Smith & Nephew Plc Transaction in Own Shares (7197H)
02 Agosto 2019 - 10:20AM
UK Regulatory
TIDMSN.
RNS Number : 7197H
Smith & Nephew Plc
02 August 2019
2 August 2019
Commencement of Quarterly Buy Back Programme
Smith & Nephew plc (the "Company") will now commence its
Quarterly Buy Back Programme of 258,258 of its ordinary shares of
US 20c each (the "Buy Back Programme") and has entered into an
agreement with J.P. Morgan Securities plc ("JPMS") under which it
has issued an irrevocable instruction to JPMS to manage the Buy
Back Programme.
The Company intends to hold these shares in Treasury and then
cancel them.
These shares were used in connection with employee share schemes
in Quarter 2 2019.
The purpose of this Buy Back Programme is to reduce the share
capital of the Company, in order to keep it broadly constant. The
maximum pecuniary amount allocated to the Buy Back Programme is
GBP5,300,000 and the maximum number of shares that will be
purchased under the Buy Back Programme is 258,258. The Buy Back
Programme will commence on 5 August 2019 and will end no later than
7 August 2019.
This announcement is made in accordance with Chapter 12 of the
UKLA Listing Rules and Market Abuse Regulation 596/2014.
Susan Swabey
Company Secretary
Smith & Nephew plc
Tel: 01923 477216
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END
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