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16 Nov 2022 11:30
SMITH & NEPHEW PLC
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16 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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1. VESTING OF SHARE AWARDS UNDER THE GLOBAL SHARE PLAN 2020
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The following awards of US$0.20 ordinary shares (the "Shares") in Smith & Nephew plc (the "Company") vested on 14 November 2022, being the first business day post vesting date, under the Smith & Nephew Global Share Plan 2020.
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i. PARTIAL VESTING OF CONDITIONAL SHARE AWARDS MADE UNDER THE GLOBAL SHARE PLAN 2020:
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The awards were granted under the Global Share Plan 2020 on 12 November 2021. One third of the Shares vested on 12 November 2022, a further third will vest on 12 November 2023 and the final third will vest on 12 November 2024. A number of Shares were sold to cover taxation obligations arising on the vesting of the awards.
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The following relates to individuals 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 Ā | Smith & Nephew plc ordinary shares of USD 0.20 each Ā |
Identification code | ISIN: GB0009223206 |
Nature of the transaction | Partial vesting of a Conditional Share Award granted on 12 November 2021 under the Smith & Nephew Global Share Plan 2020. |
Date of Transaction | 2022 - 11 - 14 |
Place of Transaction | London Stock Exchange (XLON) |
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Name (Position) | Ā Status | Price (Ā£) | Volume | Aggregated information | Total Ordinary Share Holding following the transaction * | Total Ordinary Share Holding as a % of the Company's ISC following the transaction * |
Paul Connolly (President, Global Operations) | PDMR | 10.629361 | 10,290 (of which 2,992 were sold to cover taxes due and 7,298 retained) | N/A Single Transaction | 7,298.00000 ordinary shares Ā | 0.00083% Ā |
Mizanu Kebede (Chief Quality and Regulatory Affairs Officer) | PDMR | 10.629361 | 5,049 (of which 1,621 were sold to cover taxes due and 3,428 retained) | N/A Single Transaction | 4,139.84492 ordinary shares (including 355.92246 in ADS') Ā Ā | 0.00047% Ā Ā |
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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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2. VESTING OF A RESTRICTED STOCK UNIT AWARD GRANTED UNDER THE AWARD AGREEMENT DATED 29 APRIL 2022
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In line with the announcement published on 3 May 2022, a Restricted Stock Unit Award of US$0.20 ordinary shares (the "Shares") in Smith & Nephew plc (the "Company") granted to Deepak Nath vested on 13 November 2022. This Restricted Stock Unit Award 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 OF A RESTRICTED STOCK UNIT AWARD:
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A Restricted Stock Unit Award of 14,364 shares was granted to Deepak Nath on 29 April 2022. One third of these shares (4,788 shares) vested on 13 November 2022, a further third will vest on 13 November 2023 and the final third will vest on 13 November 2024. 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 Ā | Smith & Nephew plc ordinary shares of USD 0.20 each Ā |
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 - 14 |
Place of Transaction | London Stock Exchange (XLON) |
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Name (Position) | Ā Status | Price (Ā£) | 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 | 10.629361 | 4,788 (of which 1,170 were sold to cover taxes due and 3,618 retained) | N/A Single Transaction | 9,189.00000 ordinary shares | 0.00105% Ā |
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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 plcĀ
Tel: +44 (0)1923 477100
Smith & Nephew (SN.)
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