Transaction in Own Shares

RNS Number : 5454O

Smith & Nephew Plc

07 November 2016

 

7 November 2016

Smith & Nephew plc (the "Company")

Transaction in Own Shares

The Company today purchased 350,000 of its Ordinary Shares of US 20¢ each through J.P. Morgan Securities, in accordance with the authority granted by shareholders at the Company's Annual General Meeting on 14 April 2016. These shares have been purchased as part of the $300 million buy-back programme, the purpose for which is to reduce the Company's share capital, as announced on 8 August 2016. Details of the relevant purchase transactions are set out below:

Description of Shares:	Smith & Nephew Ordinary Shares of US 20¢ each
Number of Shares repurchased:	350,000
Average price paid per Share:	1,140.9992p
Highest price paid per Share:	1,147.0000p
Lowest price paid per Share:	1,134.0000p
Date of transaction:	7 November 2016
Broker:	J.P. Morgan Securities plc

The Company intends to hold these shares in Treasury.

Following the purchase of these shares, the Company holds 27,807,545 of its shares in Treasury. The Company's issued share capital, with one voting right per share consists of 885,766,128 Ordinary Shares of US20¢ each (excluding treasury shares). This is the figure which should be used by shareholders as the denominator when determining whether they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

These purchases were made by J.P. Morgan Securities plc on behalf of the Company and a full breakdown of the individual trades is attached to this announcement.

This announcement is made in accordance with the requirements of LR 12.4.6.

Tony Llewellyn

Deputy Company Secretary

Smith & Nephew plc

Tel: [phone]

 

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