Smiths Group Regulatory News (SMIN)

30 JUNE 2016

SMITHS GROUP PLC

DTR 3.1.4R(1)

NOTIFICATION OF TRANSACTION OF DIRECTORS / PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

1. Name of the issuer: SMITHS GROUP PLC

2. State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2R; (ii) a disclosure made in accordance with section 793 of the Companies Act 2006; or (iii) a transaction notified in accordance with paragraph 26 of the Model Code:

(i) NOTIFICATION BY A DIRECTOR UNDER DTR 3.1.2R

3. Name of person discharging managerial responsibilities/director:

ANDREW REYNOLDS SMITH

4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person: NO

5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a nonbeneficial interest:

HOLDING OF THE PERSON NAMED IN 3 ABOVE

6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares:

ORDINARY SHARES OF 37.5p

7. Name of registered shareholder(s) and, if more than one, the number of shares held by each of them: 

8 State the nature of the transaction: 

A. VESTING OF THE FIRST TRANCHE OF A RESTRICTED STOCK AWARD;

AND

B. MARKET SALE OF SHARES TO FINANCE INCOME TAX AND NATIONAL INSURANCE LIABILITIES ARISING ON THE VESTING OF THE AWARD

9. Number of shares, debentures or financial instruments relating to shares acquired:

31,597 SHARES

10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage):

11. Number of shares, debentures or financial instruments relating to shares disposed: 14,881 SHARES

12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage):

13. Price per share or value of transaction: 

1114.5p PER SHARE (MARKET SALE PRICE)

14. Date and place of transaction:

30 JUNE 2016 AT LONDON

15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage): 

116,716 SHARES

16. Date issuer informed of transaction: 

30 JUNE 2016

If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes

17. Date of grant:

18. Period during which or date on which it exercisable:

19. Total amount paid (if any) for grant of the option:

20. Description of shares or debentures involved (class and number):

21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise:

22. Total number of shares or debentures over which options held following notification:

23. Any additional information:

MR REYNOLDS SMITH WAS GRANTED A RESTRICTED STOCK AWARD OVER 86,893 SHARES UNDER THE TERMS OF THE BUYOUT ARRANGEMENTS AGREED IN RESPECT OF HIS APPOINTMENT AS CHIEF EXECUTIVE OFFICER OF THE COMPANY ON 25 SEPTEMBER 2015. 

ON 30 JUNE 2016 THE FIRST TRANCHE OF THE AWARD VESTED. IN ACCORDANCE WITH THE TERMS OF THE AWARD, THE NUMBER OF SHARES THAT VESTED COMPRISED THIRTY-FIVE PERCENT OF THE INITIAL AWARD PLUS ADDITIONAL SHARES IN RESPECT OF NOTIONAL DIVIDENDS THEREON. THE NUMBER OF ADDITIONAL SHARES AWARDED IN RESPECT OF THE NOTIONAL DIVIDENDS HAS BEEN CALCULATED ON THE ASSUMPTION THAT SUCH ADDITIONAL SHARES WERE DEEMED TO HAVE BEEN PURCHASED WITH THE DIVIDEND NOTIONALLY PAID IN RESPECT OF THE VESTED SHARES AT THE MID-MARKET CLOSING PRICE OF A SHARE ON THE DATE OF PAYMENT OF EACH SUCH DIVIDEND DURING THE PERIOD OF THE AWARD PRIOR TO VESTING.

SUBJECT TO THE TERMS OF THE AWARD, THE BALANCE OF THE SHARES COMPRISING THE AWARD ARE EXPECTED TO VEST ON 30 JUNE 2017.

24. Name of contact and telephone number for queries:

NEIL BURDETT - 020 7808 5574

Name of duly authorised officer of issuer responsible for making notification:

NEIL BURDETT

Date of notification: 30 JUNE 2016