TIDMSN.

RNS Number : 4313T

Smith & Nephew Plc

14 November 2023

SMITH & NEPHEW PLC

14 November 2023

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 13 November 2023, 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 14 November 2022, a further third has now vested on 13 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         2023 - 11 - 13 
                            ----------------------------------------- 
 Place of Transaction        London Stock Exchange (XLON) 
                            ----------------------------------------- 
 
 
 Name                             Price                                      Aggregated 
  (Position)             Status    (GBP)      Volume                          information 
 Paul Connolly         PDMR       10.010912   10,290 (of which 3,061         N/A Single 
  (President,                                  shares were sold to            Transaction 
  Global Operations)                           cover taxes due and 
                                               7,229 shares were retained) 
                      ---------  ----------  -----------------------------  ------------- 
 Mizanu Kebede         PDMR       10.010912   5,049 (of which 1,567          N/A Single 
  ( Chief                                      shares were sold to            Transaction 
  Quality                                      cover taxes due and 
  and Regulatory                               3,482 shares were retained) 
  Affairs 
  Officer 
  ) 
                      ---------  ----------  -----------------------------  ------------- 
 
   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 2023. 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 has now vested 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 the individual included in the below notification in respect of the award that has vested on 13 November 2023:

 
 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         2023 - 11 - 13 
                            ------------------------------------------- 
 Place of Transaction        London Stock Exchange (XLON) 
                            ------------------------------------------- 
 
 
 Name                           Price                                      Aggregated 
  (Position)           Status    (GBP)      Volume                          information 
 Deepak Nath         Director   10.010912   4,788 (of which 1,961          N/A Single 
  (Chief Executive                           shares were sold to            Transaction 
  Officer)                                   cover taxes due and 
                                             2,827 shares were retained) 
                    ---------  ----------  -----------------------------  ------------- 
 

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

November 14, 2023 10:25 ET (15:25 GMT)

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