Last checked at 10 Mar 2016 17:31
NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS
SMITH & NEPHEW PLC
10 March 2016
Smith & Nephew plc announces that it has today been informed of the following transactions by Directors and persons discharging managerial responsibilities ("PDMRs") in relation to conditional awards over shares:
1. FINAL VESTING ON 7 MARCH 2016 OF 2013 EQUITY INCENTIVE AWARDS MADE UNDER THE GLOBAL SHARE PLAN 2010:
Name of Director / PDMR | Number of Ordinary Shares acquired (iii) | Number of Ordinary Shares sold | Total Ordinary Shares / ADS' held following notification |
Olivier Bohuon | 28,767 | (ii) 13,554 | 416,213 Ordinary Shares |
John Campo | 9,078 | (ii) 4,287 | 84,922 Ordinary Shares (including 10,545 ADS') |
Michael Frazzette | 10,186 | (ii) 3,859 | 102,303 Ordinary Shares (including 37,120 ADS') |
Elga Lohler | 4,177 | 0 | 32,679 Ordinary Shares (including 3,015 ADS') |
Cyrille Petit | 5,419 | (ii) 2,556 | 48,991 Ordinary Shares |
(i) The awards were granted under the Global Share Plan 2010 on 7 March 2013. One third of the shares vested on 7 March 2014, a further third vested on 7 March 2015 and the final third vested on 7 March 2016.
(ii) Ordinary Shares were sold to cover taxation obligations arising on the vesting of the awards.
(iii) This number includes the dividend equivalent shares which participants receive on vested shares.
2. PARTIAL VESTING ON 7 MARCH 2016 OF 2014 EQUITY INCENTIVE AWARDS MADE UNDER THE GLOBAL SHARE PLAN 2010:
Name of Director / PDMR | Number of Ordinary Shares acquired (iii) | Number of Ordinary Shares sold | Total Ordinary Shares / ADS' held following notification |
Olivier Bohuon | 21,222 | (ii) 10,000 | 416,213 Ordinary Shares |
Julie Brown | 9,118 | (ii) 4,301 | 90,040 Ordinary Shares |
Rodrigo Bianchi | 3,233 | 0 | 58,504 Ordinary Shares |
John Campo | 6,595 | (ii) 3,114 | 84,922 Ordinary Shares (including 10,545 ADS') |
Bradley Cannon | 3,926 | (iv) 2,707 | 14,390 Ordinary Shares |
Michael Frazzette | 7,558 | (ii) 2,864 | 102,303 Ordinary Shares (including 37,120 ADS') |
Elga Lohler | 2,950 | 0 | 32,679 Ordinary Shares (including 3,015 ADS') |
Cyrille Petit | 6,198 | (ii) 2,924 | 48,991 Ordinary Shares |
(i) The awards were granted under the Global Share Plan 2010 on 7 March 2014. One third of the shares vested on 7 March 2015 and a further third vested on 7 March 2016. The final third will vest on 7 March 2017.
(ii) Ordinary Shares were sold to cover taxation obligations arising on the vesting of the awards.
(iii) This number includes the dividend equivalent shares which participants receive on vested shares.
(iv) Some of the Ordinary Shares were sold to cover taxation obligations arising on the vesting of the awards.
3. PARTIAL VESTING ON 9 MARCH 2016 OF 2015 EQUITY INCENTIVE AWARDS MADE UNDER THE GLOBAL SHARE PLAN 2010:
Name of Director / PDMR | Number of Ordinary Shares acquired (iii) | Number of Ordinary Shares sold | Total Ordinary Shares / ADS' held following notification |
Olivier Bohuon | 13,073 | (ii) 6,166 | 416,213 Ordinary Shares |
Julie Brown | 8,380 | (ii) 3,953 | 90,040 Ordinary Shares |
Rodrigo Bianchi | 8,041 | 0 | 58,504 Ordinary Shares |
John Campo | 5,518 | (ii) 2,606 | 84,922 Ordinary Shares (including 10,545 ADS') |
Bradley Cannon | 3,613 | (iv)2,491 | 14,390 Ordinary Shares |
Michael Frazzette | 6,955 | (ii) 2,635 | 102,303 Ordinary Shares (including 37,120 ADS') |
Elga Lohler | 3,046 | 0 | 32,679 Ordinary Shares (including 3,015 ADS') |
Cyrille Petit | 5,543 | (ii) 2,615 | 48,991 Ordinary Shares |
Glenn Warner | 3,315 | (ii) 1,187 | 6,616 Ordinary Shares (including 915 ADS') |
(i) The awards were granted under the Global Share Plan 2010 on 9 March 2015. One third of the shares vested on 9 March 2016, a further third will vest on 9 March 2017 and the final third will vest on 9 March 2018.
