Smith & Nephew: Bank of America stake now 2.89%

Q: What change in major shareholding did Smith & Nephew plc (SNN) disclose?

Smith & Nephew plc disclosed that a holder within the Bank of America group reported a total holding of 2.888834% of voting rights, down from a previously notified 3.172736%. This includes voting rights attached to shares and via financial instruments.

Q: What percentage of Smith & Nephew (SNN) voting rights are held via shares vs financial instruments?

The notifying holder has 2.461592% of Smith & Nephew’s voting rights attached to shares and 0.427242% through financial instruments, for a combined total of 2.888834% of voting rights in the company.

Q: How many Smith & Nephew (SNN) voting rights does the notifying holder control?

The notifying holder controls a total of 24,191,594 voting rights in Smith & Nephew plc at the time the threshold was crossed or reached, combining voting rights from shares and from financial instruments.

Q: What is the role of Bank of America Corporation in this Smith & Nephew (SNN) TR-1 filing?

Bank of America Corporation is listed as the ultimate controlling person in a full chain of controlled undertakings, including Bank of America, National Association, BofA Securities, Inc., and U.S. Trust Co of Delaware, through which voting rights and financial instruments are effectively held.

Q: Which Smith & Nephew (SNN) security is referenced for direct voting rights in this notice?

Direct voting rights relate to shares with ISIN US83175M2052, with 20,613,790 indirect voting rights attached to these shares, corresponding to 2.461592% of Smith & Nephew’s voting rights.

Q: What types of financial instruments over Smith & Nephew (SNN) are included in the TR-1 notification?

The notification lists a Right to Recall instrument over 257,850 voting rights (0.030791%) and several cash-settled swaps plus a put option over a combined 3,319,954 voting rights (0.396451%) with expiries between 2027 and 2030.

Smith & Nephew plc (SNN) reports a TR-1 notification of major holdings from a holder within the Bank of America group.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

6-K

Rhea-AI Filing Summary

Smith & Nephew plc (SNN) reports a TR-1 notification of major holdings from a holder within the Bank of America group. As of the threshold date, this holder had 2.461592% of Smith & Nephew’s voting rights attached to shares and 0.427242% through financial instruments, for a total of 2.888834%, representing 24,191,594 voting rights. This total compares with a previously notified position of 3.172736%. Voting rights attached to shares are held via ISIN US83175M2052, and additional exposure is held through rights to recall and various cash-settled swaps and a put option with expiries between 2027 and 2030.

Key Figures

Total voting rights held: 24,191,594 voting rights % of voting rights attached to shares: 2.461592% % of voting rights through financial instruments: 0.427242% +5 more

8 metrics

Total voting rights held 24,191,594 voting rights Resulting situation when the threshold was crossed or reached

% of voting rights attached to shares 2.461592% Resulting situation on threshold date (section 7 and 8.A)

% of voting rights through financial instruments 0.427242% Resulting situation on threshold date (section 7, 8.B1 and 8.B2)

Total % of voting rights 2.888834% Combined voting rights from shares and financial instruments

Previous total % of voting rights 3.172736% Position of previous notification

Voting rights attached to shares 20,613,790 voting rights Indirect voting rights via ISIN US83175M2052 (Sub Total 8.A)

Financial instruments (Right to Recall) 257,850 voting rights; 0.030791% Sub Total 8.B1

Financial instruments with similar economic effect 3,319,954 voting rights; 0.396451% Cash-settled swaps and put option (Sub Total 8.B2)

Key Terms

TR-1: Standard form for notification of major holdings, voting rights attached to shares, financial instruments with similar economic effect, cash settlement, +2 more

6 terms

TR-1: Standard form for notification of major holdings regulatory

"TR-1: Standard form for notification of major holdings 1. Issuer Details"

voting rights attached to shares financial

"% of voting rights attached to shares (total of 8.A)"

financial instruments with similar economic effect financial

"Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))"

cash settlement financial

"Physical or cash settlement | Number of voting rights | % of voting rights Swaps"

Cash settlement is a process where, instead of exchanging physical assets like stocks or commodities, the parties involved settle the difference in value with money after a contract ends. For investors, it simplifies transactions by avoiding the need to handle or deliver the actual asset, making it quicker and more convenient to complete trades. This method ensures a straightforward way to settle agreements based on their final value.

Right to Recall financial

"Type of financial instrument | Expiration date | Exercise/conversion period | Number of voting rights"

full chain of controlled undertakings regulatory

"Full chain of controlled undertakings through which the voting rights"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What change in major shareholding did Smith & Nephew plc (SNN) disclose?

Smith & Nephew plc disclosed that a holder within the Bank of America group reported a total holding of 2.888834% of voting rights, down from a previously notified 3.172736%. This includes voting rights attached to shares and via financial instruments.

What percentage of Smith & Nephew (SNN) voting rights are held via shares vs financial instruments?

