Smith & Nephew PLC 6-K, filed Nov 14, 2023
Smith & Nephew PLC (SNN)
6-K
2023-11-14
For: 2023-11-14
View Original
Added on
April 07, 2026
About this 6-K
Smith & Nephew PLC filed this 6-K on November 14, 2023.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 under the
Securities Exchange Act of 1934
November
14, 2023
Commission
File Number 001-14978
SMITH & NEPHEW plc
(Registrant’s
name)
Building 5, Croxley Park, Hatters Lane
Watford, England, WD18 8YE
(Address
of principal executive office)
Indicate
by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Form
20-F a
Form 40-F
__
SMITH & NEPHEW PLC
14 November 2023
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.
1. VESTING OF SHARE AWARDS UNDER THE GLOBAL SHARE PLAN
2020
The following awards of US$0.20 ordinary shares (the "Shares") in
Smith & Nephew plc (the "Company") vested on 13 November 2023,
being the first business day post vesting date, under the Smith
& Nephew Global Share Plan 2020.
i. PARTIAL
VESTING OF CONDITIONAL SHARE AWARDS MADE UNDER THE GLOBAL SHARE
PLAN 2020:
The awards were granted under the Global Share Plan 2020 on 12
November 2021. One third of the Shares vested on 14 November 2022,
a further third has now vested on 13 November 2023 and the final
third will vest on 12 November 2024. 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
|
|
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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 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 12 November
2021 under the Smith & Nephew Global Share Plan
2020.
|
|
Date of Transaction
|
2023 - 11 - 13
|
|
Place of Transaction
|
London Stock Exchange (XLON)
|
|
Name
(Position)
|
Status
|
Price (£)
|
Volume
|
Aggregated information
|
|
Paul Connolly
(President, Global Operations)
|
PDMR
|
10.010912
|
10,290 (of which 3,061 shares were sold to cover taxes due and
7,229 shares were retained)
|
N/A Single Transaction
|
|
Mizanu Kebede
(Chief Quality and Regulatory Affairs Officer)
|
PDMR
|
10.010912
|
5,049 (of which 1,567 shares were sold to cover taxes due and 3,482
shares were retained)
|
N/A Single Transaction
|
2.
VESTING OF A RESTRICTED STOCK UNIT AWARD GRANTED
UNDER THE AWARD AGREEMENT DATED 29 APRIL 2022
In line with the announcement published on 3 May 2022, a Restricted
Stock Unit Award of US$0.20 ordinary shares (the "Shares") in Smith
& Nephew plc (the "Company") granted to Deepak Nath vested on
13 November 2023. This
Restricted Stock Unit Award formed part of the buy-out awards
granted in respect of outstanding incentives Deepak Nath forfeited
upon leaving his former company.
i. PARTIAL VESTING
OF A RESTRICTED STOCK UNIT AWARD:
A Restricted Stock Unit Award of 14,364 shares was granted to
Deepak Nath on 29 April 2022. One third of these shares (4,788
shares) vested on 13 November 2022, a further third has now vested
on 13 November 2023 and the final third will vest on 13 November
2024. A number of shares were sold to cover taxation obligations
arising on the vesting of the award.
The following relates to the individual included in the below
notification in respect of the award that has vested on 13 November
2023:
|
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 Restricted Stock Unit Award granted on 29
April 2022 under the award agreement.
|
|
Date of Transaction
|
2023 - 11 - 13
|
|
Place of Transaction
|
London Stock Exchange (XLON)
|
|
Name
(Position)
|
Status
|
Price (£)
|
Volume
|
Aggregated information
|
|
Deepak Nath
(Chief Executive Officer)
|
Director
|
10.010912
|
4,788 (of which 1,961 shares were sold to cover taxes due and 2,827
shares were retained)
|
N/A Single Transaction
|
Sarah Carne
Deputy Company Secretary
Smith & Nephew plc
Tel: +44 (0)1923 477100
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.
|
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Smith & Nephew plc
|
|
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|
(Registrant)
|
|
|
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Date:
November 14, 2023
|
By:
|
/s/
Helen Barraclough
|
|
|
|
Helen
Barraclough
|
|
|
|
Company
Secretary
|