Report of Foreign Issuer (6-k)
May 22 2020 - 11:28AM
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 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
---
---
[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
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
-----------------
Susan
Swabey
Company
Secretary
Smith and Nephew (PK) (USOTC:SNNUF)
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