TIDMSN.

RNS Number : 7940X

Smith & Nephew Plc

22 December 2023

SMITH & NEPHEW PLC

22 December 2023

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 2023, the following award of US$0.20 ordinary shares (the "Shares") in Smith & Nephew plc (the "Company") vested under an award agreement to Deepak Nath.

VESTING OF A PERFORMANCE AWARD GRANTED UNDER THE AWARD AGREEMENT DATED 29 APRIL 2022

As set out in the announcement published on 3 May 2022, a Performance Award over 84,868 shares was granted to Deepak Nath with an expected vest date of 8 November 2023. The vest of this award was subject to the performance conditions applicable to the performance stock award over Siemens Healthineers AG ("SH") shares originally granted to Mr Nath by SH on 8 November 2019.

In accordance with the terms of the award agreement, the expected vest date of 8 November 2023 was delayed so that the applicable performance criteria attaching to the Performance Award could be measured against the financial results of SH which were announced on 8 November 2023. It has been determined that, following completion of the performance measurement period, 99.98% of the award vests. 84,855 shares were therefore available for vest with the remaining balance of shares, 13, lapsing with immediate effect.

 
 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 
  financial instrument,       USD 0.20 each 
  type of instrument 
                            ------------------------------------------ 
 Identification code         ISIN: GB0009223206 
                            ------------------------------------------ 
 Nature of the transaction   Vest of a Performance Award granted on 
                              29 April 2022 under the award agreement. 
                            ------------------------------------------ 
 Date of Transaction         2023 - 12 - 21 
                            ------------------------------------------ 
 Place of Transaction        London Stock Exchange (XLON) 
                            ------------------------------------------ 
 
 
 Name                                                          Aggregated 
  (Position)           Status   Price (GBP)   Volume            information 
 Deepak Nath         Director   10.6125       84,855 (of       N/A Single 
  (Chief Executive                             which 34,479     Transaction 
  Officer)                                     shares were 
                                               sold to cover 
                                               taxes due 
                                               and 50,376 
                                               shares were 
                                               retained) 
                    ---------  ------------  ---------------  -------------

Sarah Carne

Deputy Company Secretary

Smith & Nephew plc

Tel: +44 (0)1923 477100

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END

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December 22, 2023 05:36 ET (10:36 GMT)

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