6-K 1 a5574a.htm DIRECTOR/PDMR SHAREHOLDING a5574a
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 24, 2023 
 
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
---                         ---
 
[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
---                         ---
[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
 
24 May 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.   PARTIAL VESTING OF CONDITIONAL SHARE AWARDS GRANTED UNDER THE GLOBAL SHARE PLAN 2020
 
On 22 May 2023 being the first business day post-vesting date, the following awards of US$0.20 ordinary shares (the "Shares") in Smith & Nephew plc (the "Company") partially vested under the Smith & Nephew Global Share Plan 2020.
 
i.     PARTIAL VESTING OF CONDITIONAL SHARE AWARDS GRANTED ON 21 MAY 2021:
 
The awards were granted under the Global Share Plan 2020 on 21 May 2021. One third of the Shares vested on 21 May 2022, a further third vested on 21 May 2023 and the final third will vest on 21 May 2024. A number of Shares were sold to cover taxation obligations arising on the vesting of the awards.
 
The following relates to the individual 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
 
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 Conditional Share Awards granted on 21 May 2021 under the Smith & Nephew Global Share Plan 2020.
 
Date of Transaction
2023 - 05 - 22
 
Place of Transaction
London Stock Exchange (XLON)
 
 
 
Name
(Position)
 
 
Status
 
Price (£)
 
Volume
 
Aggregated information
 
Total Ordinary Share Holding following the transaction*
Total Ordinary Share Holding as a % of the Company's ISC following the transaction*
 
Scott Schaffner
(President Sports Medicine)
 
PDMR
£12.795107
1,142 (of which 280 were sold and 862 retained)
 
N/A Single Transaction
 
60,064.98048
(including 1,927.12679 in ADS')
 
0.00684%
 
 
 
* including those held by Persons Closely Associated with the Director/PDMR. All figures in these columns are stated to 5 decimal places where applicable.
 
ii.   PARTIAL VESTING OF CONDITIONAL SHARE AWARDS GRANTED ON 12 AUGUST 2022:
 
The awards were granted under the Global Share Plan 2020 on 12 August 2022. One third of the Shares vested on 20 May 2023, a further third will vest on 20 May 2024 and the final third will vest on 20 May 2025. 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
 
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 Conditional Share Awards granted on 12 August 2022 under the Smith & Nephew Global Share Plan 2020.
 
Date of Transaction
2023 - 05 - 22
 
Place of Transaction
London Stock Exchange (XLON)
 
 
Name
(Position)
 
 
Status
 
Price (£)
 
Volume
 
Aggregated information
 
Total Ordinary Share Holding following the transaction*
Total Ordinary Share Holding as a % of the Company's ISC following the transaction*
 
Myra Eskes
(President APAC & Global Service)
 
PDMR
£12.795107
11,684 (of which 0 were sold and 11,684 retained)
 
N/A Single Transaction
 
73,705.97554
 
0.00840%
 
Elga Lohler
(Chief HR Officer)
 
PDMR
£12.795107
10,088 (of which 4,012 were sold and 6,076 retained)
 
N/A Single Transaction
 
150,759.19156 (including 3,015.00000 in ADS')
 
0.01718%
 
 
 
Vasant Padmanabhan
(President Research & Development)
 
PDMR
£12.795107
9,813 (of which 3,841 were sold and 5,972 retained)
 
N/A Single Transaction
 
106,325.13931
 
0.01211%
 
 
 
* 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.   SALE OF SHARES
 
 
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
Sale of ordinary shares.
 
Date of Transaction
2023 - 05 - 23
 
Place of Transaction
London Stock Exchange (XLON)
 
 
 
Name
(Position)
 
Status
 
Price (£)
 
Volume
 
Aggregated information
 
Total Ordinary Share Holding following the transaction*
Total Ordinary Share Holding as a % of the Company's ISC following the transaction*
 
Elga Lohler
(Chief HR Officer)
 
PDMR
 
12.729537
 
6,361.19156
N/A Single Transaction
 
144,398.00000 
(including 3,015.00000 in ADS')
 
0.01645%
 
 
* including those held by Persons Closely Associated with the Director/PDMR. All figures in these columns are stated to 5 decimal places where applicable.
 
Following the above transaction, the individual continues to maintain a shareholding in accordance with the Company's shareholding guidelines.
 
 
 
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.
 
 
Smith & Nephew Plc
(Registrant)
 
 
Date: May 24, 2023
 
 
By: /s/ Helen Barraclough
-----------------
                                                                                                                              Helen Barraclough
                                                                                                                      Company Secretary