14 May 2010 17:27
SMITH & NEPHEW PLC
NOTIFICATION OF MAJOR INTERESTS IN SHARES
14 MAY 2010
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES | ||||||||||||||||
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: | Smith & Nephew PLC | |||||||||||||||
2 Reason for the notification (please tick the appropriate box or boxes): | ||||||||||||||||
An acquisition or disposal of voting rights | x | |||||||||||||||
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached |
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An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments |
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An event changing the breakdown of voting rights |
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Other (please specify): |
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3. Full name of person(s) subject to the notification obligation:
| Newton Investment Management Ltd | |||||||||||||||
4. Full name of shareholder(s) (if different from 3.):
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5. Date of the transaction and date on which the threshold is crossed or reached:
| 12/05/2010 | |||||||||||||||
6. Date on which issuer notified:
| 14/05/2010 | |||||||||||||||
7. Threshold(s) that is/are crossed or reached:
| Decrease from 5.01% to 4.99% | |||||||||||||||
8. Notified details: | ||||||||||||||||
A: Voting rights attached to shares
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Class/type of shares if possible using the ISIN CODE | Situation previous to the triggering transaction | Resulting situation after the triggering transaction | ||||||||||||||
Number of Shares | Number of Voting Rights | Number of shares | Number of voting rights | % of voting rights | ||||||||||||
Direct | Direct | Indirect | Direct | Indirect | ||||||||||||
Sedol 0922320 | 44,526,415 | 5.01% | N/A | N/A | 44,363,125 | N/A | 4.99% | |||||||||
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B: Qualifying Financial Instruments | ||||||||||||||||
Resulting situation after the triggering transaction
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Type of financial instrument | Expiration date | Exercise/ Conversion Period | Number of voting rights that may be acquired if the instrument is exercised/ converted.
| % of voting rights | ||||||||||||
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C: Financial Instruments with similar economic effect to Qualifying Financial Instruments | ||||||||||||||||
Resulting situation after the triggering transaction
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Type of financial instrument | Exercise price | Expiration date | Exercise/ Conversion period | Number of voting rights instrument refers to | % of voting rights
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| Nominal | Delta
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Total (A+B+C)
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Number of voting rights | Percentage of voting rights | |||||||||||||||
44,363,125 | 4.99% | |||||||||||||||
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: |
Newton Investment Management Limited hold these shares as a discretionary Investment Manager. |
Proxy Voting:
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10. Name of the proxy holder:
| N/A |
11. Number of voting rights proxy holder will cease to hold:
| N/A |
12. Date on which proxy holder will cease to hold voting rights:
| N/A |
13. Additional information:
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14. Contact name:
| Asif S Lalani |
15. Contact telephone number:
| 020 7163 5115 |
Susan Henderson
Company Secretary
020 7401 7646