Smith & Nephew Plc Transaction in Own Shares (1602F)
May 15 2017 - 7:54AM
UK Regulatory
TIDMSN.
RNS Number : 1602F
Smith & Nephew Plc
15 May 2017
15 May 2017
Smith & Nephew plc (the "Company")
Commencement of Quarterly Buy Back Programme
The Company will commence its Quarterly Buy Back programme of
959,746 of its Ordinary shares of US 20c each through Merrill Lynch
International (the "Buy Back Programme") this week.
The Company intends to hold these shares in Treasury and
subsequently cancel them.
These shares were used in connection with employee share schemes
in Quarter 1 2017 and will be purchased at the prevailing market
price.
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 GBP
14,000,000 and the maximum number of shares that will be purchased
under the Buy Back Programme is 959,746. The Buy Back Programme
will commence on 18 May 2017 and will end no later than 24 May
2017.
This announcement is made in accordance with the Market Abuse
Regulation 596/2014.
Vickie Reuben
Deputy Company Secretary
Smith & Nephew plc
Tel: 01923 477410
This information is provided by RNS
The company news service from the London Stock Exchange
END
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