Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k)
November 15 2021 - 8:38AM
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 12,
2021
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
12 November 2021
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 12 November 2021, 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 11 November 2021 of
£13.055.
1. PERFORMANCE SHARE AWARD
GRANTED UNDER THE SMITH & NEPHEW GLOBAL SHARE PLAN
2020
There are performance conditions attached to the vesting of
performance share awards. This award will vest on 12 November 2024,
subject to the achievement of the performance conditions which are
measured from 1 January 2021 to 31 December 2023 and were
determined by the Remuneration Committee in April 2021. The number
of shares subject to the above award is shown at target vesting.
Should maximum vesting be achieved, the participant will receive 2x
the number of shares shown below. The participant 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 12 November 2021
under the Smith & Nephew Global Share Plan 2020.
|
|
Date of Transaction
|
2021 - 11 - 12
|
|
Place of Transaction
|
Grant took place outside a trading venue
|
|
Name (Position)
|
Director / PDMR
|
Price (£)
|
Volume
|
Aggregated information
|
|
Mizanu Kebede
(Chief Quality & Regulatory Affairs Officer)
|
PDMR
|
13.055
|
8,840
|
N/A Single Transaction
|
2. CONDITIONAL SHARE AWARDS
GRANTED UNDER THE SMITH & NEPHEW GLOBAL SHARE PLAN
2020:
The awards will normally vest a third on the first anniversary of
grant, a third on the second anniversary of grant and the final
third will vest on the third anniversary of grant subject to
continued achievement of objectives and employment.
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
|
Conditional share awards granted on 12 November 2021 under the
Smith & Nephew Global Share Plan 2020.
|
|
Date of Transaction
|
2021 - 11 - 12
|
|
Place of Transaction
|
Grant took place outside a trading venue
|
|
Name (Position)
|
Director / PDMR
|
Price (£)
|
Volume
|
Aggregated information
|
|
Paul Connolly
(President Global Operations)
|
PDMR
|
13.055
|
30,869
|
N/A Single Transaction
|
|
Mizanu Kebede
(Chief Quality & Regulatory Affairs Officer)
|
PDMR
|
13.055
|
15,148
|
N/A Single Transaction
|
Susan Swabey
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
12, 2021
By: /s/
Susan Swabey
-----------------
Susan
Swabey
Company
Secretary
Smith and Nephew (PK) (USOTC:SNNUF)
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