Transaction in Own Shares

RNS Number : 1602F

Smith & Nephew Plc

15 May 2017

 

15 May 2017

Smith & Nephew plc (the "Company")

Commencement of Quarterly Buy Back Programme

The Company will commence its Quarterly Buy Back programme of 959,746 of its Ordinary shares of US 20¢ each through Merrill Lynch International (the "Buy Back Programme") this week.

The Company intends to hold these shares in Treasury and subsequently cancel them.  

These shares were used in connection with employee share schemes in Quarter 1 2017 and will be purchased at the prevailing market price.

The purpose of this Buy Back programme is to reduce the share capital of the Company, in order to keep it broadly constant. The maximum pecuniary amount allocated to the Buy Back Programme is GBP 14,000,000 and the maximum number of shares that will be purchased under the Buy Back Programme is 959,746. The Buy Back Programme will commence on 18 May 2017 and will end no later than 24 May 2017.

This announcement is made in accordance with the Market Abuse Regulation 596/2014.

Vickie Reuben

Deputy Company Secretary

Smith & Nephew plc

Tel: [phone]

 

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