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

August 29, 2008
 
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: August 29, 2008
 

                                                                       By:   /s/ Paul Chambers
                                                        -----------------
                                                 Paul Chambers
                                                 Company Secretary
 

Transaction in own shares.

Smith & Nephew plc announces that on 29 August 2008 it purchased 100,000 ordinary shares of US$0.20 each at a price of 657.3699 pence per share. The purchased shares will be held as treasury shares. 

Following the above purchase, Smith & Nephew plc holds 65,500,683 ordinary shares in treasury, and has 883,957,792 ordinary shares in issue (excluding treasury shares).

Paul Chambers

Company Secretary