TIDMSN.

RNS Number : 8928F

Smith & Nephew Plc

10 November 2022

SMITH & NEPHEW PLC

10 November 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.

VESTING OF RESTRICTED STOCK UNIT AWARDS GRANTED UNDER THE AWARD AGREEMENT DATED 29 APRIL 2022

In line with the announcement published on 3 May 2022, certain Restricted Stock Unit Awards of US$0.20 ordinary shares (the "Shares") in Smith & Nephew plc (the "Company") granted to Deepak Nath vested on 8 November 2022. These Restricted Stock Unit Awards formed part of the buy-out awards granted in respect of outstanding incentives Deepak Nath forfeited upon leaving his former company.

   i.    PARTIAL VESTING ON 8 NOVEMBER 2022 OF A RESTRICTED STOCK UNIT AWARD: 

A Restricted Stock Unit Award of 8,716 shares was granted to Deepak Nath on 29 April 2022. One half of these shares (4,358 shares) vested on 8 November 2022 and the remaining half will vest on 8 November 2023. A number of Shares were sold to cover taxation obligations arising on the vesting of the award.

The following relates to individual 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 
  financial instrument,       USD 0.20 each 
  type of instrument 
                            ------------------------------------------- 
 Identification code         ISIN: GB0009223206 
                            ------------------------------------------- 
 Nature of the transaction   Partial vesting of a Restricted Stock 
                              Unit Award granted on 29 April 2022 under 
                              the award agreement. 
                            ------------------------------------------- 
 Date of Transaction         2022 - 11 - 08 
                            ------------------------------------------- 
 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    *                  * 
                                              4,358 
                                               (of which 
                                               1,065 
                                               were sold 
                                               to cover 
                                               taxes 
 Deepak Nath                                   due and                    3,293.00000 
  (Chief Executive                             3,293       N/A Single      ordinary 
  Officer)            Director    10.407844    retained)    Transaction    shares            0.00038% 
                     ----------  ----------  -----------  -------------  -----------------  ----------------- 
 
   ii.    PARTIAL VESTING ON 8 NOVEMBER 2022 OF A RESTRICTED STOCK UNIT AWARD: 

A Restricted Stock Unit Award of 12,061 shares was granted to Deepak Nath on 29 April 2022. One quarter of these shares (3,015 shares) vested on 8 November 2022, a second quarter will vest on 8 November 2023, a third quarter will vest on 8 November 2024 and the final quarter will vest on 8 November 2025. A number of Shares were sold to cover taxation obligations arising on the vesting of the award.

The following relates to individual 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 
  financial instrument,       USD 0.20 each 
  type of instrument 
                            ------------------------------------------- 
 Identification code         ISIN: GB0009223206 
                            ------------------------------------------- 
 Nature of the transaction   Partial vesting of a Restricted Stock 
                              Unit Award granted on 29 April 2022 under 
                              the award agreement. 
                            ------------------------------------------- 
 Date of Transaction         2022 - 11 - 08 
                            ------------------------------------------- 
 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    *                  * 
                                              3,015 
                                               (of which 
                                               737 were 
                                               sold to 
                                               cover 
                                               taxes 
 Deepak Nath                                   due and                    5,571.00000 
  (Chief Executive                             2,278       N/A Single      ordinary 
  Officer)            Director    10.407844    retained)    Transaction    shares            0.00063% 
                     ----------  ----------  -----------  -------------  -----------------  ----------------- 
 

* 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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November 10, 2022 02:00 ET (07:00 GMT)

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