Source - RNS
RNS Number : 7303F
Smith & Nephew Plc
19 May 2017
 

19 May 2017

Smith & Nephew plc (the "Company")

 

Transaction in Own Shares

 

The Company today purchased 300,000 of its Ordinary Shares of US 20¢ each through Merrill Lynch International, 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 1 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 15 May 2017. Details of the relevant purchase transactions are set out below:

 

Description of Shares:

Smith & Nephew Ordinary Shares of US 20¢ each

Number of Shares repurchased:

300,000

Average price paid per Share:

1,326.9799p

Highest price paid per Share:

1,333.0000p

Lowest price paid per Share:

1,319.0000p

Date of transaction:

19 May 2017

Broker:

Merrill Lynch International

 

The Company intends to hold these shares in Treasury.

 

Following the purchase of these shares, the Company holds 28,865,016 of its shares in Treasury. The Company's issued share capital, with one voting right per share consists of 875,218,893 Ordinary Shares of US20¢ 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 Merrill Lynch International 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/7303F_-2017-5-19.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 477320


This information is provided by RNS
The company news service from the London Stock Exchange
 
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