Director/PDMR Shareholding

RNS Number : 3488S
Smith & Nephew Plc
08 March 2019
 

 

 

SMITH & NEPHEW PLC

 

 

8 March 2019

 

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.

 

On 7 March 2019 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 2010. The Awards have been made in London and are based on the closing Share price on the London Stock Exchange on 6 March 2019 of £14.625.

 

1.       PERFORMANCE SHARE AWARDS GRANTED UNDER THE SMITH & NEPHEW GLOBAL SHARE PLAN 2010

 

There are performance conditions attached to the vesting of performance share awards. These awards will vest on 7 March 2022, subject to the achievement of the performance conditions which are measured from 1 January 2019 to 31 December 2021. 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.

 

The following relates to all individuals included in this notification:

 

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 7 March 2019 under the Smith & Nephew Global Share Plan 2010.

Date of Transaction

2019 - 03 - 07 

Place of Transaction

London Stock Exchange (XLON)

 

 

Name

Position / Status

Price (s)

Volume(s)

Aggregated information

Graham Baker

Chief Financial Officer

£14.625

35,480

N/A Single Transaction

Bradley Cannon

PDMR

£14.625

15,392

N/A Single Transaction

Massimiliano Colella

PDMR

£14.625

15,374

N/A Single Transaction

Phil Cowdy

PDMR

£14.625

11,282

N/A Single Transaction

Simon Fraser

PDMR

£14.625

13,583

N/A Single Transaction

Mark Gladwell

PDMR

£14.625

13,162

N/A Single Transaction

Melissa Guerdan

PDMR

£14.625

12,582

N/A Single Transaction

Skip Kiil

PDMR

£14.625

19,445

N/A Single Transaction

Elga Lohler

PDMR

£14.625

13,361

N/A Single Transaction

Namal Nawana

Chief Executive Officer

£14.625

76,065

N/A Single Transaction

Cathy O'Rourke

PDMR

£14.625

12,990

N/A Single Transaction

Vasant Padmanabhan

PDMR

£14.625

13,191

N/A Single Transaction

Susan Swabey

PDMR

£14.625

4,892

N/A Single Transaction

 

 

 

2.       EQUITY INCENTIVE AWARDS GRANTED UNDER THE SMITH & NEPHEW GLOBAL SHARE PLAN 2010

 

The awards will normally vest in equal annual tranches over three years following the award date subject to continued achievement of objectives and employment. In the event that objectives are not met in any of the three years, the portion of shares due to vest on the following anniversary will lapse. Participants will receive an additional number of shares equivalent to the amount of dividend payable per vested share during the relevant performance period.

The following relates to all individuals included in this notification:

 

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

Equity Incentive Awards granted on 7 March 2019 under the Smith & Nephew Global Share Plan 2010.

Date of Transaction

2019 - 03 - 07 

Place of Transaction

London Stock Exchange (XLON)

 

Name

Position / Status

Price (s)

Volume(s)

Aggregated information

Graham Baker

Chief Financial Officer

£14.625

18,142

N/A Single Transaction

Bradley Cannon

PDMR

£14.625

13,984

N/A Single Transaction

Massimiliano Colella

PDMR

£14.625

13,976

N/A Single Transaction

Phil Cowdy

PDMR

£14.625

6,975

N/A Single Transaction

Mark Gladwell

PDMR

£14.625

6,526

N/A Single Transaction

Melissa Guerdan

PDMR

£14.625

5,547

N/A Single Transaction

Skip Kiil

PDMR

£14.625

17,677

N/A Single Transaction

Elga Lohler

PDMR

£14.625

13,259

N/A Single Transaction

Namal Nawana

Chief Executive Officer

£14.625

28,712

N/A Single Transaction

Cathy O'Rourke

PDMR

£14.625

12,868

N/A Single Transaction

Vasant Padmanabhan

PDMR

£14.625

11,992

N/A Single Transaction

Susan Swabey

PDMR

£14.625

4,892

N/A Single Transaction

 

 

Susan Swabey

Company Secretary

Smith & Nephew plc

 

Tel:  01923 477216


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