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
February 21, 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
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---
If
"Yes" is marked, indicate below the file number assigned to
the
registrant
in connection with Rule 12g3-2 (b) : 82- n/a.
21 February 2020
Commencement of Quarterly Buy Back Programme
Smith & Nephew plc (the "Company") will now commence its
Quarterly Buy Back Programme of 649,529 of its ordinary shares of
US 20¢ each (the "Buy Back Programme") and has entered into an
agreement with Merrill Lynch International ('MLI') under which it
has issued an irrevocable instruction to MLI to manage the Buy Back
Programme.
The Company intends to hold these shares in Treasury and then
cancel them.
These shares were used in connection with employee share schemes in
Quarter 4 2019.
The purpose of this Buy Back Programme is to reduce the share
capital of the Company, in order to keep it broadly constant. The
maximum pecuniary amount allocated to the Buy Back Programme is
£14,000,000 and the maximum number of shares that will be
purchased under the Buy Back Programme is 649,529. The Buy Back
Programme will commence on 24 February 2020 and will end no later
than 27 February 2020.
This announcement is made in accordance with Chapter 12 of the UKLA
Listing Rules and Market Abuse Regulation 596/2014.
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: February
21, 2020
By: /s/
Susan Swabey
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Susan
Swabey
Company
Secretary