29th Jun 2007 14:01
Smith & Nephew Plc29 June 2007 SMITH & NEPHEW PLC TRANSACTIONS IN OWN SHARES 29 JUNE 2007 Smith & Nephew plc (the "Company") announces that it has commenced anon-discretionary programme to buy back ordinary shares during the period whichcommences on 2 July 2007 and ends on 1 August 2007. The purchased shares will beheld as treasury shares. The buy back programme will be managed by an independent third party, whichmakes its trading decisions independently of, and uninfluenced by, the Company. Any acquisitions will be effected within certain pre-set parameters, and inaccordance with both the Company's general authority to repurchase shares andChapter 12 of the Listing Rules which requires that the maximum price paid belimited to no more than 5 per cent above the average market value for the sharesas derived from the London Stock Exchange Daily Official List for the fivebusiness days immediately prior to such purchase. The Company confirms that it currently has no unpublished price sensitiveinformation. Contact: Paul ChambersCompany [email protected]: 020 7401 7646 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Smith & Nephew