TIDMSN.

RNS Number : 5054J

Smith & Nephew Plc

22 December 2020

SMITH & NEPHEW PLC

22 December 2020

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.

On 21 December 2020, the following award of US$0.20 ordinary shares (the "Shares") in Smith & Nephew plc (the "Company") was granted under the Smith & Nephew Global Share Plan 2020. The Award has been made in London and is based on the closing Share price on the London Stock Exchange on 12 August 2020 of GBP16.1150, which is the day prior to the date share awards were made to other participants.

   1.       PERFORMANCE SHARE AWARD GRANTED UNDER THE SMITH & NEPHEW GLOBAL SHARE PLAN 2020

There are performance conditions attached to the vesting of performance share awards. This award will vest on 21 December 2023, subject to the achievement of the performance conditions which are measured from 1 January 2020 to 31 December 2022 and were determined by the Remuneration Committee in February 2020. The participant will be required to hold the shares after tax, for a further period of two years to 21 December 2025. The number of shares subject to the above award is shown at target vesting. Should maximum vesting be achieved, the participant will receive 2x the number of shares shown below. The participant will receive an additional number of shares equivalent to the amount of dividend payable per vested share during the relevant performance period.

The following relates to all individuals included in this section:

 
 Reason for the notification 
 Initial notification        Initial notification 
  /Amendment 
                            ---------------------------------------------- 
 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          Smith & Nephew plc Ordinary Shares of USD 
  financial instrument,       0.20 each 
  type of instrument 
                            ---------------------------------------------- 
 Identification code         ISIN: GB0009223206 
                            ---------------------------------------------- 
 Nature of the transaction   Performance Share Award granted at target 
                              on 21 December 2020 under the Smith & Nephew 
                              Global Share Plan 2020. 
                            ---------------------------------------------- 
 Date of Transaction         2020 - 12 - 21 
                            ---------------------------------------------- 
 Place of Transaction        London Stock Exchange (XLON) 
                            ---------------------------------------------- 
 
 
                   Director / 
 Name               PDMR              Price (GBP)   Volume   Aggregated information 
 Anne-Francoise    Chief Financial 
  Nesmes            Officer           16.1150       21,363   N/A Single Transaction 
                  -----------------  ------------  -------  -----------------------

Vickie Reuben

Deputy Company Secretary

Smith & Nephew plc

Tel: +44 (0)1923 477410

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END

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December 22, 2020 04:00 ET (09:00 GMT)

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