Last checked at 11 Mar 2022 18:19
11 March 2022
Smith & Nephew plc
Transaction in Own Shares
Smith & Nephew plc (the "Company") announces today it has purchased the following number of its own ordinary shares of US 20¢ each through Merrill Lynch International, as part of its USD $125 million share buyback programme announced on 22 February 2022 and in accordance with the authority granted by shareholders at the Company's Annual General Meeting on 14 April 2021.
Aggregated details of share purchase transactions according to trading venue are set out below:
Date of transaction: | Venue: | Number of ordinary shares repurchased: | Highest price paid per ordinary share (GBP): | Lowest price paid per ordinary share (GBP): | Volume weighted average price paid per ordinary share (GBP): |
11/03/2022 | XLON | 512,951 | £12.2500 | £11.9100 | £12.0869 |
11/03/2022 | BATE | 0 | £0.00 | £0.00 | £0.00 |
11/03/2022 | CHIX | 0 | £0.00 | £0.00 | £0.00 |
The Company intends to hold these shares in Treasury and then cancel them.
Since 23 February 2022, the Company has purchased 2,979,447 shares at a cost (including dealing and associated costs) of £36,658,491.48.
Following the purchase of these shares, the Company holds 8,237,648 of its shares in Treasury. The Company's issued share capital, with one voting right per share consists of 876,999,645 ordinary shares of US20¢ each (excluding treasury shares). This figure of 876,999,645 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.
This announcement is made in accordance with the requirements of LR 12.4.6.
In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (as incorporated into UK domestic law by the European Union (Withdrawal) Act 2018), a full breakdown of the individual purchases is attached to this announcement.
http://www.rns-pdf.londonstockexchange.com/rns/5721E_1-2022-3-11.pdf
Sarah Carne
Deputy Company Secretary
Smith & Nephew plc
Tel: +44 (0)1923 477100