Director/PDMR Shareholding

RNS Number : 8596D

IMI PLC

29 March 2011

 



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

Notification relates to Martin Lamb and in part to his wife, Jayne Lamb

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 Martin Lamb and Jayne Lamb

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

Jayne Lamb

8.   State the nature of the transaction

Transfer of 4,980 shares held by Martin Lamb to his wife, Jayne Lamb.

Sale of 5,215 shares originally purchased, granted free of charge or allotted as a result of the reinvestment of dividends awarded pursuant to participation in the IMI Share Purchase Plan (the Company's All Employee Share Ownership Plan) (of which 27 were sold to pay the dealing charges).  

Release of 37,225 invested shares held under the legacy Deferred Share Plan 2002 ("DSP") and 30,982 invested shares held under the Deferred Bonus Plan ("DBP") which were all originally invested on 4 April 2008, and transfer of 52,070 of the resulting shares into the Share Matching Plan ("SMP") formerly the DBP and sale of the balance of 16,137 shares.  Martin Lamb therefore invested 52,070 shares in the SMP and was granted a matching award over 212,530 shares in accordance with the rules of the SMP (further details of which are provided below).

Exercise of a matching award over 9,306 shares granted under the DSP on 4 April 2008 (satisfied with shares held in an employee trust), and sale of 4,772 shares to cover the tax and NI liability and dealing charges and the balance of 4,534 shares.

Exercise of a vested award over 78,174 shares granted under the DBP on 4 April 2008, representing the matching award and dividends paid in shares on the invested shares and on the matching award over the three year period (all satisfied with shares held in an employee trust), and sale of 39,947 shares to cover the tax and NI liability and dealing charges and the balance of 38,227 shares.

Exercise of a vested award over 158,977 shares granted under the Performance Share Plan ("PSP") on 4 April 2008, which includes dividends paid in shares on the vested portion over the three year period (all satisfied with shares held in an employee trust), and sale of 81,238 shares to cover the tax and NI liability and dealing charges and the balance of 77,739 shares.

9. Number of shares, debentures or financial instruments relating to shares acquired

246,457

10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

0.077%

11. Number of shares, debentures or financial instruments relating to shares disposed

267,809

12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) 

0.083%

13. Price per share or value of transaction

£10.16 per share in respect of the sale of 5,215 shares pursuant to participation in the IMI Share Purchase Plan

£10.159968 per share in respect of all other sales

14. Date and place of transaction

28 March 2011, London

15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

390,263 - 0.12%

Relative to basic salary (calculated at the closing price on 28 March 2011) the level of holding is as follows:  551%

16. Date issuer informed of transaction

29 March 2011

If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes

17 Date of grant

28 March 2011

18. Period during which or date on which it can be exercised

Under normal circumstances, the matching award will vest on 28 March 2014, subject to the applicable performance conditions being met and will be exercisable until 27 March 2021

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 212,530 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

Price to be fixed at the time of exercise

22. Total number of shares or debentures over which options held following notification

1,232,979 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 - Corporate Counsel -      0121 717 3700

Name and signature of duly authorised officer of issuer responsible for making notification

H Afford  - Corporate Counsel

Date of notification

29 March 2011

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

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

Douglas Hurt

8.   State the nature of the transaction

Release of 16,581 invested shares held under the Deferred Bonus Plan ("DBP") which were originally invested on 4 April 2008 and transfer of such shares into the Share Matching Plan ("SMP") formerly the DBP. 

Exercise of a vested award over 33,956 shares granted under the DBP on 4 April 2008, representing the matching award and dividends paid in shares on the invested shares and on the matching award over the three year period (all satisfied with shares held in an employee trust), sale of 17,345 shares to cover the tax and NI liability and dealing charges, transfer of 7,231 shares into the SMP and sale of the balance of 9,380 shares.

Douglas Hurt therefore invested a total of 23,812 shares in the SMP and was granted a matching award over 97,190 shares in accordance with the rules of the SMP (further details of which are provided below).

Exercise of a vested award over 87,235 shares granted under the Performance Share Plan ("PSP") on 4 April 2008, which includes dividends paid in shares on the vested portion over the three year period (all satisfied with shares held in an employee trust), and sale of 44,578 shares to cover the tax and NI liability and dealing charges and the balance of 42,657 shares.

