Director/PDMR Shareholding

RNS Number : 5129G

IMI PLC

12 May 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

Sale of 7,511 shares, of which 2,204 are certificated shares held in the name of Sean Toomes, 4,557 are held in an ISA and 750 are held in a nominee account with UBS of which 31 were sold to pay the dealing charges.

Exercise of a vested award over 15,000 options held under the legacy IMI Executive Share Option (1995) Scheme ("ESOS") originally granted on 2^nd April 2003 at £2.57 per share, and sale of 8,415 shares to cover the tax and NI liability, option cost and dealing charges and the balance of 6,585 shares.

Exercise of a vested award over 20,000 options held under the ESOS originally granted on 24^th March 2004 at £3.58 per share, and sale of 12,577 shares to cover the tax and NI liability, option cost and dealing charges and the balance of 7,423 shares.

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

35,000

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

0.01%

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

42,511

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

£11.03 per share in respect of 2,204 certificated shares.

£10.99 per share in respect of the 4,557 shares held in an ISA.

£11.04 per share in respect of the 750 shares held in a nominee account with UBS.

£10.98293 per share in respect of the sale of shares held under the ESOS.

14. Date and place of transaction

11 May 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)

68,049 - 0.02%

16. Date issuer informed of transaction

12 May 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

N/A

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

12 May 2011

 

END

 

 

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