Smith & Nephew Plc Transaction in Own Shares (7303F)
20 May 2017 - 2:18AM
UK Regulatory
TIDMSN.
RNS Number : 7303F
Smith & Nephew Plc
19 May 2017
19 May 2017
Smith & Nephew plc (the "Company")
Transaction in Own Shares
The Company today purchased 300,000 of its Ordinary Shares of US
20c each through Merrill Lynch International, in accordance with
the authority granted by shareholders at the Company's Annual
General Meeting on 6 April 2017. These shares were issued in
connection with employee share schemes in Quarter 1 2017 and have
been purchased as part of a programme to reduce the Company's share
capital, in order to keep it broadly constant, as announced on 15
May 2017. Details of the relevant purchase transactions are set out
below:
Description of Shares: Smith & Nephew Ordinary
Shares of US 20c each
------------------------------- ----------------------------
Number of Shares repurchased: 300,000
------------------------------- ----------------------------
Average price paid per Share: 1,326.9799p
------------------------------- ----------------------------
Highest price paid per Share: 1,333.0000p
------------------------------- ----------------------------
Lowest price paid per Share: 1,319.0000p
------------------------------- ----------------------------
Date of transaction: 19 May 2017
------------------------------- ----------------------------
Broker: Merrill Lynch International
------------------------------- ----------------------------
The Company intends to hold these shares in Treasury.
Following the purchase of these shares, the Company holds
28,865,016 of its shares in Treasury. The Company's issued share
capital, with one voting right per share consists of 875,218,893
Ordinary Shares of US20c each (excluding treasury shares). This is
the figure which should be used by shareholders as the denominator
when determining whether they are required to notify their interest
in, or a change to their interest in, the Company under the FCA's
Disclosure Guidance and Transparency Rules.
These purchases were made by Merrill Lynch International on
behalf of the Company and a full breakdown of the individual trades
is attached to this announcement.
http://www.rns-pdf.londonstockexchange.com/rns/7303F_-2017-5-19.pdf
This announcement is made in accordance with the requirements of
LR 12.4.6.
Vickie Reuben
Deputy Company Secretary
Smith & Nephew plc
Tel: 01923 477320
This information is provided by RNS
The company news service from the London Stock Exchange
END
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