The notifying holder has 2.461592% of Smith & Nephew’s voting rights attached to shares and 0.427242% through financial instruments, for a combined total of 2.888834% of voting rights in the company.

How many Smith & Nephew (SNN) voting rights does the notifying holder control?

The notifying holder controls a total of 24,191,594 voting rights in Smith & Nephew plc at the time the threshold was crossed or reached, combining voting rights from shares and from financial instruments.

What is the role of Bank of America Corporation in this Smith & Nephew (SNN) TR-1 filing?

Bank of America Corporation is listed as the ultimate controlling person in a full chain of controlled undertakings, including Bank of America, National Association, BofA Securities, Inc., and U.S. Trust Co of Delaware, through which voting rights and financial instruments are effectively held.

Which Smith & Nephew (SNN) security is referenced for direct voting rights in this notice?

Direct voting rights relate to shares with ISIN US83175M2052, with 20,613,790 indirect voting rights attached to these shares, corresponding to 2.461592% of Smith & Nephew’s voting rights.

What types of financial instruments over Smith & Nephew (SNN) are included in the TR-1 notification?

The notification lists a Right to Recall instrument over 257,850 voting rights (0.030791%) and several cash-settled swaps plus a put option over a combined 3,319,954 voting rights (0.396451%) with expiries between 2027 and 2030.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 6-K: How Foreign Companies Report to the SEC →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Accepted by SEC EDGAR 08/21/2026 - 08:48 AM EDT

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 under the

Securities Exchange Act of 1934

August 21, 2026

Commission File Number 001-14978

SMITH & NEPHEW plc

(Registrant’s name)

Building 5, Croxley Park, Hatters Lane

Watford, England, WD18 8YE

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ✔ Form 40-F __

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

GB0009223206

Issuer Name

SMITH & NEPHEW PLC

UK or Non-UK Issuer

2. Reason for Notification

An acquisition or disposal of financial instruments

3. Details of person subject to the notification obligation

Name

Bank of America Corporation

City of registered office (if applicable)

Wilmington

Country of registered office (if applicable)

United States

4. Details of the shareholder

Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above

City of registered office (if applicable)

Country of registered office (if applicable)

5. Date on which the threshold was crossed or reached

19-Aug-2026

6. Date on which Issuer notified

20-Aug-2026

7. Total positions of person(s) subject to the notification obligation

	% of voting rights attached to shares (total of 8.A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)	Total of both in % (8.A + 8.B)	Total number of voting rights held in issuer
Resulting situation on the date on which threshold was crossed or reached	2.461592	0.427242	2.888834	24191594
Position of previous notification (if applicable)	2.402237	0.770499	3.172736

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

8A. Voting rights attached to shares

Class/Type of shares ISIN code(if possible)	Number of direct voting rights (DTR5.1)	Number of indirect voting rights (DTR5.2.1)	% of direct voting rights (DTR5.1)	% of indirect voting rights (DTR5.2.1)
US83175M2052		20613790		2.461592
Sub Total 8.A	20613790		2.461592%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

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
Right to Recall	n/a	n/a	257850	0.030791
Sub Total 8.B1			257850	0.030791%

8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

Type of financial instrument	Expiration date	Exercise/conversion period	Physical or cash settlement	Number of voting rights	% of voting rights
Swaps	15/10/2027	n/a	Cash	9506	0.001135
Swaps	05/05/2027	n/a	Cash	502244	0.059975
Swaps	19/07/2027	n/a	Cash	160629	0.019181
Swaps	07/03/2029	n/a	Cash	10077	0.001203
Swaps	02/04/2027	n/a	Cash	1586489	0.189450
Swaps	15/04/2027	n/a	Cash	417327	0.049835
Swaps	15/06/2027	n/a	Cash	491	0.000059
Swaps	18/04/2028	n/a	Cash	112464	0.013430
Swaps	06/01/2027	n/a	Cash	391714	0.046776
Swaps	06/05/2030	n/a	Cash	24678	0.002947
Swaps	30/06/2028	n/a	Cash	2124	0.000254
Swaps	31/07/2028	n/a	Cash	10	0.000001
Swaps	17/08/2028	n/a	Cash	101474	0.012117
Put Option	16/04/2027	n/a	Cash	727	0.000088
Sub Total 8.B2				3319954	0.396451%

9. Information in relation to the person subject to the notification obligation

2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)

Ultimate controlling person	Name of controlled undertaking	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
Bank of America Corporation	Bank of America, National Association
Bank of America Corporation	BofA Securities, Inc.
Bank of America Corporation	U.S. Trust Co of Delaware

10. In case of proxy voting

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

If date does not apply, explain below

11. Additional Information

12. Date of Completion

20-Aug-2026

13. Place Of Completion

London, United Kingdom

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: August 21, 2026	By:	/s/ Helen Barraclough
		Helen Barraclough
		Company Secretary

Source: View Original Filing on SEC EDGAR