Smith & Nephew PLC 6-K, filed May 27, 2020
Smith & Nephew PLC (SNN)
About this 6-K
Smith & Nephew PLC filed this 6-K on May 27, 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
May 27, 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
--- ---
[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
27 May 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.
On 26 May 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.
PARTIAL VESTING ON 26 MAY 2020 OF CONDITIONAL SHARE AWARD MADE UNDER THE GLOBAL SHARE PLAN 2010:
The awards were granted under the Global Share Plan 2010 on 23 May 2019. One third of the shares vested on 26 May 2020, a further third will vest on 23 May 2021 and the final third will vest on 23 May 2022. A minimum number of ordinary shares were sold to cover taxation obligations arising on the vesting of the awards.
The following relates to all individuals included in this 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 Conditional Share Award granted on 23 May 2019 under the<br>Smith & Nephew Global Share Plan 2010. | |||||
| Date of<br>Transaction | 2020 -<br>05 - 26 | |||||
| Place<br>of Transaction | London<br>Stock Exchange (XLON) | |||||
| Name | Director/PDMR | Price (£) | Volume | Aggregated information | Total Share Holding following the transaction * | Total Share Holding as a % of the Company's ISC following the<br>transaction * |
| --- | --- | --- | --- | --- | --- | --- |
| Myra<br>Eskes | PDMR | 16.408234 | 8,566<br>(of which 0 were sold and 8,566 retained) | N/A<br>Single Transaction | 8,566<br>ordinary shares | 0.00097% |
| Simon<br>Fraser | PDMR | 16.408234 | 2,599<br>(of which 636 were sold and 1,963 retained) | N/A<br>Single Transaction | 1,963<br>ordinary shares | 0.00022% |
* including those held by Persons Closely Associated with the Director/PDMR. All figures in these columns are stated to 5 decimal places where applicable.
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: May 27, 2020
By: /s/ Susan Swabey
Susan Swabey
Company Secretary