Smith & Nephew Plc Transaction in Own Shares (1706S)
04 Novembre 2019 - 12:50PM
UK Regulatory
TIDMSN.
RNS Number : 1706S
Smith & Nephew Plc
04 November 2019
4 November 2019
Commencement of Quarterly Buy Back Programme
Smith & Nephew plc (the "Company") will now commence its
Quarterly Buy Back Programme of 705,220 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 3 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
GBP13,500,000 and the maximum number of shares that will be
purchased under the Buy Back Programme is 705,220. The Buy Back
Programme will commence on 5 November 2019 and will end no later
than 8 November 2019.
This announcement is made in accordance with Chapter 12 of the
UKLA Listing Rules and Market Abuse Regulation 596/2014.
Vickie Reuben
Deputy Company Secretary
Smith & Nephew plc
Tel: 01923 477410
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END
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November 04, 2019 06:50 ET (11:50 GMT)
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