Director/PDMR Shareholding

RNS Number : 0996Q

Smith & Nephew Plc

27 August 2014

 



NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS

SMITH & NEPHEW PLC

27 August 2014

Smith & Nephew plc announces that yesterday it received notification that a transaction by a person discharging managerial responsibilities ("PDMR") took place, following the partial vesting of shares on 23 August 2014 of the 2012 Equity Incentive Award made under the Global Share Plan 2010:

Name of PDMR	Number of Ordinary Shares acquired	Number of Ordinary Shares sold	Total holding of Ordinary Shares  following this notification
Cyrille Petit	6,410	2,041	21,778

Notes:

1.         The award was granted under the GSP 2010 on 23 August 2012. One third of the shares vested on 23 August 2013, one third on 23 August 2014 and the final third will vest on 23 August 2015, subject to continued employment.

2.         The market value of Ordinary Shares acquired and sold on 26 August 2014 was 1,054p per Ordinary Share.

3.         Ordinary Shares were sold to cover taxation obligations arising on the vesting of the awards.

4.        The Ordinary Shares were released and sold in London, UK.

5.         The percentages of issued share capital acquired, disposed and held following notification are all under 0.01% of the total issued share capital of the Company.

This announcement is made in accordance with the requirements of DTR 3.1.4 R (1)(a)

Vickie Grady

Assistant Company Secretary

Smith & Nephew plc

Tel: [phone]

 

END

 

 

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