Director/PDMR Shareholding

RNS Number : 6470L

IMI PLC

10 May 2010

 

10 May 2010

IMI plc (the "Company")

Director/ PDMR Shareholding

This information is disclosed under DTR 3.1.4R(1)

GRANT OF AWARDS UNDER THE 2005 LONG TERM INCENTIVE PLAN, KNOWN AS THE PERFORMANCE SHARE PLAN ("PSP")

On 7 May 2010 the Company granted to each of the following Persons Discharging Managerial Responsibility awards over the number of ordinary shares of £0.25 each in the Company shown against his name below in accordance with the rules of the PSP.

Name	Position	Number of shares
Martin Lamb	Chief Executive	96,600
Douglas Hurt	Finance Director	53,000
Roy Twite	Executive Director	50,100

No consideration was paid for the grant of the awards.  Under normal circumstances, the awards will vest on 22 March 2013, subject to the applicable performance conditions being met and may be settled in shares, cash or an employer contribution into a pension plan or employee benefit trust in accordance with the rules of the PSP.  

GRANT OF MATCHING AWARDS UNDER THE SHARE MATCHING PLAN ("SMP")

On 7 May 2010 the Company granted to each of the following Persons Discharging Managerial Responsibility matching awards over the number of ordinary shares of £0.25 each in the Company shown against his name below in accordance with the rules of the SMP.

Name	Position	Number of shares
Martin Lamb	Chief Executive	330,090
Douglas Hurt	Finance Director	160,246
Roy Twite	Executive Director	131,602
Ian Whiting	President, CCI	63,729
Sean Toomes	President, Indoor Climate	34,487
Tim Hubbard	President, IMI Cornelius Group	18,287
Marshall Goldberg	President, IMI Merchandising	12,246

Under the SMP, matching awards are granted based on the investment made by each participant. No consideration was paid for the grant of the matching awards. The matching awards were made in the following forms:

Messrs. Lamb, Hurt and Twite were granted awards which may be settled in shares, cash or an employer contribution into a pension plan or employee benefit trust in accordance with the rules of the SMP; 

Messrs. Whiting, Hubbard and Goldberg were granted conditional awards of free shares; and

Mr. Toomes was granted a nil-cost option. 

Under normal circumstances, all matching awards will vest on 22 March 2013, subject to the applicable performance conditions being met.  Mr. Toomes' option will lapse, to the extent it vests and is not exercised, ten years after the date it was granted.

Enquiries to:

Helen Afford               Corporate Counsel               Tel:      [phone]

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