Smith & Nephew Plc Director/PDMR Shareholding (7940X)
22 Dicembre 2023 - 11:36AM
UK Regulatory
TIDMSN.
RNS Number : 7940X
Smith & Nephew Plc
22 December 2023
SMITH & NEPHEW PLC
22 December 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.
On 21 December 2023, 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 84,868 shares was granted to Deepak Nath
with an expected vest date of 8 November 2023. 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 Mr Nath by SH on 8 November 2019.
In accordance with the terms of the award agreement, the
expected vest date of 8 November 2023 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 8 November 2023. It has been determined that,
following completion of the performance measurement period, 99.98%
of the award vests. 84,855 shares were therefore available for vest
with the remaining balance of shares, 13, 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
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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 Vest of a Performance Award granted on
29 April 2022 under the award agreement.
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Date of Transaction 2023 - 12 - 21
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Place of Transaction London Stock Exchange (XLON)
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Name Aggregated
(Position) Status Price (GBP) Volume information
Deepak Nath Director 10.6125 84,855 (of N/A Single
(Chief Executive which 34,479 Transaction
Officer) shares were
sold to cover
taxes due
and 50,376
shares were
retained)
--------- ------------ --------------- -------------
Sarah Carne
Deputy Company Secretary
Smith & Nephew plc
Tel: +44 (0)1923 477100
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END
DSHFLFVIFVLFFIV
(END) Dow Jones Newswires
December 22, 2023 05:36 ET (10:36 GMT)
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