside a trading venue GBP - British Pound Nature of Transaction: Performance Share Awards granted at target on 7 March 2017 under the Smith & Nephew Global Share Plan 2010 Price Volume Total £12.24 16,498 £201,935.52 Aggregated £12.24 16,498 £201,935.52 Date of Transaction Financial Instrument Identification Code Place of Transaction Currency 2017 - 03 - 07 Smith & Nephew plc Ordinary Shares of USD 0.20 each ISIN: GB0009223206 Outside a trading venue GBP - British Pound Nature of Transaction: Equity Incentive Awards granted on 7 March 2017 under the Smith & Nephew Global Share Plan 2010 Price Volume Total £12.24 5,699 £69,755.76 Aggregated £12.24 5,699 £69,755.76

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Cyrille Petit
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Smith & Nephew plc
b)	LEI	213800ZTMDN8S67S1H61
4	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
Date of Transaction Financial Instrument Identification Code Place of Transaction Currency 2017 - 03 - 07 Smith & Nephew plc Ordinary Shares of USD 0.20 each ISIN: GB0009223206 Outside a trading venue GBP - British Pound Nature of Transaction: Performance Share Awards granted at target on 7 March 2017 under the Smith & Nephew Global Share Plan 2010 Price Volume Total £12.24 17,018 £208,300.32 Aggregated £12.24 17,018 £208,300.32 Date of Transaction Financial Instrument Identification Code Place of Transaction Currency 2017 - 03 - 07 Smith & Nephew plc Ordinary Shares of USD 0.20 each ISIN: GB0009223206 Outside a trading venue GBP - British Pound Nature of Transaction: Equity Incentive Awards granted on 7 March 2017 under the Smith & Nephew Global Share Plan 2010 Price Volume Total £12.24 17,018 £208,300.32 Aggregated £12.24 17,018 £208,300.32

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Matthew Stober
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Smith & Nephew plc
b)	LEI	213800ZTMDN8S67S1H61
4	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
Date of Transaction Financial Instrument Identification Code Place of Transaction Currency 2017 - 03 - 07 Smith & Nephew plc Ordinary Shares of USD 0.20 each ISIN: GB0009223206 Outside a trading venue GBP - British Pound Nature of Transaction: Performance Share Awards granted at target on 7 March 2017 under the Smith & Nephew Global Share Plan 2010 Price Volume Total £12.24 21,713 £265,767.12 Aggregated £12.24 21,713 £265,767.12 Date of Transaction Financial Instrument Identification Code Place of Transaction Currency 2017 - 03 - 07 Smith & Nephew plc Ordinary Shares of USD 0.20 each ISIN: GB0009223206 Outside a trading venue GBP - British Pound Nature of Transaction: Equity Incentive Awards granted on 7 March 2017 under the Smith & Nephew Global Share Plan 2010 Price Volume Total £12.24 21,713 £265,767.12 Aggregated £12.24 21,713 £265,767.12

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Glenn Warner
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Smith & Nephew plc
b)	LEI	213800ZTMDN8S67S1H61
4	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
Date of Transaction Financial Instrument Identification Code Place of Transaction Currency 2017 - 03 - 07 Smith & Nephew plc Ordinary Shares of USD 0.20 each ISIN: GB0009223206 Outside a trading venue GBP - British Pound Nature of Transaction: Performance Share Awards granted at target on 7 March 2017 under the Smith & Nephew Global Share Plan 2010 Price Volume Total £12.24 21,713 £265,767.12 Aggregated £12.24 21,713 £265,767.12 Date of Transaction Financial Instrument Identification Code Place of Transaction Currency 2017 - 03 - 07 Smith & Nephew plc Ordinary Shares of USD 0.20 each ISIN: GB0009223206 Outside a trading venue GBP - British Pound Nature of Transaction: Equity Incentive Awards granted on 7 March 2017 under the Smith & Nephew Global Share Plan 2010 Price Volume Total £12.24 19,739 £241,605.36 Aggregated £12.24 19,739 £241,605.36

Tony Llewellyn

Deputy Company Secretary

Smith & Nephew plc

Tel:  [phone]

 

END

 

 

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