Director/PDMR Shareholding - Replacement
THIS REPLACES THE ANNOUNCEMENT RELEASED UNDER RNS NUMBER 1273D ON 10 MAY 2012 AS IT HAS BEEN BROUGHT TO OUR ATTENTION THAT THE WRONG MARGINAL TAX RATE HAD BEEN APPLIED TO THE CALCULATION OF THE MATCHING AWARD GRANTED UNDER THE IMI plc SHARE MATCHING PLAN TO IAN WHITING AND TIM HUBBARD. THIS HAS NOW BEEN CORRECTED AND THE MATCHING AWARDS ARE CONFIRMED AS 95,854 AND 39,498 RESPECTIVELY.
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
This form is intended for use by an issuer to make a RIS notification required by DR 3.14 R(1).
|
(1) |
An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24. |
|
(2) |
An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24. |
|
(3) |
An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24. |
|
(4) |
An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24. |
Please complete all relevant boxes in block capital letters.
1. Name of the issuer
IMI plc
2. State whether the notification relates to (i) a transaction notified in accordance with DR 3.1.4R(1)(a); or (ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as extended by section 328) of the Companies Act 1985; or (iii) both (i) and (ii)
Disclosure relates to point (i)
3. Name of person discharging managerial responsibilities/director
Martin Lamb - Director and PDMR
4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
N/A
5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest
Notification in respect of persons named in 3 above
6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares
Ordinary Shares of 25p each
7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
Martin Lamb
8. State the nature of the transaction
Discretionary award of 28,800 shares by The IMI Employee Trust. This award represents the number of shares which would have been delivered to Martin Lamb under the "dividend equivalent" provision of the awards granted to him under the IMI plc Share Matching Plan ("SMP") and the Performance Share Plan ("PSP") in 2009 as follows: (A) 27,453 shares in respect of the dividend paid on 22 May 2009, had the grant of the 2009 SMP award not been delayed by virtue of the Company seeking shareholder approval for the SMP and (B) 1,347 shares in respect of the dividend which would have been paid on 21 May 2012 on the shares vesting under the 2009 PSP award if the vesting/delivery of the shares under this award had taken place on the relevant vesting date.
Sale of 15,035 shares to cover the tax and NI liability and dealing charges arising on the discretionary award and the balance of 13,765 shares.
9. Number of shares, debentures or financial instruments relating to shares acquired
28,800
10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
0.009%
11. Number of shares, debentures or financial instruments relating to shares disposed
28,800
12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
0.009%
13. Price pershare or value of transaction
£9.010809
14. Date and place of transaction
9 May 2012, London
15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
224,390 - 0.07%
16. Date issuer informed of transaction
10 May 2012
If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes
17. Date of grant
10 May 2012
18. Period during which or date on which it can be exercised
Under normal circumstances, the matching award will vest on 10 May 2015, subject to the applicable performance conditions being met and will be exercisable until 9 May 2022.
19. Total amount paid (if any) for grant of the option
No consideration was paid for the grant of the matching award.
20. Description of shares or debentures involved (class and number)
Award in the form of nil cost options granted under the SMP over 289,850 Ordinary Shares of 25p each.
21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise
Nil
22. Total number of shares or debentures over which options held following notification
832,470 shares are subject to outstanding awards under the SMP.
23. Any additional information
None
24. Name of contact and telephone number for queries
H Afford - Senior Corporate Counsel - 0121 717 3700
Name and signature of duly authorised officer of issuer responsible for making notification
H Afford - Senior Corporate Counsel
Date of notification
11 May 2012
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
This form is intended for use by an issuer to make a RIS notification required by DR 3.14 R(1).
|
(1) |
An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24. |
|
(2) |
An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24. |
|
(3) |
An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24. |
|
(4) |
An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24. |
Please complete all relevant boxes in block capital letters.
