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

 

March 12, 2018 

 

Commission File Number 001-14978






SMITH & NEPHEW plc

(Registrant's name)


 


15 Adam Street


London, England WC2N 6LA

(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

 

 

12 March 2018

 

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 9 March 2018 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. FINAL VESTING ON 9 MARCH 2018 OF 2015 EQUITY INCENTIVE AWARDS MADE UNDER THE SMITH & NEPHEW GLOBAL SHARE PLAN 2010:

 

The awards were granted under the Global Share Plan 2010 on 9 March 2015. One third of the shares vested on 9 March 2016, a further third vested on 9 March 2017 and the final third vested on 9 March 2018. A minimum number of Ordinary Shares were sold to cover taxation obligations arising on the vesting of the awards.  The number of shares acquired includes the dividend equivalent shares which participants receive on vested shares.

 

Name	Director/ Persons Discharging Managerial Responsibilities ("PDMR")	Number of Ordinary Shares acquired	Number of Ordinary Shares sold at £13.2565 per share	Shares Retained
Olivier Bohuon	Chief Executive Officer	13,497	6,367	7,130
Rodrigo Bianchi	PDMR	8,302	0	8,302
Bradley Cannon	PDMR	3,732	1,355	2,377
Elga Lohler	PDMR	3,145	1,354	1,791
Cathy O'Rourke	PDMR	2,617	914	1,703
Cyrille Petit	PDMR	5,725	2,701	3,024
Glenn Warner	PDMR	3,423	1,192	2,231

 

2. VESTING ON 9 MARCH 2018 OF 2015 PERFORMANCE SHARE AWARDS MADE UNDER THE SMITH & NEPHEW GLOBAL SHARE PLAN 2010: 

The awards were granted under the Global Share Plan 2010 on 9 March 2015 and as announced on 8 February 2018, vested at 54% of maximum and settled on 9 March 2018. A minimum number of Ordinary Shares were sold to cover taxation obligations arising on the vesting of the awards.  The number of shares acquired includes the dividend equivalent shares which participants receive on vested shares.

 

 

Name	Director/PDMR	Number of Ordinary Shares acquired	Number of Ordinary Shares sold at £13.2565 per share	Shares Retained
Olivier Bohuon	Chief Executive Officer	75,532	35,625	39,907
Rodrigo Bianchi	PDMR	22,759	0	22,759
Bradley Cannon	PDMR	10,744	3,899	6,845
Elga Lohler	PDMR	8,151	3,509	4,642
Cathy O'Rourke	PDMR	6,780	2,365	4,415
Cyrille Petit	PDMR	18,543	8,746	9,797
Glenn Warner	PDMR	19,010	6,611	12,399

 

 

 

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name		Olivier Bohuon
2	Reason for the notification
a)	Position/status		Chief Executive Officer
b)	Initial notification /Amendment		Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name		Smith & Nephew plc
b)	LEI		213800ZTMDN8S67S1H61
4	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
Date of Transaction		Financial Instrument		Identification Code	Place of Transaction	Currency
2018 - 03 - 09		Smith & Nephew plc Ordinary Shares of USD 0.20 each		ISIN: GB0009223206	London Stock Exchange	GBP - British Pound
Nature of Transaction: Final vesting of Equity Incentive Awards granted on 9 March 2015 under the Smith & Nephew Global Share Plan 2010				Price	Volume	Total
				£13.2565	13,497	£178,922.9805
		Aggregated		Single Transaction  N/A	Single Transaction  N/A	Single Transaction  N/A
Date of Transaction		Financial Instrument		Identification Code	Place of Transaction	Currency
2018 - 03 - 09		Smith & Nephew plc Ordinary Shares of USD 0.20 each		ISIN: GB0009223206	London Stock Exchange	GBP - British Pound
Nature of Transaction: Vesting of Smith & Nephew Global Share Plan 2010 Performance Share Awards granted on 9 March 2015				Price	Volume	Total
				£13.2565	75,532	£1,001.289.9580
		Aggregated		Single Transaction  N/A	Single Transaction  N/A	Single Transaction  N/A

 

 

