TIDMSN.

RNS Number : 6398G

Smith & Nephew Plc

16 November 2022

SMITH & NEPHEW PLC

16 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.

   1.   VESTING OF SHARE AWARDS UNDER THE GLOBAL SHARE PLAN 2020 

The following awards of US$0.20 ordinary shares (the "Shares") in Smith & Nephew plc (the "Company") vested on 14 November 2022, being the first business day post vesting date, under the Smith & Nephew Global Share Plan 2020.

   i.     PARTIAL VESTING OF CONDITIONAL SHARE AWARDS MADE UNDER THE GLOBAL SHARE PLAN 2020: 

The awards were granted under the Global Share Plan 2020 on 12 November 2021. One third of the Shares vested on 12 November 2022, a further third will vest on 12 November 2023 and the final third will vest on 12 November 2024. 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 
  financial instrument,       USD 0.20 each 
  type of instrument 
                            ----------------------------------------- 
 Identification code         ISIN: GB0009223206 
                            ----------------------------------------- 
 Nature of the transaction   Partial vesting of a Conditional Share 
                              Award granted on 12 November 2021 under 
                              the Smith & Nephew Global Share Plan 
                              2020. 
                            ----------------------------------------- 
 Date of Transaction         2022 - 11 - 14 
                            ----------------------------------------- 
 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    *                  * 
                                                10,290 
                                                 (of which 
                                                 2,992 
                                                 were sold 
                                                 to cover 
                                                 taxes 
 Paul Connolly                                   due and                    7,298.00000 
  (President,                                    7,298       N/A Single      ordinary 
  Global Operations)    PDMR        10.629361    retained)    Transaction    shares            0.00083% 
                       ----------  ----------  -----------  -------------  -----------------  ----------------- 
                                                5,049 
                                                 (of which 
 Mizanu Kebede                                   1,621 
  ( Chief                                        were sold                  4,139.84492 
  Quality                                        to cover                    ordinary 
  and Regulatory                                 taxes                       shares 
  Affairs                                        due and                     (including 
  Officer                                        3,428       N/A Single      355.92246 
  )                     PDMR        10.629361    retained)    Transaction    in ADS')          0.00047% 
                       ----------  ----------  -----------  -------------  -----------------  ----------------- 
 

* 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 A RESTRICTED STOCK UNIT AWARD GRANTED UNDER THE AWARD AGREEMENT DATED 29 APRIL 2022 

In line with the announcement published on 3 May 2022, a Restricted Stock Unit Award of US$0.20 ordinary shares (the "Shares") in Smith & Nephew plc (the "Company") granted to Deepak Nath vested on 13 November 2022. This Restricted Stock Unit Award formed part of the buy-out awards granted in respect of outstanding incentives Deepak Nath forfeited upon leaving his former company.

   i.    PARTIAL VESTING OF A RESTRICTED STOCK UNIT AWARD: 

A Restricted Stock Unit Award of 14,364 shares was granted to Deepak Nath on 29 April 2022. One third of these shares (4,788 shares) vested on 13 November 2022, a further third will vest on 13 November 2023 and the final third will vest on 13 November 2024. 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 - 14 
                            ------------------------------------------- 
 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    *                  * 
                                              4,788 
                                               (of which 
                                               1,170 
                                               were sold 
                                               to cover 
                                               taxes 
 Deepak Nath                                   due and                    9,189.00000 
  (Chief Executive                             3,618       N/A Single      ordinary 
  Officer)            Director    10.629361    retained)    Transaction    shares            0.00105% 
                     ----------  ----------  -----------  -------------  -----------------  ----------------- 
 

* 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

DSHFLFVILTLRLIF

(END) Dow Jones Newswires

November 16, 2022 06:30 ET (11:30 GMT)

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