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Smith & Nephew Plc - Director/PDMR Shareholding

RNS Number : 5054J
Smith & Nephew Plc
22 December 2020
 

SMITH & NEPHEW PLC

 

22 December 2020

 

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 21 December 2020, the following award of US$0.20 ordinary shares (the "Shares") in Smith & Nephew plc (the "Company") was granted under the Smith & Nephew Global Share Plan 2020. The Award has been made in London and is based on the closing Share price on the London Stock Exchange on 12 August 2020 of £16.1150, which is the day prior to the date share awards were made to other participants.

 

1.       PERFORMANCE SHARE AWARD GRANTED UNDER THE SMITH & NEPHEW GLOBAL SHARE PLAN 2020

 

There are performance conditions attached to the vesting of performance share awards. This award will vest on 21 December 2023, subject to the achievement of the performance conditions which are measured from 1 January 2020 to 31 December 2022 and were determined by the Remuneration Committee in February 2020. The participant will be required to hold the shares after tax, for a further period of two years to 21 December 2025. The number of shares subject to the above award is shown at target vesting. Should maximum vesting be achieved, the participant will receive 2x the number of shares shown below. The participant 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 section:

 

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 Award granted at target on 21 December 2020 under the Smith & Nephew Global Share Plan 2020.

Date of Transaction

2020 - 12 - 21

Place of Transaction

London Stock Exchange (XLON)

 

Name

Director / PDMR

Price (£)

Volume

Aggregated information

Anne-Francoise Nesmes

Chief Financial Officer

16.1150

21,363

N/A Single Transaction

 

Vickie Reuben  

Deputy Company Secretary

Smith & Nephew plc

 

Tel:  +44 (0)1923 477410

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