Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
November 13 2023 - 8:10AM
Edgar (US Regulatory)
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 10, 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
10 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.
VESTING OF RESTRICTED STOCK UNIT AWARDS GRANTED
UNDER THE AWARD AGREEMENT DATED 29 APRIL 2022
In line with the announcement published on 3 May 2022, certain
Restricted Stock Unit Awards of US$0.20 ordinary shares (the
"Shares") in Smith & Nephew plc (the "Company") granted to
Deepak Nath vested on 8 November 2023. These
Restricted Stock Unit Awards formed part of the buy-out awards
granted in respect of outstanding incentives Deepak Nath forfeited
upon leaving his former company.
i. PARTIAL
AND FINAL VESTING ON 8 NOVEMBER 2023 OF A RESTRICTED STOCK
UNIT AWARD:
A Restricted Stock Unit Award of 8,716 shares was granted to Deepak
Nath on 29 April 2022. One half of these shares (4,358 shares)
vested on 8 November 2022 and the remaining half vested on 8
November 2023. 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 vested on 8 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
and final vesting of a Restricted Stock Unit Award granted on 29
April 2022 under the award agreement.
|
|
Date of
Transaction
|
2023 -
11 - 08
|
|
Place
of Transaction
|
London
Stock Exchange (XLON)
|
|
Name(Position)
|
Status
|
Price (£)
|
Volume
|
Aggregated information
|
|
Deepak
Nath
(Chief
Executive Officer)
|
Director
|
9.878
|
4,358
(of which 1,771 shares were sold to cover taxes due and 2,587
shares retained)
|
N/A
Single Transaction
|
ii. PARTIAL VESTING
ON 8 NOVEMBER 2023 OF A RESTRICTED STOCK UNIT
AWARD:
A Restricted Stock Unit Award of 12,061 shares was granted to
Deepak Nath on 29 April 2022. One quarter of these shares (3,015
shares) vested on 8 November 2022, a second quarter has vested on 8
November 2023, a third quarter will vest on 8 November 2024 and the
final quarter will vest on 8 November 2025. 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 vested on 8 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 - 08
|
|
Place
of Transaction
|
London
Stock Exchange (XLON)
|
|
Name(Position)
|
Status
|
Price (£)
|
Volume
|
Aggregated information
|
|
Deepak
Nath
(Chief
Executive Officer)
|
Director
|
9.878
|
3,015
(of which 1,225 shares were sold to cover taxes due and 1,790
shares 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.
Smith
& Nephew Plc
(Registrant)
Date: November
10, 2023
By: /s/
Helen Barraclough
-----------------
Helen
Barraclough
Company
Secretary
Smith and Nephew (PK) (USOTC:SNNUF)
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