London, UK -- (MARKET WIRE) -- December 27, 2006 --NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
This form is intended for use by an issuer to make a RIS notification required by DR 3.1.4R(1).
(1) An issuer making a notification in respect of a transaction relating
to the shares or debentures of the issuer should complete boxes 1 to
16, 23 and 24.
(2) An issuer making a notification in respect of a derivative relating
the shares of the issuer should complete boxes 1 to 4, 6, 8,13, 14,
16, 23 and 24.
(3) An issuer making a notification in respect of options granted to a
director/person discharging managerial responsibilities should
complete boxes 1 to 3 and 17 to 24.
(4) An issuer making a notification in respect of a financial instrument
relating to the shares of the issuer (other than a debenture) should
complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.
Please complete all relevant boxes should in block capital letters.
1. Name of the issuer
Smith & Nephew plc
2. State whether the notification relates to (i) a transaction notified in accordance with DR 3.1.4R(1)(a); or
(ii) DR 3.1.4(R )(1)(b) a disclosure made in accordance with section 324 (as extended by section 328) of the Companies Act 1985; or
(iii) both (i) and (ii)
(ii)
3. Name of person discharging managerial responsibilities
Michael Frazzette
4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
N/A
5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest
Michael Frazzette
6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares
American Depositary Shares (ADSs) representing five ordinary shares of US$0.20 per share
7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
Bank of New York Nominees
8. State the nature of the transaction
Acquisition of ADSs
9. Number of shares, debentures or financial instruments relating to shares acquired
3,868 ADSs
10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
Less than 0.01%
11. Number of shares, debentures or financial instruments relating to shares disposed
....................................
12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
....................................
13. Price per share or value of transaction
US$51.70 per ADS
14. Date and place of transaction
22 December 2006
15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
19,340 Ordinary Shares of US$0.20 each. (3,868 ADSs)
16. Date issuer informed of transaction
22 December 2006
If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes
18. Period during which or date on which it can be exercised
19. Total amount paid (if any) for grant of the option
20. Description of shares or debentures involved (class and number)
21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise
22. Total number of shares or debentures over which options held following notification
23. Any additional information
ADSs awarded are in the form of Restricted Stock.
One ADS represents 5 Ordinary Shares
24. Name of contact and telephone number for queries
Phil Higgins -Assistant Company Secretary - 020 7960 2228
Name and signature of duly authorised officer of issuer responsible for making notification
Phil Higgins - Assistant Company Secretary
Date of notification
27 December 2006
END
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