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Smith & Nephew Plc (SN.)

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Friday 22 May, 2020

Smith & Nephew Plc

Director/PDMR Shareholding

RNS Number : 7913N
Smith & Nephew Plc
22 May 2020
 

SMITH & NEPHEW PLC

 

22 May 2020

 

NOTIFICATION AND PUBLIC DISCLOSURE IN ACCORDANCE WITH THE REQUIREMENTS OF THE EU MARKET ABUSE REGULATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMR") AND PERSONS CLOSELY ASSOCIATED WITH THEM.

 

On 21 May 2020 the following awards of US$0.20 ordinary shares (the "Shares") in Smith & Nephew plc (the "Company") were granted under the Smith & Nephew Global Share Plan 2020. The Awards have been made in London and are based on the closing Share price on the London Stock Exchange on 20 May 2020 of £16.6150.

 

1.  PERFORMANCE SHARE AWARDS GRANTED UNDER THE SMITH & NEPHEW GLOBAL SHARE PLAN 2020

 

There are performance conditions attached to the vesting of performance share awards. These awards will vest on or before 21 May 2023, subject to the achievement of the performance conditions which are measured from 1 January 2020 to 31 December 2022. The number of shares subject to the above awards are shown at target vesting. Should maximum vesting be achieved, participants will receive 2x the number of shares shown below. Participants will receive an additional number of shares equivalent to the amount of dividend payable per vested share during the relevant performance period.

 

The following relates to all individuals included in this section:

 

Reason for the notification

Initial notification /Amendment

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

Smith & Nephew plc

LEI

213800ZTMDN8S67S1H61

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

Description of the financial instrument, type of instrument

 

Smith & Nephew plc Ordinary Shares of USD 0.20 each

 

Identification code

ISIN: GB0009223206

Nature of the transaction

Performance Share Awards granted at target on 21 May 2020 under the Smith & Nephew Global Share Plan 2020.

Date of Transaction

2020 - 05 -- 21

Place of Transaction

London Stock Exchange (XLON)

 

Name

Director / PDMR

Price (£)

Volume

Aggregated information

Bradley Cannon

PDMR

16.6150

14,812

N/A Single Transaction

Phil Cowdy

PDMR

16.6150

9,930

N/A Single Transaction

Roland Diggelmann

Chief Executive Officer

16.6150

96,536

N/A Single Transaction

Myra Eskes

PDMR

16.6150

14,696

N/A Single Transaction

Simon Fraser

PDMR

16.6150

12,814

N/A Single Transaction

Mark Gladwell

PDMR

16.6150

13,241

N/A Single Transaction

Melissa Guerdan

PDMR

16.6150

12,226

N/A Single Transaction

Skip Kiil

PDMR

16.6150

18,345

N/A Single Transaction

Elga Lohler

PDMR

16.6150

13,236

N/A Single Transaction

Ian Melling

PDMR

16.6150

4,867

N/A Single Transaction

Catheryn O'Rourke

PDMR

16.6150

12,868

N/A Single Transaction

Vasant Padmanabhan

PDMR

16.6150

12,819

N/A Single Transaction

Susan Swabey

PDMR

16.6150

4,413

N/A Single Transaction

 

 

2.  PHIL COWDY - SALE OF ORDINARY SHARES

 

Reason for the notification

Initial notification /Amendment

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

Smith & Nephew plc

LEI

213800ZTMDN8S67S1H61

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

Description of the financial instrument, type of instrument

 

Smith & Nephew plc Ordinary Shares of USD 0.20 each

 

Identification code

ISIN: GB0009223206

Nature of the transaction

Sale of ordinary shares.

Date of Transaction

2020 - 05 -- 20

Place of Transaction

London Stock Exchange (XLON)

 

Name

Director / PDMR

Price (£)

Volume

Aggregated information

Total Share Holding following the transaction *

Total Share Holding as a % of the Company's ISC following the transaction *

Phil Cowdy

PDMR

16.261706

4,750

N/A Single Transaction

31,048.19816

0.00351%

 

* including those held by Persons Closely Associated with the Director/PDMR. All figures in these columns are stated to 5 decimal places where applicable.

 

3.  CONDITIONAL SHARE AWARDS GRANTED UNDER THE SMITH & NEPHEW GLOBAL SHARE PLAN 2020

 

The award will vest on the 30 June 2021 subject to continued achievement of objectives and employment.

Reason for the notification

Initial notification /Amendment

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

Smith & Nephew plc

LEI

213800ZTMDN8S67S1H61

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

Description of the financial instrument, type of instrument

 

Smith & Nephew plc Ordinary Shares of USD 0.20 each

 

Identification code

ISIN: GB0009223206

Nature of the transaction

Conditional Share Award granted on 21 May 2020 under the Smith & Nephew Global Share Plan 2020.

Date of Transaction

2020 - 05 -- 21

Place of Transaction

London Stock Exchange (XLON)

 

Name

Director / PDMR

Price (£)

Volume

Aggregated information

Ian Melling

PDMR

16.6150

13,120

N/A Single Transaction

 

Vickie Reuben  

Deputy Company Secretary

Smith & Nephew plc

 

Tel: +44 (0)1923 477410


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