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name		Rodrigo Bianchi
2	Reason for the notification
a)	Position/status		PDMR
b)	Initial notification /Amendment		Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name		Smith & Nephew plc
b)	LEI		213800ZTMDN8S67S1H61
4	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
Date of Transaction		Financial Instrument		Identification Code	Place of Transaction	Currency
2018 - 03 - 09		Smith & Nephew plc Ordinary Shares of USD 0.20 each		ISIN: GB0009223206	London Stock Exchange	GBP - British Pound
Nature of Transaction: Final vesting of Equity Incentive Awards granted on 9 March 2015 under the Smith & Nephew Global Share Plan 2010				Price	Volume	Total
				£13.2565	8,302	£110,055.4630
		Aggregated		Single Transaction  N/A	Single Transaction  N/A	Single Transaction  N/A
Date of Transaction		Financial Instrument		Identification Code	Place of Transaction	Currency
2018 - 03 - 09		Smith & Nephew plc Ordinary Shares of USD 0.20 each		ISIN: GB0009223206	London Stock Exchange	GBP - British Pound
Nature of Transaction: Vesting of Smith & Nephew Global Share Plan 2010 Performance Share Awards granted on 9 March 2015				Price	Volume	Total
				£13.2565	22,759	£301,704.6835
		Aggregated		Single Transaction  N/A	Single Transaction  N/A	Single Transaction  N/A

 

 

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name		Bradley Cannon
2	Reason for the notification
a)	Position/status		PDMR
b)	Initial notification /Amendment		Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name		Smith & Nephew plc
b)	LEI		213800ZTMDN8S67S1H61
4	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
Date of Transaction		Financial Instrument		Identification Code	Place of Transaction	Currency
2018 - 03 - 09		Smith & Nephew plc Ordinary Shares of USD 0.20 each		ISIN: GB0009223206	London Stock Exchange	GBP - British Pound
Nature of Transaction: Final vesting of Equity Incentive Awards granted on 9 March 2015 under the Smith & Nephew Global Share Plan 2010				Price	Volume	Total
				£13.2565	3,732	£49,473.2580
		Aggregated		Single Transaction  N/A	Single Transaction  N/A	Single Transaction  N/A
Date of Transaction		Financial Instrument		Identification Code	Place of Transaction	Currency
2018 - 03 - 09		Smith & Nephew plc Ordinary Shares of USD 0.20 each		ISIN: GB0009223206	London Stock Exchange	GBP - British Pound
Nature of Transaction: Vesting of Smith & Nephew Global Share Plan 2010 Performance Share Awards granted on 9 March 2015				Price	Volume	Total
				£13.2565	10,744	£142,427.8360
		Aggregated		Single Transaction  N/A	Single Transaction  N/A	Single Transaction  N/A

 

 

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name		Elga Lohler
2	Reason for the notification
a)	Position/status		PDMR
b)	Initial notification /Amendment		Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name		Smith & Nephew plc
b)	LEI		213800ZTMDN8S67S1H61
4	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
Date of Transaction		Financial Instrument		Identification Code	Place of Transaction	Currency
2018 - 03 - 09		Smith & Nephew plc Ordinary Shares of USD 0.20 each		ISIN: GB0009223206	London Stock Exchange	GBP - British Pound
Nature of Transaction: Final vesting of Equity Incentive Awards granted on 9 March 2015 under the Smith & Nephew Global Share Plan 2010				Price	Volume	Total
				£13.2565	3,145	£41,691.6925
		Aggregated		Single Transaction  N/A	Single Transaction  N/A	Single Transaction  N/A
Date of Transaction		Financial Instrument		Identification Code	Place of Transaction	Currency
2018 - 03 - 09		Smith & Nephew plc Ordinary Shares of USD 0.20 each		ISIN: GB0009223206	London Stock Exchange	GBP - British Pound
Nature of Transaction: Vesting of Smith & Nephew Global Share Plan 2010 Performance Share Awards granted on 9 March 2015				Price	Volume	Total
				£13.2565	8,151	£108,053.7315
		Aggregated		Single Transaction  N/A	Single Transaction  N/A	Single Transaction  N/A

 

