EX-5.1 4 dp18725_ex0501.htm EXHIBIT 5.1
Exhibit 5.1
 
Our ref:          NJS\JPW\S009.00025\17492250
Direct line:      +44 (0)20 7859 1028
E-mail:             nigel.stacey@ashurst.com
 
Ashurst LLP
Broadwalk House
5 Appold Street
London EC2A 2HA
 
Tel    +44 (0)20 7638 1111
Fax   +44 (0)20 7638 1112
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www.ashurst.com
 
 
 
5 August 2010
 
 
Smith & Nephew plc
15 Adam Street
London
WC2N 6LA

Ladies and Gentlemen,

Smith & Nephew Global Share Plan 2010
Up to 5,000,000 shares of common stock, 20 US cents par value

We refer to the Registration Statement on Form S-8 (the "Registration Statement") filed on 5 August 2010 by Smith & Nephew plc, a public limited company incorporated under the laws of England and Wales (the "Company"), with the Securities and Exchange Commission under the Securities Act of 1933, as amended (the "Securities Act"), relating to the registration of shares of common stock, 20 US cents par value of the Company (the "Ordinary Shares").

We are familiar with the proceedings to date with respect to the proposed issuance of up to 5,000,000 Ordinary Shares (the "Registered Shares") pursuant to the Smith & Nephew Global Share Plan 2010 (the "Plan"), which will be represented by 1,000,000 American Depositary Shares (the "ADSs"), each ADS representing five Ordinary Shares.  We have examined such records, documents and questions of law, and satisfied ourselves as to such matters of fact, as we have considered relevant and necessary as a basis for this opinion.

Based on the foregoing, we are of the opinion that:

1.  
The Company is duly incorporated and validly existing under the laws of England and Wales.
 
2.  
Each of the Registered Shares which is newly issued pursuant to the Plan will constitute a share of common stock of the Company which has been duly authorised and validly issued and is fully paid and non-assessable when (i) the Registration Statement shall have become effective under the Securities Act; (ii) the Company’s board of directors or a duly authorised committee thereof shall have duly adopted final resolutions authorising the issuance of such share as contemplated by the Plan; (iii) the Company has approved such issue in general meeting; and (iv) the name of the holder shall have been entered in the Register of Members and a certificate representing such share shall have been duly executed, countersigned and registered and duly delivered upon payment of the agreed consideration therefor (not less than the par value thereof) determined in accordance with the terms of the Plan.
 

 
 
Ashurst LLP is a limited liability partnership registered in England and Wales under number OC330252.  It is regulated by the Solicitors Regulation Authority of England and Wales.  A list of members of Ashurst LLP, and the non-members who are designated as partners, and their professional qualifications is open to inspection at its registered office Broadwalk House, 5 Appold Street, London EC2A 2HA.  The term "partner" in relation to Ashurst LLP is used to refer to a member of Ashurst LLP or to an employee or to a consultant with equivalent standing and qualifications.  Ashurst LLP or an affiliated undertaking has an office in each of the places listed below.
LONDON\17492250.02
Abu Dhabi  Brussels  Dubai  Frankfurt  Hong Kong  London  Madrid  Milan
Munich  New York  Paris  Singapore  Stockholm  Tokyo  Washington DC

 
 

 
Smith & Nephew plc
5 August 2010
Page 2
     

This Opinion is given by Ashurst LLP and by no other person, is limited to English law as applied by the English courts and is given on the basis that it will be governed by and construed in accordance with English law.  We consent to the filing of this opinion as an exhibit to the Registration Statement relating to such Ordinary Shares.  In giving such consent, we do not thereby admit that we are within the category of persons whose consent is required under Section 7 of the Securities Act.

Yours faithfully

 /s/ Ashurst LLP