Smiths Group PLC Director/PDMR Shareholding (4910L)

TIDMSMIN

RNS Number : 4910L

Smiths Group PLC

03 October 2016

3 OCTOBER 2016

SMITHS GROUP PLC

NOTIFICATION OF TRANSACTION OF DIRECTORS / PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR PERSONS CLOSELY ASSOCIATED

 
 1    Details of the person discharging managerial 
       responsibilities/person closely associated 
===  ======================================================================= 
 a)   Name                CHRISTOPHER MICHAEL O'SHEA 
===  ==================  =================================================== 
 
 2    Reason for the notification 
===  ======================================================================= 
 a)   Position/status     CHIEF FINANCIAL OFFICER / EXECUTIVE 
                           DIRECTOR 
===  ==================  =================================================== 
 b)   Initial             INITIAL NOTIFICATION 
       Notification 
       / Amendment 
===  ==================  =================================================== 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
===  ======================================================================= 
 a)   Name                SMITHS GROUP PLC 
===  ==================  =================================================== 
 b)   LEI                 213800MJL6IPZS3ASA11 
===  ==================  =================================================== 
 4    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 
===  ======================================================================= 
 a)   Description         ORDINARY SHARE 
       of the financial 
       instrument, 
       type of             ISIN GB00B1WY2338 
       instrument 
       Identification 
       code 
===  ==================  =================================================== 
 b)   Nature of           1. VESTING INTO NOMINEE ACCOUNT 
       the transaction     OF 37,371 SHARES PURSUANT TO THE 
                           FIRST TRANCHE OF THE BUY-OUT AWARD 
                           GRANTED ON JOINING THE COMPANY 
                           2. MARKET SALE OF 17,600 SHARES 
                           IN ORDER TO MEET INCOME TAX AND 
                           NATIONAL INSURANCE LIABILITIES ARISING 
                           FROM 1. ABOVE 
===  ==================  =================================================== 
 c)   Price(s)                              Price(s)             Volume(s) 
       and volume(s)        ==============  ===================  =========== 
                              1. Acquired        NIL                  37,371 
                            ==============  ===================  =========== 
                              2. Sold            GBP 14.532698        17,600 
                            ==============  ===================  =========== 
===  ==================  =================================================== 
 d)   Aggregated 
       information 
       - Aggregated         As shown in 4c) 
       volume 
       - Price 
===  ==================  =================================================== 
 e)   Date of             2016-09-30 
       the transaction 
===  ==================  =================================================== 
 f)   Place of            XLON (London) 
       the transaction 
===  ==================  =================================================== 
 g)   Additional          Mr O'Shea was granted a restricted 
       Information         stock award over 71,938 shares under 
                           the terms of the buyout arrangements 
                           agreed in respect of his appointment 
                           as Chief Financial Officer of the 
                           Company on 18 September 2015. 
                           On 30 September 2016 the first tranche 
                           of the award vested. In accordance 
                           with the terms of the award, the 
                           number of shares that vested comprised 
                           fifty percent of the initial award 
                           plus additional shares in respect 
                           of notional dividends thereon. The 
                           number of additional shares awarded 
                           in respect of the notional dividends 
                           has been calculated on the assumption 
                           that such additional shares were 
                           deemed to have been purchased with 
                           the dividends notionally paid in 
                           respect of the vested shares at 
                           the mid-market closing price of 
                           a share on the date of payment of 
                           each such dividend during the period 
                           of the award prior to vesting. 
                           Subject to the terms of the award, 
                           the balance of the shares comprising 
                           the award are expected to vest on 
                           or around 30 September 2017. 
===  ==================  =================================================== 
 

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October 03, 2016 05:11 ET (09:11 GMT)