TIDMSN.

RNS Number : 6442M

Smith & Nephew Plc

24 May 2022

SMITH & NEPHEW PLC

24 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.

   1.   VESTING OF A CONDITIONAL AWARD GRANTED UNDER AN AWARD AGREEMENT DATED 29 APRIL 2022 

On 23 May 2022, the Conditional Award of US$0.20 ordinary shares (the "Shares") in Smith & Nephew plc (the "Company") vested over 70,378 Shares. The resultant Shares post-vest were sold on 23 May 2022. Proceeds from the sale of sufficient Shares were utilised to satisfy the taxes due. As previously announced the Conditional Award formed part of buy-out awards in respect of outstanding incentives Deepak Nath forfeited upon leaving his former company.

 
 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 
  financial instrument,       USD 0.20 each 
  type of instrument 
                            ---------------------------------------------- 
 Identification code         ISIN: GB0009223206 
                            ---------------------------------------------- 
 Nature of the transaction   Vesting of a Conditional Award and subsequent 
                              sale of all Shares . 
                            ---------------------------------------------- 
 Date of Transaction         2022 - 05 - 23 
                            ---------------------------------------------- 
 Place of Transaction        London Stock Exchange (XLON) 
                            ---------------------------------------------- 
 
 
                                                                                             Total Ordinary 
                                                                                              Share Holding 
                                                                          Total Ordinary      as a % of 
                                                                           Share Holding      the Company's 
                                                                           following          ISC following 
 Name                             Price                    Aggregated      the transaction    the transaction 
  (Position)            Status     (GBP)      Volume        information    *                  * 
                                              70,378 
                                               (of which 
                                               70,378 
 Deepak Nath                                   were sold 
  (Chief Executive                             and 0       N/A Single     0.00000 ordinary 
  Officer)            Director    12.743100    retained)    Transaction    shares            0.00000% 
                     ----------  ----------  -----------  -------------  -----------------  ----------------- 
 

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

   2.   VESTING OF SHARE AWARDS UNDER THE GLOBAL SHARE PLAN 2010 

On 23 May 2022, the following awards of US$0.20 ordinary shares (the "Shares") in Smith & Nephew plc (the "Company") vested under the Smith & Nephew Global Share Plan 2010.

i. FINAL VESTING ON 23 MAY 2022 OF CONDITIONAL SHARE AWARDS MADE UNDER THE GLOBAL SHARE PLAN 2010:

The awards were granted under the Global Share Plan 2010 on 23 May 2019. One third of the shares vested on 23 May 2020, a further third vested on 23 May 2021 and the final third vested on 23 May 2022. A number of Shares were sold to cover taxation obligations arising on the vesting of the awards.

The following relates to individuals included in the below notification:

 
 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   Final vesting of a Conditional Share Award 
                              granted on 23 May 2019 under the Smith 
                              & Nephew Global Share Plan 2010. 
                            ------------------------------------------- 
 Date of Transaction         2022 - 05 - 23 
                            ------------------------------------------- 
 Place of Transaction        London Stock Exchange (XLON) 
                            ------------------------------------------- 
 
 
                                                                                           Total Ordinary 
                                                                                            Share Holding 
                                                                        Total Ordinary      as a % of 
                                                                         Share Holding      the Company's 
                                                                         following          ISC following 
 Name                             Price                  Aggregated      the transaction    the transaction 
  (Position)            Status     (GBP)    Volume        information    *                  * 
                                            8,571 
                                             (of which 
                                             0 were 
 Myra Eskes                                  sold and                   27,183.09703 
  (President                                 8,571       N/A Single      ordinary 
  APAC Region)        PDMR        12.8275    retained)    Transaction    shares            0.00307% 
                     ----------  --------  -----------  -------------  -----------------  ----------------- 
 Simon Fraser 
  (President,                               2,600 
  Advanced                                   (of which 
  Wound Management                           1,027 
  and Global                                 were sold                  27,398.81838 
  Commercial                                 and 1,573   N/A Single      ordinary 
  Operations)         PDMR        12.8275    retained)    Transaction    shares            0.00310% 
                     ----------  --------  -----------  -------------  -----------------  ----------------- 
 

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

Sarah Carne

Deputy Company Secretary

Smith & Nephew plc

Tel: +44 (0)1923 477100

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END

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(END) Dow Jones Newswires

May 24, 2022 09:30 ET (13:30 GMT)

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