Smith & Nephew Plc Director/PDMR Shareholding
16 November 2022 - 10:30PM
UK Regulatory (RNS & others)
TIDMSN.
RNS Number : 6398G
Smith & Nephew Plc
16 November 2022
SMITH & NEPHEW PLC
16 November 2022
NOTIFICATION AND PUBLIC DISCLOSURE IN ACCORDANCE WITH THE
REQUIREMENTS OF THE EU MARKET ABUSE REGULATION OF TRANSACTIONS BY
PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMR") AND
PERSONS CLOSELY ASSOCIATED WITH THEM.
1. VESTING OF SHARE AWARDS UNDER THE GLOBAL SHARE PLAN 2020
The following awards of US$0.20 ordinary shares (the "Shares")
in Smith & Nephew plc (the "Company") vested on 14 November
2022, being the first business day post vesting date, under the
Smith & Nephew Global Share Plan 2020.
i. PARTIAL VESTING OF CONDITIONAL SHARE AWARDS MADE UNDER THE GLOBAL SHARE PLAN 2020:
The awards were granted under the Global Share Plan 2020 on 12
November 2021. One third of the Shares vested on 12 November 2022,
a further third will vest on 12 November 2023 and the final third
will vest on 12 November 2024. A number of Shares were sold to
cover taxation obligations arising on the vesting of the
awards.
The following relates to individuals included in the below
notification:
Reason for the notification
Initial notification Initial notification
/Amendment
-----------------------------------------
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
Name Smith & Nephew plc
-----------------------------------------
LEI 213800ZTMDN8S67S1H61
-----------------------------------------
Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
Description of the Smith & Nephew plc ordinary shares of
financial instrument, USD 0.20 each
type of instrument
-----------------------------------------
Identification code ISIN: GB0009223206
-----------------------------------------
Nature of the transaction Partial vesting of a Conditional Share
Award granted on 12 November 2021 under
the Smith & Nephew Global Share Plan
2020.
-----------------------------------------
Date of Transaction 2022 - 11 - 14
-----------------------------------------
Place of Transaction London Stock Exchange (XLON)
-----------------------------------------
Total Ordinary
Share Holding
Total Ordinary as a % of
Share Holding the Company's
following ISC following
Name Price Aggregated the transaction the transaction
(Position) Status (GBP) Volume information * *
10,290
(of which
2,992
were sold
to cover
taxes
Paul Connolly due and 7,298.00000
(President, 7,298 N/A Single ordinary
Global Operations) PDMR 10.629361 retained) Transaction shares 0.00083%
---------- ---------- ----------- ------------- ----------------- -----------------
5,049
(of which
Mizanu Kebede 1,621
( Chief were sold 4,139.84492
Quality to cover ordinary
and Regulatory taxes shares
Affairs due and (including
Officer 3,428 N/A Single 355.92246
) PDMR 10.629361 retained) Transaction in ADS') 0.00047%
---------- ---------- ----------- ------------- ----------------- -----------------
* including those held by Persons Closely Associated with the
Director/PDMR. All figures in these columns are stated to 5 decimal
places where applicable.
2. VESTING OF A RESTRICTED STOCK UNIT AWARD GRANTED UNDER THE AWARD AGREEMENT DATED 29 APRIL 2022
In line with the announcement published on 3 May 2022, a
Restricted Stock Unit Award of US$0.20 ordinary shares (the
"Shares") in Smith & Nephew plc (the "Company") granted to
Deepak Nath vested on 13 November 2022. This Restricted Stock Unit
Award formed part of the buy-out awards granted in respect of
outstanding incentives Deepak Nath forfeited upon leaving his
former company.
i. PARTIAL VESTING OF A RESTRICTED STOCK UNIT AWARD:
A Restricted Stock Unit Award of 14,364 shares was granted to
Deepak Nath on 29 April 2022. One third of these shares (4,788
shares) vested on 13 November 2022, a further third will vest on 13
November 2023 and the final third will vest on 13 November 2024. A
number of Shares were sold to cover taxation obligations arising on
the vesting of the award.
The following relates to individual included in the below
notification:
Reason for the notification
Initial notification Initial notification
/Amendment
-------------------------------------------
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
Name Smith & Nephew plc
-------------------------------------------
LEI 213800ZTMDN8S67S1H61
-------------------------------------------
Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
Description of the Smith & Nephew plc ordinary shares of
financial instrument, USD 0.20 each
type of instrument
-------------------------------------------
Identification code ISIN: GB0009223206
-------------------------------------------
Nature of the transaction Partial vesting of a Restricted Stock
Unit Award granted on 29 April 2022 under
the award agreement.
-------------------------------------------
Date of Transaction 2022 - 11 - 14
-------------------------------------------
Place of Transaction London Stock Exchange (XLON)
-------------------------------------------
Total Ordinary
Share Holding
Total Ordinary as a % of
Share Holding the Company's
following ISC following
Name Price Aggregated the transaction the transaction
(Position) Status (GBP) Volume information * *
4,788
(of which
1,170
were sold
to cover
taxes
Deepak Nath due and 9,189.00000
(Chief Executive 3,618 N/A Single ordinary
Officer) Director 10.629361 retained) Transaction shares 0.00105%
---------- ---------- ----------- ------------- ----------------- -----------------
* including those held by Persons Closely Associated with the
Director/PDMR. All figures in these columns are stated to 5 decimal
places where applicable.
Sarah Carne
Deputy Company Secretary
Smith & Nephew plc
Tel: +44 (0)1923 477100
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END
DSHFLFVILTLRLIF
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