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: 020 7401 7646


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