TIDMSN.

RNS Number : 0809K

Smith & Nephew Plc

03 May 2022

SMITH & NEPHEW PLC

3 May 2022

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 29 April 2022, the following awards of US$0.20 ordinary shares (the "Shares") in Smith & Nephew plc (the "Company") were granted under an award agreement to Deepak Nath. The awards have been made in London and are based on the closing Share price on the London Stock Exchange on 28 April 2022 of GBP13.12.

   1.       BUY-OUT AWARDS GRANTED UNDER AN AWARD AGREEMENT 

As announced on 22 February 2022, Deepak Nath's buy-out awards are in respect of outstanding incentives he forfeited upon leaving his former company. All awards have been provided on a like-for-like basis in terms of the value provided and their performance and/or vesting periods. There has been no acceleration of any of the below awards which remain subject to continued employment, and none of the performance-based awards have been replaced with a non-performance based award.

   i.    The Performance Awards granted are as follows: - 

a) a Conditional Award over 127,461 Shares with a vesting date of 9 November 2022. The vesting of this award is subject to the performance conditions applicable to the performance stock award over Siemens Healthineers AG ("SH") shares granted to the director by SH on 9 November 2018;

b) a Conditional Award over 84,868 Shares with a vesting date of 8 November 2023. The vesting of this award is subject to the performance conditions applicable to the performance stock award over SH shares granted to the director by SH on 8 November 2019;

c) a Conditional Award over 97,360 Shares with a vesting date of 12 November 2024. The vesting of this award is subject to the performance conditions applicable to the performance stock award over SH shares granted to the director by SH on 13 November 2020;

The total number of the above shares to be granted under the Performance Awards is 309,689 Shares.

   ii.    The Restricted Stock Unit ("RSU") Awards granted are as follows: - 

a) a Conditional Award over 8,716 Shares with half of this amount vesting date on 8 November 2022 and the remaining half vesting on 8 November 2023;

b) a Conditional Award over 14,364 Shares with a third of this amount vesting on 13 November 2022, a further third on 13 November 2023 and the final third on 13 November 2024;

c) a Conditional Award over 12,061 Shares with a quarter of this amount vesting on 8 November 2022, the second quarter vesting on 8 November 2023, the third quarter vesting on 8 November 2024 and the final quarter vesting on 8 November 2025;

The total number of shares to be granted under the above RSU Awards is 35,141 Shares.

   iii.   The Incentive Awards granted are as follows: - 
   a)   a Conditional Award over 26,529 Shares with a vesting date of 15 May 2022; 
   b)   a Conditional Award over 70,378 Shares with a vesting date of 23 May 2022; 

The total number of shares to be granted under thee above Incentive Awards is 96,907 Shares.

The following notification summarises the awards made:

 
 Reason for the notification 
 Initial notification        Initial notification 
  /Amendment 
                            ------------------------------------------ 
 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          Smith & Nephew plc Ordinary Shares of USD 
  financial instrument,       0.20 each 
  type of instrument 
                            ------------------------------------------ 
 Identification code         ISIN: GB0009223206 
                            ------------------------------------------ 
 Nature of the transaction   Buy-out awards granted on 29 April 2022 
                              under an award agreement. 
                            ------------------------------------------ 
 Date of Transaction         2022 - 04 - 29 
                            ------------------------------------------ 
 Place of Transaction        Grants took place outside a trading venue 
                            ------------------------------------------ 
 
 
                      Director                                          Total     Aggregated 
 Name (Position)       / PDMR     Award Classification    Price (GBP)    Volume    information 
 Deepak Nath 
  (Chief Executive                Performance                                     N/A Single 
  Officer)            Director     Awards                 13.12         309,689    Transaction 
                     ----------  ----------------------  ------------  --------  ------------- 
 Deepak Nath 
  (Chief Executive                                                                N/A Single 
  Officer)            Director    RSU Awards              13.12         35,141     Transaction 
                     ----------  ----------------------  ------------  --------  ------------- 
 Deepak Nath 
  (Chief Executive                Incentive                                       N/A Single 
  Officer)            Director     Awards                 13.12         96,907     Transaction 
                     ----------  ----------------------  ------------  --------  ------------- 
 

Sarah Carne

Deputy Company Secretary

Smith & Nephew plc

Tel: +44 (0)1923 477100

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May 03, 2022 04:01 ET (08:01 GMT)

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