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

~~June~~July 3001, 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~~July ~~form for notification of major holdings~~2026

1.Voting ~~Issuer~~Rights ~~Details~~and Capital

~~ISIN~~In conformity with the FCA's Disclosure Guidance and Transparency Rule 5.6.1, the total issued share capital of Smith & Nephew plc (the "Company") as at 30 June 2026 comprises 877,733,750 ordinary shares of US20¢ each ("ordinary shares"), including 32,697,503 ordinary shares held in treasury.

~~GB0009223206~~ The Company's issued share capital, with one voting right per share, therefore consists of 845,036,247 ordinary shares. This is the figure, which should be used by shareholders as the denominator when determining whether they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

~~Issuer~~Philip ~~Name~~Horner

~~SMITH~~ Deputy &Company ~~NEPHEW PLC~~Secretary

UKSmith or& ~~Non-UK~~Nephew ~~Issuer~~plc

UK Tel: +44 (0)1923 477100

2.LEI: ~~Reason for Notification~~213800ZTMDN8S67S1H61

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation

Name

Cevian Capital II GP Limited

City of registered office (if applicable)

St Helier

Country of registered office (if applicable)

Jersey

4. Details of the shareholder

Name City of registered office Country of registered office Aurora Nominees Limited London United Kingdom

5. Date on which the threshold was crossed or reached

25-Jun-2026

6. Date on which Issuer notified

29-Jun-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	13.206621	0.000000	13.206621	111788454
Position of previous notification (if applicable)	13.056468	0.000000	13.056468

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)
GB0009223206		111788454		13.206621
Sub Total 8.A	111788454		13.206621%

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
Sub Total 8.B1

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
Sub Total 8.B2

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
Cevian Capital II G.P. Limited	Cevian Capital II Master Fund L.P.	12.018425		12.018425%
Cevian Capital II G.P. Limited	Cevian Capital II Co-Investment - Series P L.P.	1.188196		1.188196%

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

Cevian Capital II G.P. Limited acts as general partner for Cevian Capital II Master Fund L.P. and Cevian Capital II Co-Investment - Series P L.P. The legal owner of the shares is Aurora Nominees Limited (acting as nominee), which holds the shares on behalf of UBS AG (acting as custodian). This notification is made for transparency purposes. Since Cevian Capital II G.P. Limited's notification dated 25 June 2026, the percentage of voting rights held via Cevian Capital II Master Fund L.P. has increased to 12.018425% (previously notified percentage: 11.868271%). The percentage of voting rights held via Cevian Capital II Co-Investment - Series P L.P. is 1.188196% (the same as previously notified). As a result of this increase, Cevian Capital II G.P. Limited's aggregate holding is now 13.206621% (previ-ously notified percentage: 13.056468%). Cevian Capital II G.P. Limited has not crossed a new notification threshold as a result of this increase.

12. Date of Completion

29-Jun-2026

13. Place Of Completion

Jersey

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: June 30, 2026	By:	/s/ Helen Barraclough
Date: July 01, 2026	By:	/s/ Helen Barraclough
		Helen Barraclough
		Company Secretary

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