10 Nov 2022 07:00
SMITH & NEPHEW PLC
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10 November 2022
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NOTIFICATION AND PUBLIC DISCLOSURE IN ACCORDANCE WITH THE REQUIREMENTS OF THE EU MARKET ABUSE REGULATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMR") AND PERSONS CLOSELY ASSOCIATED WITH THEM.
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VESTING OF RESTRICTED STOCK UNIT AWARDS GRANTED UNDER THE AWARD AGREEMENTÂ DATED 29 APRIL 2022Â
In line with the announcement published on 3 May 2022, certain Restricted Stock Unit Awards of US$0.20 ordinary shares (the "Shares") in Smith & Nephew plc (the "Company") granted to Deepak Nath vested on 8 November 2022. These Restricted Stock Unit Awards formed part of the buy-out awards granted in respect of outstanding incentives Deepak Nath forfeited upon leaving his former company.
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i. PARTIAL VESTING ON 8 NOVEMBER 2022 OF A RESTRICTED STOCK UNIT AWARD:
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A Restricted Stock Unit Award of 8,716 shares was granted to Deepak Nath on 29 April 2022. One half of these shares (4,358 shares) vested on 8 November 2022 and the remaining half will vest on 8 November 2023. A number of Shares were sold to cover taxation obligations arising on the vesting of the award.
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The following relates to individual included in the below notification:
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Reason for the notification | |
Initial notification /Amendment | Initial notification |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
Name | Smith & Nephew plc |
LEI | 213800ZTMDN8S67S1H61 |
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 | |
Description of the financial instrument, type of instrument  | Smith & Nephew plc ordinary shares of USD 0.20 each  |
Identification code | ISIN: GB0009223206 |
Nature of the transaction | Partial vesting of a Restricted Stock Unit Award granted on 29 April 2022 under the award agreement. |
Date of Transaction | 2022 - 11 - 08 |
Place of Transaction | London Stock Exchange (XLON) |
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Name (Position) |  Status | Price (£) | Volume | Aggregated information | Total Ordinary Share Holding following the transaction * | Total Ordinary Share Holding as a % of the Company's ISC following the transaction * |
Deepak Nath (Chief Executive Officer) | Director | 10.407844 | 4,358 (of which 1,065 were sold to cover taxes due and 3,293 retained) | N/A Single Transaction | 3,293.00000 ordinary shares | 0.00038% Â |
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ii. PARTIAL VESTING ON 8 NOVEMBER 2022 OF A RESTRICTED STOCK UNIT AWARD:
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A Restricted Stock Unit Award of 12,061 shares was granted to Deepak Nath on 29 April 2022. One quarter of these shares (3,015 shares) vested on 8 November 2022, a second quarter will vest on 8 November 2023, a third quarter will vest on 8 November 2024 and the final quarter will vest on 8 November 2025. A number of Shares were sold to cover taxation obligations arising on the vesting of the award.
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The following relates to individual included in the below notification:
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Reason for the notification | |
Initial notification /Amendment | Initial notification |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
Name | Smith & Nephew plc |
LEI | 213800ZTMDN8S67S1H61 |
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 | |
Description of the financial instrument, type of instrument  | Smith & Nephew plc ordinary shares of USD 0.20 each  |
Identification code | ISIN: GB0009223206 |
Nature of the transaction | Partial vesting of a Restricted Stock Unit Award granted on 29 April 2022 under the award agreement. |
Date of Transaction | 2022 - 11 - 08 |
Place of Transaction | London Stock Exchange (XLON) |
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Name (Position) |  Status | Price (£) | Volume | Aggregated information | Total Ordinary Share Holding following the transaction * | Total Ordinary Share Holding as a % of the Company's ISC following the transaction * |
Deepak Nath (Chief Executive Officer) | Director | 10.407844 | 3,015 (of which 737 were sold to cover taxes due and 2,278 retained) | N/A Single Transaction | 5,571.00000 ordinary shares | 0.00063% Â |
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* including those held by Persons Closely Associated with the Director/PDMR. All figures in these columns are stated to 5 decimal places where applicable.
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Sarah Carne
Deputy Company Secretary
Smith & Nephew plc
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Tel: +44 (0)1923 477100