Smith & Nephew Plc Transaction in Own Shares (1059O)
15 May 2018 - 6:39PM
UK Regulatory
TIDMSN.
RNS Number : 1059O
Smith & Nephew Plc
15 May 2018
15 May 2018
Smith & Nephew plc (the "Company")
Commencement of Quarterly Buy Back Programme
The Company will now commence its Quarterly Buy Back programme
of 1,225,725 of its Ordinary shares of US 20c each through J.P.
Morgan Securities plc (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 1 2018 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
GBP20,000,000 and the maximum number of shares that will be
purchased under the Buy Back Programme is 1,225,725. The Buy Back
Programme will commence on 16th May 2018 and will end no later than
25th May 2018.
This announcement is made in accordance with the Market Abuse
Regulation 596/2014.
Vickie Reuben
Deputy Company Secretary
Smith & Nephew plc
Tel: 01923 477410
This information is provided by RNS
The company news service from the London Stock Exchange
END
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