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name		Cathy O'Rourke
2	Reason for the notification
a)	Position/status		PDMR
b)	Initial notification /Amendment		Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name		Smith & Nephew plc
b)	LEI		213800ZTMDN8S67S1H61
4	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
Date of Transaction		Financial Instrument		Identification Code	Place of Transaction	Currency
2018 - 03 - 09		Smith & Nephew plc Ordinary Shares of USD 0.20 each		ISIN: GB0009223206	London Stock Exchange	GBP - British Pound
Nature of Transaction: Final vesting of Equity Incentive Awards granted on 9 March 2015 under the Smith & Nephew Global Share Plan 2010				Price	Volume	Total
				£13.2565	2,617	£34,692.2605
		Aggregated		Single Transaction  N/A	Single Transaction  N/A	Single Transaction  N/A
Date of Transaction		Financial Instrument		Identification Code	Place of Transaction	Currency
2018 - 03 - 09		Smith & Nephew plc Ordinary Shares of USD 0.20 each		ISIN: GB0009223206	London Stock Exchange	GBP - British Pound
Nature of Transaction: Vesting of Smith & Nephew Global Share Plan 2010 Performance Share Awards granted on 9 March 2015				Price	Volume	Total
				£13.2565	6,780	£89,879.0700
		Aggregated		Single Transaction  N/A	Single Transaction  N/A	Single Transaction  N/A

 

 

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name		Cyrille Petit
2	Reason for the notification
a)	Position/status		PDMR
b)	Initial notification /Amendment		Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name		Smith & Nephew plc
b)	LEI		213800ZTMDN8S67S1H61
4	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
Date of Transaction		Financial Instrument		Identification Code	Place of Transaction	Currency
2018 - 03 - 09		Smith & Nephew plc Ordinary Shares of USD 0.20 each		ISIN: GB0009223206	London Stock Exchange	GBP - British Pound
Nature of Transaction: Final vesting of Equity Incentive Awards granted on 9 March 2015 under the Smith & Nephew Global Share Plan 2010				Price	Volume	Total
				£13.2565	5,725	£75,893.4625
		Aggregated		Single Transaction  N/A	Single Transaction  N/A	Single Transaction  N/A
Date of Transaction		Financial Instrument		Identification Code	Place of Transaction	Currency
2018 - 03 - 09		Smith & Nephew plc Ordinary Shares of USD 0.20 each		ISIN: GB0009223206	London Stock Exchange	GBP - British Pound
Nature of Transaction: Vesting of Smith & Nephew Global Share Plan 2010 Performance Share Awards granted on 9 March 2015				Price	Volume	Total
				£13.2565	18,543	£245,815.2795
		Aggregated		Single Transaction  N/A	Single Transaction  N/A	Single Transaction  N/A

 

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name		Glenn Warner
2	Reason for the notification
a)	Position/status		PDMR
b)	Initial notification /Amendment		Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name		Smith & Nephew plc
b)	LEI		213800ZTMDN8S67S1H61
4	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
Date of Transaction		Financial Instrument		Identification Code	Place of Transaction	Currency
2018 - 03 - 09		Smith & Nephew plc Ordinary Shares of USD 0.20 each		ISIN: GB0009223206	London Stock Exchange	GBP - British Pound
Nature of Transaction: Final vesting of Equity Incentive Awards granted on 9 March 2015 under the Smith & Nephew Global Share Plan 2010				Price	Volume	Total
				£13.2565	3,423	£45,376.9995
		Aggregated		Single Transaction  N/A	Single Transaction  N/A	Single Transaction  N/A
Date of Transaction		Financial Instrument		Identification Code	Place of Transaction	Currency
2018 - 03 - 09		Smith & Nephew plc Ordinary Shares of USD 0.20 each		ISIN: GB0009223206	London Stock Exchange	GBP - British Pound
Nature of Transaction: Vesting of Smith & Nephew Global Share Plan 2010 Performance Share Awards granted on 9 March 2015				Price	Volume	Total
				£13.2565	19,010	£252,006.0650
		Aggregated		Single Transaction  N/A	Single Transaction  N/A	Single Transaction  N/A

 

 

 

 

 

 

Vickie Reuben

Deputy Company Secretary

Smith & Nephew plc

 

Tel:  01923 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: March 12, 2018

 

 

By: /s/ Susan Swabey

-----------------

                                                                                                                              Susan Swabey

                                                                                                                      Company Secretary