Last checked at 11 May 2021 14:32
Smith & Nephew plc, announces that on 10 May 2021, it became aware of an administrative error that led to the below announcement not being made by 18 March 2021, in line with the UK Disclosure Guidance and Transparency Rules.
TR-1: Standard form for notification of major holdings
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: |
Smith & Nephew PLC | |||||
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) | ||||||
Non-UK issuer |
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2. Reason for the notification (please mark the appropriate box or boxes with an "X") | ||||||
An acquisition or disposal of voting rights | X | |||||
An acquisition or disposal of financial instruments | X | |||||
An event changing the breakdown of voting rights |
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Other (please specify): |
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3. Details of person subject to the notification obligation | ||||||
Name | WCM Investment Management, LLC | |||||
City and country of registered office (if applicable) | Wilmington, United States | |||||
4. Full name of shareholder(s) (if different from 3) | ||||||
Name | Discretionary Clients | |||||
City and country of registered office (if applicable) |
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5. Date on which the threshold was crossed or reached: |
March 16, 2021 | |||||
6. Date on which issuer notified: | March 17, 2021 | |||||
7. Total positions of person(s) subject to the notification obligation | ||||||
| % of voting rights attached to shares (total of 8.A) | % of voting rights through financial instruments (total of 8.B.1 + 8.B.2) |
Total of both in % (8.A + 8.B) | Total number of voting rights held in issuer | ||
Resulting situation on the date on which threshold was crossed or reached |
4.83% |
0 |
4.83% |
884,921,853 | ||
Position of previous notification (if applicable) |
5.12% |
0 |
5.12% |
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8. Notified details of the resulting situation on the date on which the threshold was crossed or reached | |||||||||
A: Voting rights attached to shares | |||||||||
Class/type of shares ISIN code (if possible) | Number of voting rights | % of voting rights | |||||||
Direct (DTR5.1) | Indirect (DTR5.2.1) | Direct (DTR5.1) | Indirect (DTR5.2.1) | ||||||
Ordinary Shares (ISIN: GB0009223206) | 27,168,133 |
| 3.07% |
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ADRs (ISIN: US83175M2052) | 15,620,700 |
| 1.76% |
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SUBTOTAL 8.A | 42,788,833 | 4.83% | |||||||
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B.1: Financial Instruments according to DTR5.3.1R (1) (a) | |||||||||
Type of financial instrument |
Expiration date |
Exercise/ Conversion Period | Number of voting rights that may be acquired if the instrument is exercised/converted. |
% of voting rights | |||||
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| SUBTOTAL 8.B.1 |
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B.2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b) | |||||||||
Type of financial instrument | Expiration date | Exercise/ Conversion Period | Physical or cash settlement | Number of voting rights |
% of voting rights | ||||
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| SUBTOTAL 8.B.2 |
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9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X") | ||||
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer |
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Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary) |
X | |||
Name | % of voting rights if it equals or is higher than the notifiable threshold | % of voting rights through financial instruments if it equals or is higher than the notifiable threshold | Total of both if it equals or is higher than the notifiable threshold | |
WCM Investment Management, LLC |
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10. In case of proxy voting, please identify: | |
Name of the proxy holder |
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The number and % of voting rights held |
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The date until which the voting rights will be held |
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Place of completion | Laguna Beach, California, USA |
Date of completion | March 17, 2021 |
Vickie Reuben
Deputy Company Secretary
Smith & Nephew plc
Tel: +44 (0) 1923 477410