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 22, 2020
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
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[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
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[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
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[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
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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
22 May 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 May 2020 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 2020. The Awards have been made in London and are based on the closing Share price on the London Stock Exchange on 20 May 2020 of £16.6150.
1. PERFORMANCE SHARE AWARDS GRANTED UNDER THE SMITH & NEPHEW GLOBAL SHARE PLAN 2020
There are performance conditions attached to the vesting of performance share awards. These awards will vest on or before 21 May 2023, subject to the achievement of the performance conditions which are measured from 1 January 2020 to 31 December 2022. 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 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 Awards granted at target on 21 May 2020 under the Smith & Nephew Global Share Plan 2020. |
Date of Transaction | 2020 - 05 -- 21 |
Place of Transaction | London Stock Exchange (XLON) |
Name | Director / PDMR | Price (£) | Volume | Aggregated information |
Bradley Cannon | PDMR | 16.6150 | 14,812 | N/A Single Transaction |
Phil Cowdy | PDMR | 16.6150 | 9,930 | N/A Single Transaction |
Roland Diggelmann | Chief Executive Officer | 16.6150 | 96,536 | N/A Single Transaction |
Myra Eskes | PDMR | 16.6150 | 14,696 | N/A Single Transaction |
Simon Fraser | PDMR | 16.6150 | 12,814 | N/A Single Transaction |
Mark Gladwell | PDMR | 16.6150 | 13,241 | N/A Single Transaction |
Melissa Guerdan | PDMR | 16.6150 | 12,226 | N/A Single Transaction |
Skip Kiil | PDMR | 16.6150 | 18,345 | N/A Single Transaction |
Elga Lohler | PDMR | 16.6150 | 13,236 | N/A Single Transaction |
Ian Melling | PDMR | 16.6150 | 4,867 | N/A Single Transaction |
Catheryn O'Rourke | PDMR | 16.6150 | 12,868 | N/A Single Transaction |
Vasant Padmanabhan | PDMR | 16.6150 | 12,819 | N/A Single Transaction |
Susan Swabey | PDMR | 16.6150 | 4,413 | N/A Single Transaction |
2. PHIL COWDY - SALE OF ORDINARY 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 | 2020 - 05 -- 20 |
Place of Transaction | London Stock Exchange (XLON) |
Name | Director / PDMR | Price (£) | Volume | Aggregated information | Total Share Holding following the transaction * | Total Share Holding as a % of the Company's ISC following the transaction * |
Phil Cowdy | PDMR | 16.261706 | 4,750 | N/A Single Transaction | 31,048.19816 | 0.00351% |
* including those held by Persons Closely Associated with the Director/PDMR. All figures in these columns are stated to 5 decimal places where applicable.
3. CONDITIONAL SHARE AWARDS GRANTED UNDER THE SMITH & NEPHEW GLOBAL SHARE PLAN 2020
The award will vest on the 30 June 2021 subject to continued achievement of objectives and employment.
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 | Conditional Share Award granted on 21 May 2020 under the Smith & Nephew Global Share Plan 2020. |
Date of Transaction | 2020 - 05 -- 21 |
Place of Transaction | London Stock Exchange (XLON) |
Name | Director / PDMR | Price (£) | Volume | Aggregated information |
Ian Melling | PDMR | 16.6150 | 13,120 | N/A Single Transaction |
Vickie Reuben
Deputy Company Secretary
Smith & Nephew plc
Tel: +44 (0)1923 477410
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 22, 2020
By: /s/ Susan Swabey
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Susan Swabey
Company Secretary