Smith & Nephew Plc Transaction in Own Shares (2889S)

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RNS Number : 2889S

Smith & Nephew Plc

19 December 2016

19 December 2016

Smith & Nephew plc (the "Company")

Transaction in Own Shares

The Company today purchased 317,217 of its Ordinary Shares of US 20c each through Merrill Lynch International, in accordance with the authority granted by shareholders at the Company's Annual General Meeting on 14 April 2016. These shares were issued in connection with employee share schemes in Quarter 3 2016 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 13 December 2016. 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:    317,217 
-------------------------------  ---------------------------- 
 Average price paid per Share:    1,189.4136p 
-------------------------------  ---------------------------- 
 Highest price paid per Share:    1,195.0000p 
-------------------------------  ---------------------------- 
 Lowest price paid per Share:     1,177.0000p 
-------------------------------  ---------------------------- 
 Date of transaction:             19 December 2016 
-------------------------------  ---------------------------- 
 Broker:                          Merrill Lynch International 
-------------------------------  ---------------------------- 
 

The Company intends to hold these shares in Treasury.

Following the purchase of these shares, the Company holds 38,013,028 of its shares in Treasury. The Company's issued share capital, with one voting right per share consists of 875,761,344 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 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/2889S_-2016-12-19.pdf

This announcement is made in accordance with the requirements of LR 12.4.6.

Tony Llewellyn

Deputy Company Secretary

Smith & Nephew plc

Tel: [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

END

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December 19, 2016 12:17 ET (17:17 GMT)