UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 under the
Securities Exchange Act of 1934
August
16, 2024
Commission
File Number 001-14978
SMITH & NEPHEW plc
(Registrant’s
name)
Building 5, Croxley Park, Hatters Lane
Watford, England, WD18 8YE
(Address
of principal executive office)
Indicate
by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Form
20-F a
Form 40-F
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SMITH
& NEPHEW PLC
16
August 2024
NOTIFICATION
AND PUBLIC DISCLOSURE IN ACCORDANCE WITH THE REQUIREMENTS OF THE
MARKET ABUSE REGULATION OF TRANSACTIONS BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES ("PDMR") AND PERSONS CLOSELY ASSOCIATED
WITH THEM.
In
accordance with the Directors' Remuneration Policy 2024 (the
"Policy"), the Company has granted the following awards to Deepak
Nath, CEO:
●
An increase in the
number of shares awarded under the Performance Share Programme
("PSP") 2024 of 27,520 USD 0.20 ordinary shares on the same terms
and conditions, including performance conditions, as the PSP award
granted on 8 March 2024.
●
An RSP award of
131,517 USD 0.20 ordinary shares which will normally vest in three
equal tranches over a three-year period, contingent on a reasonable
judgement underpin being met as determined by the Remuneration
Committee.
Further
details of these awards are set out below.
PSP 2024 - 2026 awards: In accordance with the Policy,
the Company has made a grant of an increased level of
Performance Share Plan awards shown in the table below which will
vest on 8 March 2027, subject to the achievement of the performance
conditions which are measured over the period 1 January 2024 to 31
December 2026. Participants will receive an additional number of
shares equivalent to the amount of dividend payable per vested
share during the relevant performance period.
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Reason for the notification
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Initial
notification /Amendment
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Initial
notification
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Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
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Name
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Smith
& Nephew plc
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LEI
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213800ZTMDN8S67S1H61
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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
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Description
of the financial instrument, type of instrument
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Smith
& Nephew plc Ordinary Shares of USD 0.20 each
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Identification
code
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ISIN:
GB0009223206
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Nature
of the transaction
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Performance
Share Awards granted on 16 August 2024 under the Smith & Nephew
Global Share Plan 2020.
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Date of
Transaction
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2024 -
08 - 16
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Place
of Transaction
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Grant
took place outside a trading venue
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Name
(Position)
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Status
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Price (s)
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Volume(s)*
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Aggregated information
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Deepak
Nath
(Chief
Executive Officer)
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Director
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£10.875
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27,520
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N/A
Single Transaction
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* The
number of shares assuming a maximum vesting is shown.
Restricted Share Plan 2024 awards: In accordance with
the Policy, the Company has made a grant of the awards shown in the
table below which will vest in three equal tranches on the first,
second and third anniversary of the award, contingent on a
reasonable judgement underpin being met as determined by the
Remuneration Committee. Participants will receive an additional
number of shares equivalent to the amount of dividend payable per
vested share during the relevant vesting period.
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Reason for the notification
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Initial
notification /Amendment
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Initial
notification
|
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Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
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Name
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Smith
& Nephew plc
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|
LEI
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213800ZTMDN8S67S1H61
|
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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 financial instrument, type of instrument
|
Smith
& Nephew plc Ordinary Shares of USD 0.20 each
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Identification
code
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ISIN:
GB0009223206
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Nature
of the transaction
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Award
granted on 16 August 2024 under the Smith & Nephew plc
Restricted Share Plan 2024.
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Date of
Transaction
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2024 -
08 - 16
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Place
of Transaction
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Grant
took place outside a trading venue
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Name
(Position)
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Status
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Price (s)*
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Volume(s)
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Aggregated information
|
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Deepak
Nath
(Chief
Executive Officer)
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Director
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£11.7010
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131,517
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N/A
Single Transaction
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* The
award share price has been determined using the average closing
share price over the period 1 August to 14 August
2024.
Helen
Barraclough
Company
Secretary
Smith
& Nephew plc
Tel:
+44 (0)1923 477100
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.
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Smith & Nephew plc
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(Registrant)
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Date:
August 16, 2024
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By:
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/s/
Helen Barraclough
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Helen
Barraclough
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Company
Secretary
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