Smith & Nephew Plc Transaction in Own Shares (9314E)
February 14 2018 - 12:10PM
UK Regulatory
TIDMSN.
RNS Number : 9314E
Smith & Nephew Plc
14 February 2018
14 February 2018
Smith & Nephew plc (the "Company")
Transaction in Own Shares
The Company today purchased 300,000 of its Ordinary Shares of US
20c each through J.P. Morgan Securities plc, in accordance with the
authority granted by shareholders at the Company's Annual General
Meeting on 6 April 2017. These shares were issued in connection
with employee share schemes in Quarter 4 2017 and have been
purchased as part of a programme to reduce the Company's share
capital, in order to keep it broadly constant, as announced on 12
February 2018. Details of the relevant purchase transactions are
set out below:
Description of Shares: Smith & Nephew Ordinary
Shares of US 20c each
------------------------------- ------------------------
Number of Shares repurchased: 300,000
------------------------------- ------------------------
Average price paid per
Share: 1,257.6023p
------------------------------- ------------------------
Highest price paid per
Share: 1,266.5000p
------------------------------- ------------------------
Lowest price paid per
Share: 1,243.5000p
------------------------------- ------------------------
Date of transaction: 14 February 2018
------------------------------- ------------------------
Broker: J.P Morgan Securities
plc
------------------------------- ------------------------
The Company intends to hold these shares in Treasury and then
cancel them.
Following the purchase of these shares, the Company holds
15,917,254 of its shares in Treasury. The Company's issued share
capital, with one voting right per share consists of 874,962,055
Ordinary Shares of US20c each (excluding treasury shares). This is
the figure which should be used by shareholders as the denominator
when determining whether they are required to notify their interest
in, or a change to their interest in, the Company under the FCA's
Disclosure Guidance and Transparency Rules.
These purchases were made by J.P Morgan Securities plc on behalf
of the Company and a full breakdown of the individual trades is
attached to this announcement.
http://www.rns-pdf.londonstockexchange.com/rns/9314E_-2018-2-14.pdf
This announcement is made in accordance with the requirements of
LR 12.4.6.
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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