9. Number of shares, debentures or financial instruments relating to shares acquired

121,191

10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

0.038%

11. Number of shares, debentures or financial instruments relating to shares disposed

113,960

12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) 

0.036%

13. Price per share or value of transaction

£10.159968 per share

14. Date and place of transaction

28 March 2011, London

15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

193,515 - 0.06%

Relative to basic salary (calculated at the closing price on 28 March 2011) the level of holding is as follows:  498%

16. Date issuer informed of transaction

29 March 2011

If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes

17 Date of grant

28 March 2011

18. Period during which or date on which it can be exercised

Under normal circumstances, the matching award will vest on 28 March 2014, subject to the applicable performance conditions being met and will be exercisable until 27 March 2021

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 97,190 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

Price to be fixed at the time of exercise

22. Total number of shares or debentures over which options held following notification

432,353 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 - Corporate Counsel -      0121 717 3700

Name and signature of duly authorised officer of issuer responsible for making notification

H Afford  - Corporate Counsel

Date of notification

29 March 2011

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

Release of 16,872 invested shares held under the legacy Deferred Share Plan ("DSP") and 29,120 invested shares held under the Deferred Bonus Plan ("DBP") which were all originally invested on 4 April 2008, and transfer of 20,690 of the resulting shares into the Share Matching Plan ("SMP"), formerly the DBP and sale of the balance of 25,302 shares.  Roy Twite therefore invested 20,690 shares in the SMP and was granted a matching award over 84,448 shares in accordance with the rules of the SMP (further details of which are provided below).

Exercise of a matching award over 4,218 shares granted under the DSP on 4 April 2008 (satisfied with shares held in an employee trust), sale of 2,173 shares to cover the tax and NI liability and dealing charges and sale of the balance of 2,045 shares.

Exercise of a vested award over 61,158 shares granted under the DBP on 4 April 2008, representing the matching award and dividends paid in shares on the invested shares and on the matching award over the three year period (all satisfied with shares held in an employee trust), and sale of 31,261 shares to cover the tax and NI liability and dealing charges and the balance of 29,897 shares.

Exercise of a vested award over 82,069 shares granted under the Performance Share Plan ("PSP") on 4 April 2008, which includes dividends paid in shares on the vested portion over the three year period (all satisfied with shares held in an employee trust), and sale of 41,938 shares to cover the tax and NI liability and dealing charges and the balance of 40,131 shares.

9. Number of shares, debentures or financial instruments relating to shares acquired

147,445

10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

0.046%

11. Number of shares, debentures or financial instruments relating to shares disposed

172,747

12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) 

0.054%

13. Price per share or value of transaction

£10.159968 per share

14. Date and place of transaction

28 March 2011, London

15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

121,344 - 0.038%

Relative to basic salary (calculated at the closing price on 28 March 2011) the level of holding is as follows:  331%

16. Date issuer informed of transaction

29 March 2011

If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes

17 Date of grant

28 March 2011

18. Period during which or date on which it can be exercised

Under normal circumstances, the matching award will vest on 28 March 2014, subject to the applicable performance conditions being met and will be exercisable until 27 March 2021

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 84,448 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

Price to be fixed at the time of exercise

22. Total number of shares or debentures over which options held following notification

362,695 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 - Corporate Counsel -      0121 717 3700

Name and signature of duly authorised officer of issuer responsible for making notification

H Afford  - Corporate Counsel

Date of notification

29 March 2011

 

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

NA

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

Release of 23,202 invested shares held under the Deferred Bonus Plan ("DBP") which were originally invested on 4 April 2008, transfer of 22,871 shares into the Share Matching Plan ("SMP"), formerly the DBP and retention of the balance of 331 shares.  Ian Whiting therefore invested 22,871 shares in the SMP and was granted a matching award over 72,238 shares in accordance with the rules of the SMP (further details of which are provided below).

Exercise of a vested award over 31,672 shares granted under the DBP on 4 April 2008, representing the matching award and dividends paid in shares on the invested shares and on the matching award over the three year period (all satisfied with shares held in an employee trust) and retention of such shares.

Exercise of a vested award over 34,434 shares granted under the Performance Share Plan ("PSP") on 4 April 2008, which includes dividends paid in shares on the vested portion over the three year period (all satisfied with shares held in an employee trust) and retention of such shares.

9. Number of shares, debentures or financial instruments relating to shares acquired

66,106

10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

0.021%

11. Number of shares, debentures or financial instruments relating to shares disposed

None

12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) 

N/A

13. Price per share or value of transaction

N/A

14. Date and place of transaction

28 March 2011, London

15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

280,757 - 0.09%

Relative to basic salary (calculated at the closing price on 28 March 2011) the level of holding is as follows:  827%

16. Date issuer informed of transaction

29 March 2011

If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes

17 Date of grant

28 March 2011

18. Period during which or date on which it can be exercised

Under normal circumstances, the matching award will vest on 28 March 2014, 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 72,238 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

Price to be fixed at the time of exercise

22. Total number of shares or debentures over which options held following notification

258,337 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 - Corporate Counsel -      0121 717 3700

Name and signature of duly authorised officer of issuer responsible for making notification

H Afford  - Corporate Counsel

Date of notification

29 March 2011

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 - PDMR (President, Indoor Climate)

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

Release of 1,479 invested shares held under the legacy Deferred Share Plan 2002 ("DSP") which were originally vested on 4 April 2008 and sale of such shares.

Exercise of a matching award over 369 shares granted under the DSP on 4 April 2008 (satisfied with shares held in an employee trust), and sale of 114 shares to the tax and NI liability and dealing charges and the balance of 255 shares.

