Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k)
May 24 2023 - 12:57PM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of
1934
May 24,
2023
Commission
File Number 001-14978
SMITH & NEPHEW plc
(Registrant's
name)
Building 5, Croxley Park,
Hatters Lane, Watford, Hertfordshire, WD18 8YE,
England
(Address
of registrant's principal executive offices)
[Indicate
by check mark whether the registrant files or will file
annual
reports
under cover Form 20-F or Form 40-F.]
Form
20-F
X
Form 40-F
---
---
[Indicate
by check mark if the registrant is submitting the Form 6-K
in
paper
as permitted by Regulation S-T Rule 101(b)(1).]
Yes
No X
---
---
[Indicate
by check mark if the registrant is submitting the Form 6-K
in
paper
as permitted by Regulation S-T Rule 101(b)(7).]
Yes
No X
---
---
[Indicate
by check mark whether by furnishing the information
contained
in this
Form, the registrant is also thereby furnishing information to
the
Commission
pursuant to Rule 12g3-2 (b) under the Securities Exchange Act
of
1934.]
Yes
No X
---
---
If
"Yes" is marked, indicate below the file number assigned to
the
registrant
in connection with Rule 12g3-2 (b) : 82- n/a.
SMITH & NEPHEW PLC
24 May 2023
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.
1. PARTIAL VESTING OF CONDITIONAL SHARE AWARDS GRANTED
UNDER THE GLOBAL SHARE PLAN 2020
On 22 May 2023 being the first business day post-vesting date, the
following awards of US$0.20 ordinary shares (the "Shares") in Smith
& Nephew plc (the "Company") partially vested under the Smith
& Nephew Global Share Plan 2020.
i. PARTIAL
VESTING OF CONDITIONAL SHARE AWARDS GRANTED ON 21 MAY
2021:
The awards were granted under the Global Share Plan 2020 on 21 May
2021. One third of the Shares vested on 21 May 2022, a further
third vested on 21 May 2023 and the final third will vest on 21 May
2024. A number of Shares were sold to cover taxation obligations
arising on the vesting of the awards.
The following relates to the individual included in the below
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
|
Partial vesting of Conditional Share Awards granted on 21 May 2021
under the Smith & Nephew Global Share Plan 2020.
|
Date of Transaction
|
2023 - 05 - 22
|
Place of Transaction
|
London Stock Exchange (XLON)
|
Name
(Position)
|
Status
|
Price (£)
|
Volume
|
Aggregated information
|
Total Ordinary Share Holding following the
transaction*
|
Total Ordinary Share Holding as a % of the Company's ISC following
the transaction*
|
Scott Schaffner
(President Sports Medicine)
|
PDMR
|
£12.795107
|
1,142 (of which 280 were sold and 862 retained)
|
N/A Single Transaction
|
60,064.98048
(including 1,927.12679 in ADS')
|
0.00684%
|
* including those held by Persons Closely Associated with the
Director/PDMR. All figures in these columns are stated to 5 decimal
places where applicable.
ii. PARTIAL
VESTING OF CONDITIONAL SHARE AWARDS GRANTED ON 12 AUGUST
2022:
The awards were granted under the Global Share Plan 2020 on 12
August 2022. One third of the Shares vested on 20 May 2023, a
further third will vest on 20 May 2024 and the final third will
vest on 20 May 2025. A number of Shares were sold to cover taxation
obligations arising on the vesting of the awards.
The following relates to individuals included in the below
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
|
Partial vesting of Conditional Share Awards granted on 12 August
2022 under the Smith & Nephew Global Share Plan
2020.
|
Date of Transaction
|
2023 - 05 - 22
|
Place of Transaction
|
London Stock Exchange (XLON)
|
Name
(Position)
|
Status
|
Price (£)
|
Volume
|
Aggregated information
|
Total Ordinary Share Holding following the
transaction*
|
Total Ordinary Share Holding as a % of the Company's ISC following
the transaction*
|
Myra Eskes
(President APAC & Global Service)
|
PDMR
|
£12.795107
|
11,684 (of which 0 were sold and 11,684 retained)
|
N/A Single Transaction
|
73,705.97554
|
0.00840%
|
Elga Lohler
(Chief HR Officer)
|
PDMR
|
£12.795107
|
10,088 (of which 4,012 were sold and 6,076 retained)
|
N/A Single Transaction
|
150,759.19156 (including
3,015.00000 in ADS')
|
0.01718%
|
Vasant Padmanabhan
(President Research & Development)
|
PDMR
|
£12.795107
|
9,813 (of which 3,841 were sold and 5,972 retained)
|
N/A Single Transaction
|
106,325.13931
|
0.01211%
|
* including those held by Persons Closely Associated with the
Director/PDMR. All figures in these columns are stated to 5 decimal
places where applicable.
2. SALE OF SHARES
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
|
Sale of ordinary shares.
|
Date of Transaction
|
2023 - 05 - 23
|
Place of Transaction
|
London Stock Exchange (XLON)
|
Name
(Position)
|
Status
|
Price (£)
|
Volume
|
Aggregated information
|
Total Ordinary Share Holding following the
transaction*
|
Total Ordinary Share Holding as a % of the Company's ISC following
the transaction*
|
Elga Lohler
(Chief HR Officer)
|
PDMR
|
12.729537
|
6,361.19156
|
N/A Single Transaction
|
144,398.00000
(including 3,015.00000 in ADS')
|
0.01645%
|
* including those held by Persons Closely Associated with the
Director/PDMR. All figures in these columns are stated to 5 decimal
places where applicable.
Following the above transaction, the individual continues to
maintain a shareholding in accordance with the Company's
shareholding guidelines.
Sarah Carne
Deputy Company Secretary
Smith & Nephew plc
Tel: +44 (0)1923 477100
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned thereunto duly authorized.
Smith
& Nephew Plc
(Registrant)
Date: May
24, 2023
By: /s/
Helen Barraclough
-----------------
Helen
Barraclough
Company
Secretary
Smith and Nephew (PK) (USOTC:SNNUF)
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