Report of Foreign Issuer (6-k)
March 10 2020 - 2:28PM
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
March 10, 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
---
---
[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
10 March 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 7 March 2020 the following awards of US$0.20 ordinary shares
(the "Shares") in Smith & Nephew plc (the "Company") vested
under the Smith & Nephew Global Share Plan 2010.
1. FINAL
VESTING ON 7 MARCH 2020 OF 2017 EQUITY INCENTIVE AWARDS MADE
UNDER THE GLOBAL SHARE PLAN 2010:
The awards were granted under the Global Share Plan 2010 on 7 March
2017. One third of the Shares vested on 7 March 2018, a further
third vested on 7 March 2019 and the final third vested on 7 March
2020. A number of Shares were sold to cover taxation obligations
arising on the vesting of the awards. The number of Shares acquired
includes the dividend equivalent Shares which participants receive
on vested Shares.
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
|
Final
vesting of Equity Incentive Awards granted on 7 March 2017 under
the Smith & Nephew Global Share Plan 2010.
|
Date of
Transaction
|
2020 -
03 - 09
|
Place
of Transaction
|
London
Stock Exchange (XLON)
|
Name
|
Position / Status
|
Price (s)
|
Volume(s)
|
Aggregated information
|
Bradley
Cannon
|
PDMR
|
£15.7622
|
6,581
(of which 2,831 were sold and 3,750 retained)
|
N/A
Single Transaction
|
Phil
Cowdy
|
PDMR
|
£15.7622
|
3,147
(of which 1,501 were sold and 1,646 retained)
|
N/A
Single Transaction
|
Elga
Lohler
|
PDMR
|
£15.7622
|
4,470
(of which 1,905 were sold and 2,565 retained)
|
N/A
Single Transaction
|
Catheryn
O'Rourke
|
PDMR
|
£15.7622
|
3,304
(of which 1,174 were sold and 2,130 retained)
|
N/A
Single Transaction
|
Vasant
Padmanabhan
|
PDMR
|
£15.7622
|
1,990
(of which 707 were sold and 1,283 retained)
|
N/A
Single Transaction
|
Susan
Swabey
|
PDMR
|
£15.7622
|
1,990
(of which 949 were sold and 1,041 retained)
|
N/A
Single Transaction
|
2. PARTIAL VESTING
ON 9 MARCH 2020 OF 2018 EQUITY INCENTIVE AWARDS MADE UNDER THE
GLOBAL SHARE PLAN 2010:
The awards were granted under the Global Share Plan 2010 on 7 March
2018. One third of the Shares vested on 7 March 2019, a further
third vested on 9 March 2020 and the final third will vest on 7
March 2021. A number of Shares were sold to cover taxation
obligations arising on the vesting of the awards. The number of
Shares acquired includes the dividend equivalent Shares which
participants receive on vested Shares.
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
|
Partial
vesting of Equity Incentive Awards granted on 7 March 2018 under
the Smith & Nephew Global Share Plan 2010
|
Date of
Transaction
|
2020 -
03 - 09
|
Place
of Transaction
|
London
Stock Exchange (XLON)
|
Name
|
Position / Status
|
Price (s)
|
Volume(s)
|
Aggregated information
|
Graham
Baker
|
Chief
Executive Officer
|
£15.7622
|
7,478
(of which 3,565 were sold and 3,913 retained)
|
N/A
Single Transaction
|
Bradley
Cannon
|
PDMR
|
£15.7622
|
5,088
(of which 2,289 were sold and 2,799 retained)
|
N/A
Single Transaction
|
Phil
Cowdy
|
PDMR
|
£15.7622
|
2,999
(of which 1,429 were sold and 1,570 retained)
|
N/A
Single Transaction
|
Elga
Lohler
|
PDMR
|
£15.7622
|
4,262
(of which 1,748 were sold and 2,514 retained)
|
N/A
Single Transaction
|
Catheryn
O'Rourke
|
PDMR
|
£15.7622
|
4,224
(of which 1,500 were sold and 2,724 retained)
|
N/A
Single Transaction
|
Vasant
Padmanabhan
|
PDMR
|
£15.7622
|
4,363
(of which 1,549 were sold and 2,814 retained)
|
N/A
Single Transaction
|
Susan
Swabey
|
PDMR
|
£15.7622
|
1,878
(of which 896 were sold and 982 retained)
|
N/A
Single Transaction
|
3. PARTIAL
VESTING ON 7 MARCH 2020 OF 2019 EQUITY INCENTIVE AWARDS MADE UNDER
THE GLOBAL SHARE PLAN 2010:
The awards were granted under the Global Share Plan 2010 on 7 March
2019. One third of the Shares vested on 7 March 2020, a further
third will vest on 7 March 2021 and the final third will vest on 7
March 2022. A number of Shares were sold to cover taxation
obligations arising on the vesting of the awards. The number of
Shares acquired includes the dividend equivalent Shares which
participants receive on vested Shares.