Exercise of a vested award over 19,625 shares granted under the Performance Share Plan ("PSP") on 4 April 2008, which includes dividends paid in shares on the vested portion over the three year period (all satisfied with shares held in an employee trust), and sale of 5,933 shares to cover the tax and NI liability and dealing charges and the balance of 13,692 shares.

Exercise of a vested award over 8,000 options held under the legacy IMI Executive Share Option (1995) Scheme ("ESOS") originally granted on 3 April 2002 at 309.1p per share, and sale of 4,688 shares to cover the tax and NI liability, option cost and dealing charges and the balance of 3,312 shares.

Transfer of 11,469 shares into the Share Matching Plan ("SMP").  Sean Toomes therefore invested 11,469 shares in the SMP and was granted a matching award over 35,109 shares in accordance with the rules of the SMP (further details of which are provided below).

9. Number of shares, debentures or financial instruments relating to shares acquired

27,994

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

29,473

12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) 

0.01%

13. Price per share or value of transaction

£10.163799 per share in respect of the sale of shares held under the ESOS

£10.159968 per share in respect of all other sales

14. Date and place of transaction

28 March 2011, London

15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

75,560 - 0.024%

16. Date issuer informed of transaction

29 March 2011

If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes

17 Date of grant

 28 March 2011

18. Period during which or date on which it can be exercised

Under normal circumstances, the matching award will vest on 28 March 2014, 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 35,109 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

Price to be fixed at the time of exercise

22. Total number of shares or debentures over which options held following notification

131,963 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 - Corporate Counsel -      0121 717 3700

Name and signature of duly authorised officer of issuer responsible for making notification

H Afford  - Corporate Counsel

Date of notification

29 March 2011

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

NA

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

Release of 321 invested shares held under the Deferred Bonus Plan ("DBP") which were all originally invested on 4 April 2008 and retention of such shares.

Exercise of a vested award over 421 shares granted under the DBP on 4 April 2008, representing the matching award and dividends paid in shares on the invested shares and on the matching award over the three year period (all satisfied with shares held in an employee trust) and retention of such shares.

Exercise of a vested award over 10,902 shares granted under the Performance Share Plan ("PSP") on 4 April 2008, which includes dividends paid in shares on the vested portion over the three year period (all satisfied with shares held in an employee trust), transfer of 10,762 shares into the Share Matching Plan ("SMP") formerly the DBP and retention of the balance of 140 shares.

Transfer of 8,493 shares into the SMP. 

Tim Hubbard therefore invested a total of 19,255 shares in the SMP and was granted a matching award over 31,471 shares in accordance with the rules of the SMP (further details of which are provided below).

9. Number of shares, debentures or financial instruments relating to shares acquired

11,323

10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

0.004%

11. Number of shares, debentures or financial instruments relating to shares disposed

None

12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) 

N/A

13. Price per share or value of transaction

N/A

14. Date and place of transaction

28 March 2011, London

15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

50,942 - 0.016%

16. Date issuer informed of transaction

29 March 2011

If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes

17 Date of grant

28 March 2011

18. Period during which or date on which it can be exercised

Under normal circumstances, the matching award will vest on 28 March 2014, 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 31,471 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

Price to be fixed at the time of exercise

22. Total number of shares or debentures over which options held following notification

75,889 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 - Corporate Counsel -      0121 717 3700

Name and signature of duly authorised officer of issuer responsible for making notification

H Afford  - Corporate Counsel

Date of notification

29 March 2011

 

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

Marshall Goldberg - PDMR (President - IMI Merchandising)

4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person

NA

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

Marshall Goldberg

8.   State the nature of the transaction

Exercise of a vested award over 4,589 shares granted under the Performance Share Plan ("PSP") on 4 April 2008, which includes dividends paid in shares on the vested portion over the three year period (all satisfied with shares held in an employee trust), and sale of 1,860 shares to cover the tax and NI liability and dealing charges and the balance of 2,729 shares.

9. Number of shares, debentures or financial instruments relating to shares acquired

4,589

10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

0.001%

11. Number of shares, debentures or financial instruments relating to shares disposed

4,589

12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) 

0.001%

13. Price per share or value of transaction

£10.159968 per share

14. Date and place of transaction

28 March 2011, London

15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

32,243 - 0.01%

16. Date issuer informed of transaction

29 March 2011

If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes

17 Date of grant

N/A

18. Period during which or date on which it can be exercised

N/A

19. Total amount paid (if any) for grant of the option

N/A

20. Description of shares or debentures involved (class and number)

N/A

21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise

N/A

22. Total number of shares or debentures over which options held following notification

NA

23. Any additional information

N/A

24. Name of contact and telephone number for queries

H Afford - Corporate Counsel -      0121 717 3700

Name and signature of duly authorised officer of issuer responsible for making notification

H Afford  - Corporate Counsel

Date of notification

29 March 2011

 

END

 

 

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