Transaction in Own Shares

RNS Number : 9688H

Smith & Nephew Plc

05 August 2019

 

5 August 2019

Transaction in Own Shares

Smith & Nephew plc (the "Company") announces today it has purchased the following number of its ordinary shares of US 20¢ each through J.P. Morgan Securities plc, in accordance with the authority granted by shareholders at the Company's Annual General Meeting on 11 April 2019. These shares were issued in connection with employee share schemes in Quarter 2 2019 and have been purchased as part of a programme to reduce the Company's share capital, in order to keep it broadly constant, as announced on 2 August 2019. Details of the relevant purchase transactions are set out below:

Description of Shares:	Smith & Nephew plc ordinary shares of US 20¢ each
Date of transaction:	5 August 2019
Number of Shares repurchased:	258,258
Lowest price paid per Share:	1,841.5000p
Highest price paid per Share:	1,874.5000p
Average price paid per Share:	1,855.0651p
Broker:	J.P Morgan Securities plc

The Company intends to hold these shares in Treasury and then cancel them.

Since 2 August 2019, the Company has purchased 258,258 shares at a cost (including dealing and associated costs) of £4,819,624.10.

Following the purchase of these shares, the Company holds 11,495,344 of its shares in Treasury. The Company's issued share capital, with one voting right per share consists of 874,536,338 ordinary shares of US20¢ each (excluding treasury shares). This is the figure which should be used by shareholders as the denominator when determining whether they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

These purchases were made by J.P Morgan Securities plc on behalf of the Company and a full breakdown of the individual trades is attached to this announcement.

http://www.rns-pdf.londonstockexchange.com/rns/9688H_1-2019-8-5.pdf
 

These purchases are the last purchases to be made under the programme between the Company, on the one hand, and J.P. Morgan Securities plc, on the other hand, announced on 2 August 2019, as that the programme has been completed in accordance with its terms.

This announcement is made in accordance with the requirements of LR 12.4.6 and Market Abuse Regulation 596/2014.

Vickie Reuben

Deputy Company Secretary

Smith & Nephew plc

Tel: [phone]

 

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