Smith & Nephew Plc Transaction in Own Shares (8684K)
September 26 2016 - 12:46PM
UK Regulatory
TIDMSN.
RNS Number : 8684K
Smith & Nephew Plc
26 September 2016
26 September 2016
Smith & Nephew plc (the "Company")
Transaction in Own Shares
The Company today purchased 300,000 of its Ordinary Shares of US
20c each through J.P. Morgan Securities, in accordance with the
authority granted by shareholders at the Company's Annual General
Meeting on 14 April 2016. These shares have been purchased as part
of the $300 million buy-back programme, the purpose for which is to
reduce the Company's share capital, as announced on 8 August 2016.
Details of the relevant purchase transactions are set out
below:
Description of Shares: Smith & Nephew Ordinary
Shares of US 20c each
------------------------------- ---------------------------
Number of Shares repurchased: 300,000
------------------------------- ---------------------------
Average price paid per Share: 1,245.0168p
------------------------------- ---------------------------
Highest price paid per Share: 1,252.0000p
------------------------------- ---------------------------
Lowest price paid per Share: 1,238.0000p
------------------------------- ---------------------------
Date of transaction: 26 September 2016
------------------------------- ---------------------------
Broker: J.P. Morgan Securities plc
------------------------------- ---------------------------
The Company intends to hold these shares in Treasury.
Following the purchase of these shares, the Company holds
26,510,555 of its shares in Treasury. The Company's issued share
capital, with one voting right per share consists of 886,943,150
Ordinary Shares of US20c each (excluding treasury shares). This is
the figure which should be used by shareholders as the denominator
when determining whether they are required to notify their interest
in, or a change to their interest in, the Company under the FCA's
Disclosure Guidance and Transparency Rules.
These purchases were made by J.P. Morgan Securities plc on
behalf of the Company and a full breakdown of the individual trades
is attached to this announcement.
http://www.rns-pdf.londonstockexchange.com/rns/8684K_-2016-9-26.pdf
This announcement is made in accordance with the requirements of
LR 12.4.6.
Susan Swabey
Company Secretary
Smith & Nephew plc
Tel: 01923 477320
This information is provided by RNS
The company news service from the London Stock Exchange
END
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