Smith & Nephew Plc Transaction in Own Shares (8925F)

TIDMSN.

RNS Number : 8925F

Smith & Nephew Plc

22 May 2017

22 May 2017

Smith & Nephew plc (the "Company")

Transaction in Own Shares

The Company today purchased 259,746 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 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 20c each 
-------------------------------  ---------------------------- 
 Number of Shares repurchased:    259,746 
-------------------------------  ---------------------------- 
 Average price paid per Share:    1,332.3466p 
-------------------------------  ---------------------------- 
 Highest price paid per Share:    1,337.0000p 
-------------------------------  ---------------------------- 
 Lowest price paid per Share:     1,323.0000p 
-------------------------------  ---------------------------- 
 Date of transaction:             22 May 2017 
-------------------------------  ---------------------------- 
 Broker:                          Merrill Lynch International 
-------------------------------  ---------------------------- 
 

The Company intends to hold these shares in Treasury.

Following the purchase of these shares, the Company holds 29,124,762 of its shares in Treasury. The Company's issued share capital, with one voting right per share consists of 874,962,149 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/8925F_-2017-5-22.pdf

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

Vickie Reuben

Deputy Company Secretary

Smith & Nephew plc

Tel: [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

END

POSSEWFMEFWSEDI

(END) Dow Jones Newswires

May 22, 2017 12:39 ET (16:39 GMT)