(ii) Ordinary Shares were sold to cover taxation obligations arising on the vesting of the awards.
(iii) This number includes the dividend equivalent shares which participants receive on vested shares.
(iv) Some of the Ordinary Shares were sold to cover taxation obligations arising on the vesting of the awards.
4. VESTING ON 7 MARCH 2016 OF 2013 SMITH & NEPHEW GLOBAL SHARE PLAN (PERFORMANCE SHARE AWARDS):
Name of Director / PDMR | Number of Ordinary Shares acquired (iii) | Number of Ordinary Shares sold | Total Ordinary Shares / ADS' held following notification |
Olivier Bohuon | 84,505 | (ii) 39,817 | 416,213 Ordinary Shares |
Julie Brown | 46,603 | (ii) 21,963 | 90,040 Ordinary Shares |
John Campo | 18,245 | (ii) 8,607 | 84,922 Ordinary Shares (including 10,545 ADS') |
Bradley Cannon | 10,426 | (iv)7,188 | 14,390 Ordinary Shares |
Michael Frazzette | 20,471 | (ii) 7,749 | 102,303 Ordinary Shares (including 37,120 ADS') |
Elga Lohler | 6,716 | 0 | 32,679 Ordinary Shares (including 3,015 ADS') |
Cyrille Petit | 16,187 | (ii) 7,630 | 48,991 Ordinary Shares |
(i) The awards were granted under the Global Share Plan 2010 on 7 March 2013 and as announced on 12 February 2016, vested at 33% of maximum and settled on 7 March 2016.
(ii) Ordinary Shares were sold to cover taxation obligations arising on the vesting of the awards.
(iii) This number includes the dividend equivalent shares which participants receive on vested shares.
(iv) Some of the Ordinary Shares were sold to cover taxation obligations arising on the vesting of the awards.
5. VESTING ON 7 MARCH 2016 OF 2013 SMITH & NEPHEW GLOBAL SHARE PLAN CONDITIONAL SHARE AWARD:
Name of PDMR | Number of Ordinary Shares acquired | Number of Ordinary Shares sold | Total Ordinary Shares / ADS' held following notification |
Bradley Cannon | 20,000 | (ii) 13,789 | 14,390 Ordinary Shares |
(i) The award was granted under the Global Share Plan 2010 on 7 March 2013.
(ii) Some of the Ordinary Shares were sold to cover taxation obligations arising on the vesting of the awards.
Additional Notes:
1. The Ordinary Shares were released and sold in London, UK.
2. The market value of Ordinary Shares acquired and sold on 7 March 2016 was 1,136.62p per Ordinary Share. The closing mid-market price on 7 March 2016 was 1138p per Ordinary Share.
3. The market value of Ordinary Shares acquired and sold on 9 March 2016 was 1,134p per Ordinary Share. The closing mid-market price on 9 March 2016 was 1130p per Ordinary Share.
4. The percentages of issued share capital acquired, disposed and held following notification are all under 0.01% of the total issued share capital of the Company.
5. One ADS is the equivalent of two Ordinary Shares of US$0.20 each.
This announcement is made in accordance with the requirements of DTR 3.1.4 R (1)(a)
Vickie Reuben
Deputy Company Secretary
Smith & Nephew plc
Tel: 020 7401 7646