1. Name of the issuer
IMI plc
2. State whether the notification relates to (i) a transaction notified in accordance with DR 3.1.4R(1)(a); or (ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as extended by section 328) of the Companies Act 1985; or (iii) both (i) and (ii)
Disclosure relates to point (i)
3. Name of person discharging managerial responsibilities/director
Douglas Hurt - Director and PDMR
4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
Notification relates to Douglas Hurt and in part to his wife, Gillian Hurt
5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest
Notification in respect of Douglas Hurt and Gillian Hurt
6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares
Ordinary Shares of 25p each
7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
Douglas Hurt
Gillian Hurt
8. State the nature of the transaction
Discretionary award of 6,954 shares by The IMI Employee Trust. This award represents the number of shares which would have been delivered to Douglas Hurt under the "dividend equivalent" provision of the award granted to him under the IMI plc Share Matching Plan ("SMP") in 2009 in respect of the dividend paid on 22 May 2009 had the grant of the 2009 SMP award not been delayed by virtue of the Company seeking shareholder approval for the SMP.
Transfer of 6,954 shares to Douglas Hurt's wife, Gillian Hurt.
9. Number of shares, debentures or financial instruments relating to shares acquired
6,954
10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
0.002%
11. Number of shares, debentures or financial instruments relating to shares disposed
0
12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
N/A
13. Price pershare or value of transaction
N/A
14. Date and place of transaction
9 May 2012, London
15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
201,273 - 0.06%
16. Date issuer informed of transaction
10 May 2012
If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes
17. Date of grant
10 May 2012
18. Period during which or date on which it can be exercised
Under normal circumstances, the matching award will vest on 10 May 2015, subject to the applicable performance conditions being met and will be exercisable until 9 May 2022.
19. Total amount paid (if any) for grant of the option
No consideration was paid for the grant of the matching award.
20. Description of shares or debentures involved (class and number)
Award in the form of nil cost options granted under the SMP over 132,512 Ordinary Shares of 25p each.
21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise
Nil
22. Total number of shares or debentures over which options held following notification
389,948 shares are subject to outstanding awards under the SMP.
23. Any additional information
None
24. Name of contact and telephone number for queries
H Afford - Senior Corporate Counsel - 0121 717 3700
Name and signature of duly authorised officer of issuer responsible for making notification
H Afford - Senior Corporate Counsel
Date of notification
11 May 2012
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
This form is intended for use by an issuer to make a RIS notification required by DR 3.14 R(1).
|
(1) |
An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24. |
|
(2) |
An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24. |
|
(3) |
An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24. |
|
(4) |
An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24. |
Please complete all relevant boxes in block capital letters.
1. Name of the issuer
IMI plc
2. State whether the notification relates to (i) a transaction notified in accordance with DR 3.1.4R(1)(a); or (ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as extended by section 328) of the Companies Act 1985; or (iii) both (i) and (ii)
Disclosure relates to point (i)
3. Name of person discharging managerial responsibilities/director
Roy Twite - Director and PDMR
4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
N/A
5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest
Notification in respect of person named in 3 above
6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares
Ordinary Shares of 25p each
7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
Roy Twite
8. State the nature of the transaction
Discretionary award of 10,238 shares by The IMI Employee Trust. This award represents the number of shares which would have been delivered to Roy Twite under the "dividend equivalent" provision of the awards granted to him under the IMI plc Share Matching Plan ("SMP") and the Performance Share Plan ("PSP") in 2009 as follows: (A) 5,828 shares in respect of the dividend paid on 22 May 2009, had the grant of the 2009 SMP award not been delayed by virtue of the Company seeking shareholder approval for the SMP and (B) 4,410 shares in respect of the dividend which would have been paid on 21 May 2012 on the shares vesting under 2009 SMP and PSP awards if the vesting/delivery of the shares under these awards had taken place on the relevant vesting date.
Sale of 5,345 shares to cover the tax and NI liability and dealing charges arising on the discretionary award and the balance of 4,893 shares.
