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


March 24, 2010


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.
 


 

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:  March 24, 2010

 


                                                                       By:   /s/ Susan Henderson
                                                        -----------------
                                                 Susan Henderson
                                                 Company Secretary
 

 
 
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:
ii
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
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
X
An event changing the breakdown of voting rights
Other (please specify):

3. Full name of person(s) subject to the
notification obligation:
iii
BlackRock, Inc.
4. Full name of shareholder(s)

 (if different from 3.):iv

5. Date of the transaction and date on
which the threshold is crossed or
reached:
v
19th March 2010
6. Date on which issuer notified:
23rd March 2010
7. Threshold(s) that is/are crossed or
reached:
vi, vii
Holding has gone below 5%
 
8. Notified details:
A: Voting rights attached to shares
viii, ix
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 x
Direct
Direct
xi
Indirect
xii
Direct
Indirect
GB0009223206
91,549,644
91,549,644
N/A
N/A
41,801,277
N/A
4.71%

B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial
instrument
Expiration
date
xiii
Exercise/
Conversion Period
xiv
Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.
% of voting
rights






C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
xv, xvi
Resulting situation after the triggering transaction
Type of financial
instrument
Exercise price
Expiration date
xvii
Exercise/
Conversion period
xviii
Number of voting rights instrument refers to
 
% of voting rights
xix, xx
 

CFD

N/A

N/A

N/A
 
2,433,549
Nominal
Delta
0.27%
0.27%

Total (A+B+C)
Number of voting rights
Percentage of voting rights
44,241,836
4.98%
 
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:
xxi
 
BlackRock Investment Management (UK) Limited - 44,241,836 (4.98%)

Proxy Voting:
10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease
to hold:

12. Date on which proxy holder will cease to hold
voting rights:



13. Additional information:
BlackRock Compliance Disclosures Team
14. Contact name:
Stuart Watchorn (BlackRock) / Gemma Parsons (Smith & Nephew)
15. Contact telephone number:
020 7743 5741;
stuart.watchorn@blackrock.com
020 7401 7676 (Smith & Nephew)