Business Context and Reporting Period
This Form 6-K filing by Smith & Nephew plc is a regulatory notification dated August 12, 2026. The document serves as a standard notification of major holdings (TR-1) regarding a change in the breakdown of voting rights. It is not a financial results report.
Key Financial Metrics
The filing text does not provide financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on shareholding percentages and voting rights.
Material Changes
The filing reports an increase in the aggregate voting rights held by Cevian Capital II GP Limited and its controlled undertakings:
- Previous Holding: 14.010786% (as of July 24, 2026).
- Current Holding: 14.214414% (as of August 7, 2026).
- Total Voting Rights: 119,179,419 shares.
- Breakdown of Increase:
- Cevian Capital II Master Fund L.P. increased from 12.815710% to 13.014856%.
- Cevian Capital II Co-Investment - Series P L.P. increased from 1.195075% to 1.199558%.
- Threshold Status: The increase did not cross a new statutory notification threshold.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. It is a mechanical disclosure of share ownership changes.
Key Facts for Investor Verification
- Shareholder Identity: Cevian Capital II GP Limited (Jersey) acts as the general partner for the funds holding the shares.
- Nominee Structure: Shares are legally held by Aurora Nominees Limited (London) on behalf of UBS AG (custodian).
- Transaction Date: The threshold change occurred on August 7, 2026, and the issuer was notified on August 11, 2026.
- Instrument Type: The holding consists entirely of direct voting rights attached to shares (ISIN GB0009223206); no financial instruments with voting rights were reported.