9. Number of shares, debentures or financial instruments relating to shares acquired
10,238
10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
0.003%
11. Number of shares, debentures or financial instruments relating to shares disposed
10,238
12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
0.003%
13. Price pershare or value of transaction
£9.010809
14. Date and place of transaction
9 May 2012, London
15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
151,406 - 0.05%
16. Date issuer informed of transaction
10 May 2012
If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes
17. Date of grant
10 May 2012
18. Period during which or date on which it can be exercised
Under normal circumstances, the matching award will vest on 10 May 2015, subject to the applicable performance conditions being met and will be exercisable until 9 May 2022.
19. Total amount paid (if any) for grant of the option
No consideration was paid for the grant of the matching award.
20. Description of shares or debentures involved (class and number)
Award in the form of nil cost options granted under the SMP over 121,908 Ordinary Shares of 25p each.
21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise
Nil
22. Total number of shares or debentures over which options held following notification
337,958 shares are subject to outstanding awards under the SMP.
23. Any additional information
None
24. Name of contact and telephone number for queries
H Afford - Senior Corporate Counsel - 0121 717 3700
Name and signature of duly authorised officer of issuer responsible for making notification
H Afford - Senior Corporate Counsel
Date of notification
11 May 2012
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
This form is intended for use by an issuer to make a RIS notification required by DR 3.14 R(1).
|
(1) |
An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24. |
|
(2) |
An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24. |
|
(3) |
An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24. |
|
(4) |
An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24. |
Please complete all relevant boxes in block capital letters.
1. Name of the issuer
IMI plc
2. State whether the notification relates to (i) a transaction notified in accordance with DR 3.1.4R(1)(a); or (ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as extended by section 328) of the Companies Act 1985; or (iii) both (i) and (ii)
Disclosure relates to point (i)
3. Name of person discharging managerial responsibilities/director
Ian Whiting - Director and PDMR
4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
N/A
5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest
Notification in respect of person named in 3 above
6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares
Ordinary Shares of 25p each
7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
Ian Whiting
8. State the nature of the transaction
Discretionary award of 2,533 shares by The IMI Employee Trust. This award represents the number of shares which would have been delivered to Ian Whiting on 21 May 2012 under the "dividend equivalent" provision of the award granted under the IMI plc Share Matching Plan in 2009 if the vesting/delivery of the shares under this award had taken place on the relevant vesting date.
9. Number of shares, debentures or financial instruments relating to shares acquired
2,533
10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
0.0008%
11. Number of shares, debentures or financial instruments relating to shares disposed
0
12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
N/A
13. Price pershare or value of transaction
N/A
14. Date and place of transaction
9 May 2012
15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
425,311 - 0.13%
16. Date issuer informed of transaction
10 May 2012
If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes
17. Date of grant
10 May 2012
18. Period during which or date on which it can be exercised
Under normal circumstances, the matching award will vest on 10 May 2015, subject to the applicable performance conditions being met and will be exercisable within thirty days of vesting.
19. Total amount paid (if any) for grant of the option
No consideration was paid for the grant of the matching award.
20. Description of shares or debentures involved (class and number)
Award in the form of a deferred award granted under the SMP over 95,854 Ordinary Shares of 25p each.
21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise
Nil
22. Total number of shares or debentures over which options held following notification
231,821 shares are subject to outstanding awards under the SMP.
23. Any additional information
None
24. Name of contact and telephone number for queries
H Afford - Senior Corporate Counsel - 0121 717 3700
Name and signature of duly authorised officer of issuer responsible for making notification
H Afford - Senior Corporate Counsel
Date of notification
11 May 2012
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
This form is intended for use by an issuer to make a RIS notification required by DR 3.14 R(1).
|
(1) |
An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24. |
|
(2) |
An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24. |
|
(3) |
An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24. |
|
(4) |
An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24. |
Please complete all relevant boxes in block capital letters.
