Smith & Nephew Plc Director/PDMR Shareholding (0809K)
03 Mai 2022 - 10:01AM
UK Regulatory
TIDMSN.
RNS Number : 0809K
Smith & Nephew Plc
03 May 2022
SMITH & NEPHEW PLC
3 May 2022
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 29 April 2022, the following awards of US$0.20 ordinary
shares (the "Shares") in Smith & Nephew plc (the "Company")
were granted under an award agreement to Deepak Nath. The awards
have been made in London and are based on the closing Share price
on the London Stock Exchange on 28 April 2022 of GBP13.12.
1. BUY-OUT AWARDS GRANTED UNDER AN AWARD AGREEMENT
As announced on 22 February 2022, Deepak Nath's buy-out awards
are in respect of outstanding incentives he forfeited upon leaving
his former company. All awards have been provided on a
like-for-like basis in terms of the value provided and their
performance and/or vesting periods. There has been no acceleration
of any of the below awards which remain subject to continued
employment, and none of the performance-based awards have been
replaced with a non-performance based award.
i. The Performance Awards granted are as follows: -
a) a Conditional Award over 127,461 Shares with a vesting date
of 9 November 2022. The vesting of this award is subject to the
performance conditions applicable to the performance stock award
over Siemens Healthineers AG ("SH") shares granted to the director
by SH on 9 November 2018;
b) a Conditional Award over 84,868 Shares with a vesting date of
8 November 2023. The vesting of this award is subject to the
performance conditions applicable to the performance stock award
over SH shares granted to the director by SH on 8 November
2019;
c) a Conditional Award over 97,360 Shares with a vesting date of
12 November 2024. The vesting of this award is subject to the
performance conditions applicable to the performance stock award
over SH shares granted to the director by SH on 13 November
2020;
The total number of the above shares to be granted under the
Performance Awards is 309,689 Shares.
ii. The Restricted Stock Unit ("RSU") Awards granted are as follows: -
a) a Conditional Award over 8,716 Shares with half of this
amount vesting date on 8 November 2022 and the remaining half
vesting on 8 November 2023;
b) a Conditional Award over 14,364 Shares with a third of this
amount vesting on 13 November 2022, a further third on 13 November
2023 and the final third on 13 November 2024;
c) a Conditional Award over 12,061 Shares with a quarter of this
amount vesting on 8 November 2022, the second quarter vesting on 8
November 2023, the third quarter vesting on 8 November 2024 and the
final quarter vesting on 8 November 2025;
The total number of shares to be granted under the above RSU
Awards is 35,141 Shares.
iii. The Incentive Awards granted are as follows: -
a) a Conditional Award over 26,529 Shares with a vesting date of 15 May 2022;
b) a Conditional Award over 70,378 Shares with a vesting date of 23 May 2022;
The total number of shares to be granted under thee above
Incentive Awards is 96,907 Shares.
The following notification summarises the awards made:
Reason for the notification
Initial notification Initial notification
/Amendment
------------------------------------------
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
Name Smith & Nephew plc
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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 Smith & Nephew plc Ordinary Shares of USD
financial instrument, 0.20 each
type of instrument
------------------------------------------
Identification code ISIN: GB0009223206
------------------------------------------
Nature of the transaction Buy-out awards granted on 29 April 2022
under an award agreement.
------------------------------------------
Date of Transaction 2022 - 04 - 29
------------------------------------------
Place of Transaction Grants took place outside a trading venue
------------------------------------------
Director Total Aggregated
Name (Position) / PDMR Award Classification Price (GBP) Volume information
Deepak Nath
(Chief Executive Performance N/A Single
Officer) Director Awards 13.12 309,689 Transaction
---------- ---------------------- ------------ -------- -------------
Deepak Nath
(Chief Executive N/A Single
Officer) Director RSU Awards 13.12 35,141 Transaction
---------- ---------------------- ------------ -------- -------------
Deepak Nath
(Chief Executive Incentive N/A Single
Officer) Director Awards 13.12 96,907 Transaction
---------- ---------------------- ------------ -------- -------------
Sarah Carne
Deputy Company Secretary
Smith & Nephew plc
Tel: +44 (0)1923 477100
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END
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