Director/PDMR Shareholding

Smith & Nephew Plc

22 December 2023

 

SMITH & NEPHEW PLC

22 December 2023

NOTIFICATION AND PUBLIC DISCLOSURE IN ACCORDANCE WITH THE REQUIREMENTS OF THE EU MARKET ABUSE REGULATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMR") AND PERSONS CLOSELY ASSOCIATED WITH THEM.

On 21 December 2023, the following award of US$0.20 ordinary shares (the "Shares") in Smith & Nephew plc (the "Company") vested under an award agreement to Deepak Nath. 

VESTING OF A PERFORMANCE AWARD GRANTED UNDER THE AWARD AGREEMENT DATED 29 APRIL 2022

As set out in the announcement published on 3 May 2022, a Performance Award over 84,868 shares was granted to Deepak Nath with an expected vest date of 8 November 2023. The vest of this award was subject to the performance conditions applicable to the performance stock award over Siemens Healthineers AG ("SH") shares originally granted to Mr Nath by SH on 8 November 2019.

In accordance with the terms of the award agreement, the expected vest date of 8 November 2023 was delayed so that the applicable performance criteria attaching to the Performance Award could be measured against the financial results of SH which were announced on 8 November 2023. It has been determined that, following completion of the performance measurement period, 99.98% of the award vests. 84,855 shares were therefore available for vest with the remaining balance of shares, 13, lapsing with immediate effect.

Reason for the notification
Initial notification /Amendment	Initial notification
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Name	Smith & Nephew plc
LEI	213800ZTMDN8S67S1H61
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
Description of the financial instrument, type of instrument	Smith & Nephew plc ordinary shares of USD 0.20 each
Identification code	ISIN: GB0009223206
Nature of the transaction	Vest of a Performance Award granted on 29 April 2022 under the award agreement.
Date of Transaction	2023 - 12 - 21
Place of Transaction	London Stock Exchange (XLON)

Name (Position)	Status	Price (£)	Volume	Aggregated information
Deepak Nath (Chief Executive Officer)	Director	10.6125	84,855 (of which 34,479 shares were sold to cover taxes due and 50,376 shares were retained)	N/A Single Transaction

Sarah Carne

Deputy Company Secretary

Smith & Nephew plc

Tel:  [phone]

 

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