22 May 2020 14:00
SMITH & NEPHEW PLC
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22 May 2020
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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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On 21 May 2020 the following awards of US$0.20 ordinary shares (the "Shares") in Smith & Nephew plc (the "Company") were granted under the Smith & Nephew Global Share Plan 2020. The Awards have been made in London and are based on the closing Share price on the London Stock Exchange on 20 May 2020 of £16.6150.
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1. PERFORMANCE SHARE AWARDS GRANTED UNDER THE SMITH & NEPHEW GLOBAL SHARE PLAN 2020
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There are performance conditions attached to the vesting of performance share awards. These awards will vest on or before 21 May 2023, subject to the achievement of the performance conditions which are measured from 1 January 2020 to 31 December 2022. The number of shares subject to the above awards are shown at target vesting. Should maximum vesting be achieved, participants will receive 2x the number of shares shown below. Participants will receive an additional number of shares equivalent to the amount of dividend payable per vested share during the relevant performance period.
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The following relates to all individuals included in this section:
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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 | Performance Share Awards granted at target on 21 May 2020 under the Smith & Nephew Global Share Plan 2020. |
Date of Transaction | 2020 - 05 -- 21 |
Place of Transaction | London Stock Exchange (XLON) |
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Name | Director / PDMR | Price (£) | Volume | Aggregated information |
Bradley Cannon | PDMR | 16.6150 | 14,812 | N/A Single Transaction |
Phil Cowdy | PDMR | 16.6150 | 9,930 | N/A Single Transaction |
Roland Diggelmann | Chief Executive Officer | 16.6150 | 96,536 | N/A Single Transaction |
Myra Eskes | PDMR | 16.6150 | 14,696 | N/A Single Transaction |
Simon Fraser | PDMR | 16.6150 | 12,814 | N/A Single Transaction |
Mark Gladwell | PDMR | 16.6150 | 13,241 | N/A Single Transaction |
Melissa Guerdan | PDMR | 16.6150 | 12,226 | N/A Single Transaction |
Skip Kiil | PDMR | 16.6150 | 18,345 | N/A Single Transaction |
Elga Lohler | PDMR | 16.6150 | 13,236 | N/A Single Transaction |
Ian Melling | PDMR | 16.6150 | 4,867 | N/A Single Transaction |
Catheryn O'Rourke | PDMR | 16.6150 | 12,868 | N/A Single Transaction |
Vasant Padmanabhan | PDMR | 16.6150 | 12,819 | N/A Single Transaction |
Susan Swabey | PDMR | 16.6150 | 4,413 | N/A Single Transaction |
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2. PHIL COWDY - SALE OF ORDINARY SHARES
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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 | Sale of ordinary shares. |
Date of Transaction | 2020 - 05 -- 20 |
Place of Transaction | London Stock Exchange (XLON) |
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Name | Director / PDMR | Price (£) | Volume | Aggregated information | Total Share Holding following the transaction * | Total Share Holding as a % of the Company's ISC following the transaction * |
Phil Cowdy | PDMR | 16.261706 | 4,750 | N/A Single Transaction | 31,048.19816 | 0.00351% |
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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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3. CONDITIONAL SHARE AWARDS GRANTED UNDER THE SMITH & NEPHEW GLOBAL SHARE PLAN 2020
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The award will vest on the 30 June 2021 subject to continued achievement of objectives and employment.
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 | Conditional Share Award granted on 21 May 2020 under the Smith & Nephew Global Share Plan 2020. |
Date of Transaction | 2020 - 05 -- 21 |
Place of Transaction | London Stock Exchange (XLON) |
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Name | Director / PDMR | Price (£) | Volume | Aggregated information |
Ian Melling | PDMR | 16.6150 | 13,120 | N/A Single Transaction |
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Vickie Reuben
Deputy Company Secretary
Smith & Nephew plc
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Tel: +44 (0)1923 477410
Smith & Nephew (SN.)