Smith & Nephew PLC 6-K, filed Nov 16, 2020
Smith & Nephew PLC (SNN)
About this 6-K
Smith & Nephew PLC filed this 6-K on November 16, 2020.
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
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[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
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[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
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[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<br>notification /Amendment | Initial<br>notification | |||||
| Details of the issuer, emission allowance market participant,<br>auction platform, auctioneer or auction monitor | ||||||
| Name | Smith<br>& Nephew plc | |||||
| LEI | 213800ZTMDN8S67S1H61 | |||||
| Details of the transaction(s): section to be repeated for (i) each<br>type of instrument; (ii) each type of transaction; (iii) each date;<br>and (iv) each place where transactions have been<br>conducted | ||||||
| Description<br>of the financial instrument, type of instrument | Smith<br>& Nephew plc ordinary shares of USD 0.20 each | |||||
| Identification<br>code | ISIN:<br>GB0009223206 | |||||
| Nature<br>of the transaction | Vesting<br>of a Conditional Share Award granted on 13 November 2017 under the<br>Smith & Nephew Global Share Plan 2010. | |||||
| Date of<br>Transaction | 2020 -<br>11 - 13 | |||||
| Place<br>of Transaction | London<br>Stock Exchange (XLON) | |||||
| Name | Director / PDMR | Price (£) | Volume | Aggregated information | Total Ordinary Share Holding following the transaction<br>* | Total Ordinary Share Holding as a % of the Company's ISC following<br>the transaction * |
| --- | --- | --- | --- | --- | --- | --- |
| Phil<br>Cowdy | PDMR | 14.7085 | 18,673<br>(of which 8,808 were sold and 9,865 retained) | N/A<br>Single Transaction | 40,913.19975<br>ordinary shares | 0.00462% |
| Elga<br>Lohler | PDMR | 14.7085 | 21,710<br>(of which 8,573 were sold and 13,137 retained) | N/A<br>Single Transaction | 89,355.00000<br>ordinary shares | 0.01010% |
| Vasant<br>Padmanabhan | PDMR | 14.7085 | 25,673<br>(of which 7,536 were sold and 18,137 retained) | N/A<br>Single Transaction | 45,289.00000<br>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<br>notification /Amendment | Initial<br>notification | |||||
| Details of the issuer, emission allowance market participant,<br>auction platform, auctioneer or auction monitor | ||||||
| Name | Smith<br>& Nephew plc | |||||
| LEI | 213800ZTMDN8S67S1H61 | |||||
| Details of the transaction(s): section to be repeated for (i) each<br>type of instrument; (ii) each type of transaction; (iii) each date;<br>and (iv) each place where transactions have been<br>conducted | ||||||
| Description<br>of the financial instrument, type of instrument | Smith<br>& Nephew plc ordinary shares of USD 0.20 each | |||||
| Identification<br>code | ISIN:<br>GB0009223206 | |||||
| Nature<br>of the transaction | Partial<br>vesting of a Conditional Share Award granted on 13 November 2018<br>under the Smith & Nephew Global Share Plan 2010. | |||||
| Date of<br>Transaction | 2020 -<br>11 - 13 | |||||
| Place<br>of Transaction | London<br>Stock Exchange (XLON) | |||||
| Name | Director / PDMR | Price (£) | Volume | Aggregated information | Total Ordinary Share Holding following the transaction<br>* | Total Ordinary Share Holding as a % of the Company's ISC following<br>the transaction * |
| --- | --- | --- | --- | --- | --- | --- |
| Skip<br>Kiil | PDMR | 14.7085 | 18,345<br>(of which 6,251 were sold and 12,094 retained) | N/A<br>Single Transaction | 15,706.53744<br>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