Director/PDMR Shareholding

RNS Number : 8011O

Smiths Group PLC

09 November 2016

 

9 NOVEMBER 2016

SMITHS GROUP PLC (issuer)

NOTIFICATION OF TRANSACTIONS OF DIRECTORS AND PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY (PDMRs)

1.         2016 AWARDS UNDER LTIP 2015

On 8 November 2016 the Company granted conditional share awards under the Smiths Group plc Long Term Incentive Plan 2015 ('LTIP') in accordance with the LTIP rules.  Vesting of these awards will be dependent on the Company's achievements in relation to three separate performance conditions over a three-year performance period, the financial years 2016/17 to 2018/19, namely: (a) growth in earnings per share; (b) return on capital employed; and (c) cash conversion.  The awards granted to the executive directors are as follows (the number of Shares stated being the maximum available on full vesting under all three performance conditions):

Table 1

Name	No. of Shares over which a conditional share award was granted under LTIP on 8 Nov 2016
Mr A. Reynolds Smith	167,741
Mr C.M. O'Shea	90,927

2.         2016 AWARDS UNDER DBP

On 8 November 2016 the Company granted share awards under the Smiths Group plc Deferred Bonus Plan ('DBP') to the executive directors.  Under the terms of the Company's annual bonus plan, the executive directors are required to defer 33% of their annual bonus entitlements into shares in Smiths Group plc for a period of three years.  Under the DBP, each executive director has been granted a share award with a value equivalent to 33% of his annual bonus entitlement (at the mid-market closing quotation for a Smiths Group share on the dealing day immediately preceding the date of grant) which will vest in 2019, three years after the date of grant, provided the grantee has not been dismissed for cause prior to the vesting date.  On vesting the grantees will receive a cash payment equivalent to the dividends earned by the number of shares that vested between the start of the financial year in which the award was granted and the date of vesting.

Table 2

Name	No. of Shares over which a share award was granted under DBP on 8 Nov 2016
Mr A. Reynolds Smith	24,546
Mr C.M. O'Shea	13,519

The information notified to the Financial Conduct Authority about these awards, pursuant to the EU Market Abuse Regulation, is appended.

Name of contact and telephone number for queries: NEIL BURDETT - 020 7004 1674

Name of duly authorised officer of issuer responsible for making notification: NEIL BURDETT

Date of notification:  9 NOVEMBER 2016

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	ANDREW REYNOLDS SMITH
2	Reason for the notification
a)	Position/status	CEO/EXECUTIVE DIRECTOR
b)	Initial Notification / Amendment	INITIAL NOTIFICATION
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	SMITHS GROUP PLC
b)	LEI	213800MJL6IPZS3ASA11
4	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
a)	Description of the financial instrument, type of instrument Identification code	ORDINARY SHARE ISIN GB00B1WY2338
b)	Nature of the transaction	1.   Grant of conditional share award under the Smiths Group Long Term Incentive Plan 2015 ('LTIP'). 2.   Grant of share award under the Smiths Group Deferred Bonus Plan ('DBP').
c)	Price(s) and volume(s)	Transaction Price(s) Volume(s) 1. (LTIP) 2. (DBP) GBP 0.00 GBP 0.00 167,741 24,546
d)	Aggregated information - Aggregated volume - Price
e)	Date of the transaction	2016-11-08
f)	Place of the transaction	N/A

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	CHRISTOPHER MICHAEL O'SHEA
2	Reason for the notification
a)	Position/status	CFO/EXECUTIVE DIRECTOR
b)	Initial Notification / Amendment	INITIAL NOTIFICATION
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	SMITHS GROUP PLC
b)	LEI	213800MJL6IPZS3ASA11
4	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
a)	Description of the financial instrument, type of instrument Identification code	ORDINARY SHARE ISIN GB00B1WY2338
b)	Nature of the transaction	1.   Grant of conditional share award under the Smiths Group Long Term Incentive Plan 2015 ('LTIP'). 2.   Grant of share award under the Smiths Group Deferred Bonus Plan ('DBP').
c)	Price(s) and volume(s)	Transaction Price(s) Volume(s) 1. (LTIP) 2. (DBP) GBP 0.00 GBP 0.00 90,927 13,519
d)	Aggregated information - Aggregated volume - Price
e)	Date of the transaction	2016-11-08
f)	Place of the transaction	N/A

 

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