1. Name of the issuer
IMI plc
2. State whether the notification relates to (i) a transaction notified in accordance with DR 3.1.4R(1)(a); or (ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as extended by section 328) of the Companies Act 1985; or (iii) both (i) and (ii)
Disclosure relates to point (i)
3. Name of person discharging managerial responsibilities/director
Sean Toomes - Director and PDMR
4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
N/A
5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest
Notification in respect of person named in 3 above
6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares
Ordinary Shares of 25p each
7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
Sean Toomes
8. State the nature of the transaction
Discretionary award of 2,477 shares by The IMI Employee Trust. This award represents the number of shares which would have been delivered to Sean Toomes under the "dividend equivalent" provision of the award granted to him under the IMI plc Share Matching Plan in 2009 ("SMP") in respect of the dividend paid on 22 May 2009 had the grant of the 2009 SMP award not been delayed by virtue of the Company seeking shareholder approval for the SMP.
Sale of 1,032 shares to cover the tax and NI liability and dealing charges arising on the discretionary award and retention of the balance of 1,445 shares.
9. Number of shares, debentures or financial instruments relating to shares acquired
2,477
10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
0.0008%
11. Number of shares, debentures or financial instruments relating to shares disposed
1,032
12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
0.0003%
13. Price pershare or value of transaction
£9.010809
14. Date and place of transaction
9 May 2012, London
15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
69,494 - 0.02%
16. Date issuer informed of transaction
10 May 2012
If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes
17. Date of grant
10 May 2012
18. Period during which or date on which it can be exercised
Under normal circumstances, the matching award will vest on 10 May 2015, subject to the applicable performance conditions being met and will be exercisable within thirty days of vesting.
19. Total amount paid (if any) for grant of the option
No consideration was paid for the grant of the matching award.
20. Description of shares or debentures involved (class and number)
Award in the form of a deferred award granted under the SMP over 83,654 Ordinary Shares of 25p each.
21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise
Nil
22. Total number of shares or debentures over which options held following notification
153,250 shares are subject to outstanding awards under the SMP.
23. Any additional information
None
24. Name of contact and telephone number for queries
H Afford - Senior Corporate Counsel - 0121 717 3700
Name and signature of duly authorised officer of issuer responsible for making notification
H Afford - Senior Corporate Counsel
Date of notification
11 May 2012
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
This form is intended for use by an issuer to make a RIS notification required by DR 3.14 R(1).
|
(1) |
An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24. |
|
(2) |
An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24. |
|
(3) |
An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24. |
|
(4) |
An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24. |
Please complete all relevant boxes in block capital letters.
1. Name of the issuer
IMI plc
2. State whether the notification relates to (i) a transaction notified in accordance with DR 3.1.4R(1)(a); or (ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as extended by section 328) of the Companies Act 1985; or (iii) both (i) and (ii)
Disclosure relates to point (i)
3. Name of person discharging managerial responsibilities/director
Paul Cleaver - PDMR (President, Norgren)
4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
N/A
5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest
Notification in respect of person named in 3 above
6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares
Ordinary Shares of 25p each
7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
Paul Cleaver
8. State the nature of the transaction
Discretionary award of 842 shares by The IMI Employee Trust. This award represents the number of shares which would have been delivered to Paul Cleaver under the "dividend equivalent" provision of the award granted to him under the IMI plc Share Matching Plan ("SMP") in 2009 as follows: (A) 553 shares in respect of the dividend paid on 22 May 2009, had the grant of the 2009 SMP award not been delayed by virtue of the Company seeking shareholder approval for the SMP and (B) 289 shares in respect of the dividend which would have been paid on 21 May 2012 on the shares vesting under the 2009 SMP award if the vesting/delivery of the shares under this award had taken place on the relevant vesting date.
