Replacement - Director/PDMR Shareholding

RNS Number : 1150C

Smith & Nephew Plc

12 March 2014

 



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

SMITH & NEPHEW PLC

12 March 2014

This is a replacement announcement for that made under the heading "Director/PDMR Shareholding" on 11 March 2014 at 17:05.

All of the text is unchanged, except for the spelling of Olivier Bohuon's name, which has been corrected.

Smith & Nephew plc announces that it has been informed today of the following transactions by Directors and persons discharging managerial responsibilities ("PDMRs") in relation to conditional awards over shares:

1.       PARTIAL VESTING OF 2013 EQUITY INCENTIVE AWARDS MADE UNDER THE GLOBAL SHARE PLAN 2010 (GSP 2010) on 7 MARCH 2014

Name of Director / PDMR	Number of Ordinary Shares acquired (iv)	Number of Ordinary Shares sold	Total Ordinary Shares / ADS' held following notification
Olivier Bohuon (iii)	27,971	6,246	132,963 Ordinary Shares
John Campo (iii)	8,826	4,414	112,043 Ordinary Shares (including 20,597 ADS')
Francisco Canal Vega(iii)	7,581	3,424	4,157 Ordinary Shares
Michael Frazzette (iii)	9,903	3,240	109,028 Ordinary Shares (including 20,473 ADS')
R. Gordon Howe	7,124	7,124	14,834 ADS'
Helen Maye	8,568	0	38,276 Ordinary Shares
Cyrille Petit (iii)	5,267	2,485	11,888 Ordinary Shares
Roger Teasdale (iii)	7,909	3,731	75,763 Ordinary Shares

(i)      The awards were granted under the GSP 2010 on 7 March 2013. One third of the shares vested on 7 March 2014, one third of the shares will vest on 7 March 2015 and the final third will vest on 7 March 2016.

(ii)     The market value of Ordinary Shares acquired and sold on 7 March 2014 was 929p per Ordinary Share.

(iii)    Ordinary Shares were sold to cover taxation obligations arising on the vesting of the awards.

(iv)    This number includes the dividend equivalent shares which participants receive on vested shares.

2.         PARTIAL VESTING OF 2012 EQUITY INCENTIVE AWARDS MADE UNDER THE GSP 2010 ON 8 MARCH 2014

Name of Director / PDMR	Number of Ordinary Shares acquired	Number of Ordinary Shares sold	Total Ordinary Shares / ADS' held following notification
Olivier Bohuon (iii)	30,482	6,806	156,639 Ordinary Shares
John Campo (iii)	8,581	4,291	116,333 Ordinary Shares (including 20,597 ADS')
Francisco Canal Vega (iii)	8,262	3,731	8,688 Ordinary Shares
Michael Frazzette (iii)	10,590	3,465	116,153 Ordinary Shares (including 20,473 ADS')
R. Gordon Howe	9,005	9,005	14,834 ADS'
Helen Maye	9,579	0	47,855 Ordinary Shares
Roger Teasdale (iii)	8,842	4,171	80,434 Ordinary Shares

(i)         The awards were granted under the GSP 2010 on 8 March 2012. One third of the shares vested on 8 March 2013, a further third vested on 8 March 2014 and the final third will vest on 8 March 2015.

(ii)         The market value of Ordinary Shares acquired and sold on 10 March 2014 was 925.5p per Ordinary Share.

(iii)        Ordinary Shares were sold to cover taxation obligations arising on the vesting of the awards.

Additional Notes:

1.      The Ordinary Shares were released and sold in London, UK.

2.       One ADS is the equivalent of five Ordinary Shares of US$0.20 each.

3.      The percentages of issued share capital acquired, disposed and held following notification are all under 0.01% 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: [phone]

 

END

 

 

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