TIDMSN.

RNS Number : 2420J

Smith & Nephew Plc

09 December 2022

SMITH & NEPHEW PLC

9 December 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 8 December 2022, the following award of US$0.20 ordinary shares (the "Shares") in Smith & Nephew plc (the "Company") vested under an award agreement to Deepak Nath.

VESTING OF A PERFORMANCE AWARD GRANTED UNDER THE AWARD AGREEMENT DATED 29 APRIL 2022

As set out in the announcement published on 3 May 2022, a Performance Award over 127,461 shares was granted to Deepak Nath with an expected vest date of 9 November 2022. The vest of this award was subject to the performance conditions applicable to the performance stock award over Siemens Healthineers AG ("SH") shares originally granted to Deepak Nath by SH on 9 November 2018.

In accordance with the terms of the award agreement, the expected vest date of 9 November 2022 was delayed so that the applicable performance criteria attaching to the Performance Award could be measured against the financial results of SH which were announced on 23 November 2022. It has been determined that, following completion of the performance measurement period, 91.985% of the award vests. 117,245 shares were therefore available for vest with the remaining balance of shares, 10,216, lapsing with immediate effect.

 
 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   Final vest of a Performance Award granted 
                              on 29 April 2022 under the award agreement. 
                            --------------------------------------------- 
 Date of Transaction         2022 - 12 - 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    *                  * 
                                           117,245 
                                            (of which 
                                            28,650 
                                            were sold 
                                            to cover 
                                            taxes 
 Deepak Nath                                due and                    97,784.00000 
  (Chief Executive                          88,595      N/A Single      ordinary 
  Officer)            Director    10.96     retained)    Transaction    shares            0.01114% 
                     ----------  -------  -----------  -------------  -----------------  -----------------

* 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

December 09, 2022 06:30 ET (11:30 GMT)

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