Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k)
November 16 2020 - 11:26AM
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
November 16, 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
16 November 2020
NOTIFICATION AND PUBLIC DISCLOSURE IN ACCORDANCE WITH THE
REQUIREMENTS OF THE EU MARKET ABUSE REGULATION OF TRANSACTIONS BY
PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY
ASSOCIATED WITH THEM.
Today, Smith+Nephew was notified that on 13 November 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. VESTING
ON 13 NOVEMBER 2020 OF CONDITIONAL SHARE AWARDS MADE UNDER THE
GLOBAL SHARE PLAN 2010:
The awards were granted under the Global Share Plan 2010 on 13
November 2017 to vest on 13 November 2020. A number of Shares were
sold to cover taxation obligations arising on the vesting of the
awards.
The following relates to all 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
|
Vesting
of a Conditional Share Award granted on 13 November 2017 under the
Smith & Nephew Global Share Plan 2010.
|
Date of
Transaction
|
2020 -
11 - 13
|
Place
of Transaction
|
London
Stock Exchange (XLON)
|
Name
|
Director / PDMR
|
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 *
|
Phil
Cowdy
|
PDMR
|
14.7085
|
18,673
(of which 8,808 were sold and 9,865 retained)
|
N/A
Single Transaction
|
40,913.19975
ordinary shares
|
0.00462%
|
Elga
Lohler
|
PDMR
|
14.7085
|
21,710
(of which 8,573 were sold and 13,137 retained)
|
N/A
Single Transaction
|
89,355.00000
ordinary shares
|
0.01010%
|
Vasant
Padmanabhan
|
PDMR
|
14.7085
|
25,673
(of which 7,536 were sold and 18,137 retained)
|
N/A
Single Transaction
|
45,289.00000
ordinary shares
|
0.00512%
|
* 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. PARTIAL VESTING ON 13
NOVEMBER 2020 OF A CONDITIONAL SHARE AWARD MADE UNDER THE GLOBAL
SHARE PLAN 2010:
The award was granted under the Global Share Plan 2010 on 13
November 2018. One third of the shares vested on 13 November 2019,
a further third vested on 13 November 2020 and the final third will
vest on 13 November 2021. 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 a Conditional Share Award granted on 13 November 2018
under the Smith & Nephew Global Share Plan 2010.
|
Date of
Transaction
|
2020 -
11 - 13
|
Place
of Transaction
|
London
Stock Exchange (XLON)
|
Name
|
Director / PDMR
|
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 *
|
Skip
Kiil
|
PDMR
|
14.7085
|
18,345
(of which 6,251 were sold and 12,094 retained)
|
N/A
Single Transaction
|
15,706.53744
ordinary shares
|
0.00178%
|
* including those held by Persons Closely Associated with the
Director/PDMR. All figures in these columns are stated to 5 decimal
places where applicable.
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: November
16, 2020
By: /s/
Susan Swabey
-----------------
Susan
Swabey
Company
Secretary
Smith and Nephew (PK) (USOTC:SNNUF)
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