Last checked at 9 May 2018 13:50
SMITH & NEPHEW PLC
09 May 2018
NOTIFICATION AND PUBLIC DISCLOSURE IN ACCORDANCE WITH THE REQUIREMENTS OF THE EU MARKET ABUSE REGULATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM.
On 9 May 2018 the following award of US$0.20 ordinary shares (the "Shares") in Smith & Nephew plc (the "Company") were granted under the Smith & Nephew Global Share Plan 2010. The Award has been made in London and is based on the closing Share price on the London Stock Exchange on 8 May 2018 of £13.045.
PERFORMANCE SHARE AWARDS GRANTED UNDER THE SMITH & NEPHEW GLOBAL SHARE PLAN 2010
There are performance conditions attached to the vesting of performance share awards. This award will vest on 9 May 2021, subject to the achievement of the performance conditions which are measured from 1 January 2018 to 31 December 2020. The number of Shares subject to the above award is shown at target vesting. Should maximum vesting be achieved, Namal will receive 2x the number of Shares shown below. Namal will receive an additional number of Shares equivalent to the amount of dividend payable per vested Share during the relevant performance period.
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Namal Nawana | |
2 | Reason for the notification | ||
a) | Position/status | Chief Executive Officer | |
b) | Initial notification /Amendment | Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Smith & Nephew plc | |
b) | LEI | 213800ZTMDN8S67S1H61 | |
4 | 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 | ||
a) | Description of the financial instrument, type of instrument Identification code | Smith & Nephew plc Ordinary Shares of USD 0.20 each
ISIN: GB0009223206 | |
b) | Nature of the transaction | Performance Share Awards granted at target on 9 May 2018 under the Smith & Nephew Global Share Plan 2010 | |
c) | Price(s) and volume(s) | Price(s) £13.045 | Volume(s) 54,400 |
d) | Aggregated information - Aggregated volume - Price | Single Transaction N/A N/A | |
e) | Date of the transaction | 2018 - 05 - 09 | |
f) | Place of the transaction | Outside a trading venue | |
Vickie Reuben
Deputy Company Secretary
Smith & Nephew plc
Tel: 01923 477410