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
|
Partial
vesting of Equity Incentive Awards granted on 7 March 2019 under
the Smith & Nephew Global Share Plan 2010
|
Date of
Transaction
|
2020 -
03 - 09
|
Place
of Transaction
|
London
Stock Exchange (XLON)
|
Name
|
Position / Status
|
Price (s)
|
Volume(s)
|
Aggregated information
|
Graham
Baker
|
Chief
Executive Officer
|
£15.7622
|
6,147
(of which 2,926 were sold and 3,221 retained)
|
N/A
Single Transaction
|
Bradley
Cannon
|
PDMR
|
£15.7622
|
4,738
(of which 2,128 were sold and 2,610 retained)
|
N/A
Single Transaction
|
Phil
Cowdy
|
PDMR
|
£15.7622
|
2,363
(of which 1,124 were sold and 1,239 retained)
|
N/A
Single Transaction
|
Mark
Gladwell
|
PDMR
|
£15.7622
|
2,211
(of which 1,054 were sold and 1,157 retained)
|
N/A
Single Transaction
|
Melissa
Guerdan
|
PDMR
|
£15.7622
|
1,879
(of which 667 were sold and 1,212 retained)
|
N/A
Single Transaction
|
Skip
Kiil
|
PDMR
|
£15.7622
|
5,989
(of which 2,429 were sold and 3,560 retained)
|
N/A
Single Transaction
|
Elga
Lohler
|
PDMR
|
£15.7622
|
4,493
(of which 1,832 were sold and 2,661 retained)
|
N/A
Single Transaction
|
Catheryn
O'Rourke
|
PDMR
|
£15.7622
|
4,360
(of which 1,544 were sold and 2,816 retained)
|
N/A
Single Transaction
|
Vasant
Padmanabhan
|
PDMR
|
£15.7622
|
4,063
(of which 1,439 were sold and 2,624 retained)
|
N/A
Single Transaction
|
Susan
Swabey
|
PDMR
|
£15.7622
|
1,657
(of which 787 were sold and 870 retained)
|
N/A
Single Transaction
|
4. VESTING ON 7 MARCH 2020 OF 2017
PERFORMANCE SHARE AWARDS MADE UNDER THE SMITH & NEPHEW GLOBAL
SHARE PLAN 2010:
The awards were granted under the Global Share Plan 2010 on 7 March
2017 and as announced on 7 February 2020, vested at 49% of maximum
and settled on 7 March 2020 being the third anniversary of the
awards. A number of Shares were sold to cover taxation
obligations arising on the vesting of the awards. The number of
Shares acquired includes the dividend equivalent Shares which
participants receive on vested Shares.
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
|
Vesting
of Smith & Nephew Global Share Plan 2010 Performance Share
Awards granted on 7 March 2017.
|
Date of
Transaction
|
2020 -
03 - 09
|
Place
of Transaction
|
London
Stock Exchange (XLON)
|
Name
|
Position / Status
|
Price (s)
|
Volume(s)
|
Aggregated information
|
Graham
Baker
|
Chief
Financial Officer
|
£15.7622
|
40,613
(of which 19,347 were sold and 21,266 retained)
|
N/A
Single Transaction
|
Bradley
Cannon
|
PDMR
|
£15.7622
|
23,055
(of which 9,913 were sold and 13,142 retained)
|
N/A
Single Transaction
|
Phil
Cowdy
|
PDMR
|
£15.7622
|
8,218
(of which 3,915 were sold and 4,303 retained)
|
N/A
Single Transaction
|
Elga
Lohler
|
PDMR
|
£15.7622
|
13,138
(of which 5,597 were sold and 7,541 retained)
|
N/A
Single Transaction
|
Catheryn
O'Rourke
|
PDMR
|
£15.7622
|
7,765
(of which 2,755 were sold and 5,010 retained)
|
N/A
Single Transaction
|
Vasant
Padmanabhan
|
PDMR
|
£15.7622
|
16,927
(of which 6,005 were sold and 10,922 retained)
|
N/A
Single Transaction
|
Susan
Swabey
|
PDMR
|
£15.7622
|
5,848
(of which 2,786 were sold and 3,062 retained)
|
N/A
Single Transaction
|
Vickie Reuben
Deputy Company Secretary
Smith & Nephew plc
Tel: 01923
477216
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: March
10, 2020
By: /s/
Susan Swabey
-----------------
Susan
Swabey
Company
Secretary
Smith and Nephew (PK) (USOTC:SNNUF)
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