Smith & Nephew Plc Transaction in Own Shares (7225W)
13 February 2017 - 8:23PM
UK Regulatory
TIDMSN.
RNS Number : 7225W
Smith & Nephew Plc
13 February 2017
13 February 2017
Smith & Nephew plc (the "Company")
Commencement of Quarterly Buy Back Programme
The Company will now commence its Quarterly Buy Back programme
of 1,299,491 of its Ordinary shares of US 20c each through the Bank
of America (the "Buy Back Programme").
The Company intends to hold these shares in Treasury.
These shares were used in connection with employee share schemes
in Quarter 4 2016 and will be purchased at the prevailing market
price.
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
16,250,000 and the maximum number of shares that will be purchased
under the Buy Back Programme is 1,299,491. The Buy Back Programme
will commence on 13 February 2017 and will end no later than 21
February 2017.
This announcement is made in accordance with the Market Abuse
Regulation 596/2014.
Tony Llewellyn
Deputy Company Secretary
Smith & Nephew plc
Tel: 01923 477410
This information is provided by RNS
The company news service from the London Stock Exchange
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