Blueprint
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of
1934
November 16, 2018
Commission
File Number 001-14978
SMITH & NEPHEW
plc
(Registrant's
name)
15 Adam
Street
London, England WC2N 6LA
(Address
of registrant's principal executive offices)
[Indicate
by check mark whether the registrant files or will file
annual
reports
under cover Form 20-F or Form 40-F.]
Form
20-F
X
Form 40-F
---
---
[Indicate
by check mark if the registrant is submitting the Form 6-K
in
paper
as permitted by Regulation S-T Rule 101(b)(1).]
Yes
No X
---
---
[Indicate
by check mark if the registrant is submitting the Form 6-K
in
paper
as permitted by Regulation S-T Rule 101(b)(7).]
Yes
No X
---
---
[Indicate
by check mark whether by furnishing the information
contained
in this
Form, the registrant is also thereby furnishing information to
the
Commission
pursuant to Rule 12g3-2 (b) under the Securities Exchange Act
of
1934.]
Yes
No X
---
---
If
"Yes" is marked, indicate below the file number assigned to
the
registrant
in connection with Rule 12g3-2 (b) : 82- n/a.
16
November 2018
Smith & Nephew plc (the "Company")
Commencement of Quarterly Buy Back Programme
The
Company will now commence its Quarterly Buy Back programme of
669,869 of its Ordinary shares of US 20¢ each through J.P.
Morgan Securities plc (the "Buy Back Programme").
The
Company intends to hold these shares in Treasury and then cancel
them.
These
shares were used in connection with employee share schemes in
Quarter 3 2018 and will be purchased at the prevailing market
price.
The
purpose of this Buy Back programme is to reduce the share capital
of the Company, in order to keep it broadly constant. The maximum
pecuniary amount allocated to the Buy Back Programme is
£10,000,000 and the maximum number of shares that will be
purchased under the Buy Back Programme is 669,869. The Buy Back
Programme will commence on 19 November 2018 and will end no later
than 23 November 2018.
This
announcement is made in accordance with the Market Abuse Regulation
596/2014.
Susan
Swabey
Company
Secretary
Smith
& Nephew plc
Tel:
01923 477216
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned thereunto duly authorized.
Smith
& Nephew Plc
(Registrant)
Date: November
16, 2018
By: /s/
Susan Swabey
-----------------
Susan
Swabey
Company
Secretary