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2 Aug 2017 17:22
2 August 2017
Smith & Nephew plc (the "Company")
Transaction in Own Shares
The Company today purchased 309,247 of its Ordinary Shares of US 20¢ each through Merrill Lynch International, in accordance with the authority granted by shareholders at the Company's Annual General Meeting on 6 April 2017. These shares were issued in connection with employee share schemes in Quarter 2 2017 and have been purchased as part of a programme to reduce the Company's share capital, in order to keep it broadly constant, as announced on 1 August 2017. Details of the relevant purchase transactions are set out below:
Description of Shares: | Smith & Nephew Ordinary Shares of US 20¢ each |
Number of Shares repurchased: | 309,247 |
Average price paid per Share: | 1,319.9881p |
Highest price paid per Share: | 1,325.0000p |
Lowest price paid per Share: | 1,317.0000p |
Date of transaction: | 2 August 2017 |
Broker: | Merrill Lynch International |
The Company intends to hold these shares in Treasury.
Following the purchase of these shares, the Company holds 15,898,225 of its shares in Treasury. The Company's issued share capital, with one voting right per share consists of 875,095,052 Ordinary Shares of US20¢ each (excluding treasury shares). This is the figure which should be used by shareholders as the denominator when determining whether they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
These purchases were made by Merrill Lynch International on behalf of the Company and a full breakdown of the individual trades is attached to this announcement.http://www.rns-pdf.londonstockexchange.com/rns/9546M_-2017-8-2.pdf
This announcement is made in accordance with the requirements of LR 12.4.6.
Vickie Reuben
Deputy Company Secretary
Smith & Nephew plc
Tel: 01923 477320
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