Sale of 439 shares to cover the tax and NI liability and dealing charges arising on the discretionary award, transfer of 13 shares into the SMP and retention of the balance of 390 shares.
9. Number of shares, debentures or financial instruments relating to shares acquired
842
10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
0.0003%
11. Number of shares, debentures or financial instruments relating to shares disposed
439
12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
0.0001%
13. Price pershare or value of transaction
£9.010809
14. Date and place of transaction
9 May 2012, London
15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
34,022 - 0.01%
16. Date issuer informed of transaction
10 May 2012
If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes
17. Date of grant
10 May 2012
18. Period during which or date on which it can be exercised
Under normal circumstances, the matching award will vest on 10 May 2015, subject to the applicable performance conditions being met and will be exercisable until 9 May 2022.
19. Total amount paid (if any) for grant of the option
No consideration was paid for the grant of the matching award.
20. Description of shares or debentures involved (class and number)
Award in the form of nil cost options granted under the SMP over 37,656 Ordinary Shares of 25p each.
21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise
Nil
22. Total number of shares or debentures over which options held following notification
62,736 shares are subject to outstanding awards under the SMP.
23. Any additional information
None
24. Name of contact and telephone number for queries
H Afford - Senior Corporate Counsel - 0121 717 3700
Name and signature of duly authorised officer of issuer responsible for making notification
H Afford - Senior Corporate Counsel
Date of notification
11 May 2012
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
This form is intended for use by an issuer to make a RIS notification required by DR 3.14 R(1).
|
(1) |
An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24. |
|
(2) |
An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24. |
|
(3) |
An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24. |
|
(4) |
An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24. |
Please complete all relevant boxes in block capital letters.
1. Name of the issuer
IMI plc
2. State whether the notification relates to (i) a transaction notified in accordance with DR 3.1.4R(1)(a); or (ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as extended by section 328) of the Companies Act 1985; or (iii) both (i) and (ii)
Disclosure relates to point (i)
3. Name of person discharging managerial responsibilities/director
Tim Hubbard - PDMR (President, IMI Cornelius Group)
4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
N/A
5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest
Notification in respect of person named in 3 above
6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares
Ordinary Shares of 25p each
7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
Tim Hubbard
8. State the nature of the transaction
Discretionary award of 540 shares by The IMI Employee Trust. This award represents the number of shares which would have been delivered to Tim Hubbard on 21 May 2012 under the "dividend equivalent" provision of the award granted under the IMI plc Share Matching Plan in 2009 if the vesting/delivery of the shares under this award had taken place on the relevant vesting date.
Sale of 178 shares to cover the tax and NI liability and dealing charges arising on the discretionary award and transfer of the balance of 362 shares into the SMP.
9. Number of shares, debentures or financial instruments relating to shares acquired
540
10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
0.0002%
11. Number of shares, debentures or financial instruments relating to shares disposed
178
12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
0.00006%
13. Price pershare or value of transaction
£9.010809
14. Date and place of transaction
9 May 2012, London
15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
53,241 - 0.02%
16. Date issuer informed of transaction
10 May 2012
If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes
17. Date of grant
10 May 2012
18. Period during which or date on which it can be exercised
Under normal circumstances, the matching award will vest on 10 May 2015, subject to the applicable performance conditions being met and will be exercisable within thirty days of vesting.
19. Total amount paid (if any) for grant of the option
No consideration was paid for the grant of the matching award.
20. Description of shares or debentures involved (class and number)
Award in the form of a deferred award granted under the SMP over 39,498 Ordinary Shares of 25p each.
21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise
Nil
22. Total number of shares or debentures over which options held following notification
89,256 shares are subject to outstanding awards under the SMP.
23. Any additional information
None
24. Name of contact and telephone number for queries
H Afford - Senior Corporate Counsel - 0121 717 3700
Name and signature of duly authorised officer of issuer responsible for making notification
H Afford - Senior Corporate Counsel
Date of notification
11 May 2012
End
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