Director/PDMR Shareholding

RNS Number : 5990C

IMI PLC

02 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

         Release of 80,206 invested shares held under the IMI plc Share Matching Plan ("SMP") which were originally invested on 1 June 2009.  Vesting of 125,881 shares granted under the SMP on 1 June 2009, representing the vested portion of the matching award and dividends paid in shares on the vested portion of the matching award since 1 June 2009 (all satisfied with shares held in an employee trust).

         Discretionary award of 4,864 ordinary shares in the Company by The IMI Employee Trust. This award represents the number of shares which would have been delivered to Ian Whiting under the "dividend equivalent" provision of the award granted to him on 1 June 2009 under the SMP in respect of the dividend paid to shareholders on 22 May 2009, had the grant of these awards not been delayed by virtue of the Company seeking shareholder approval for the SMP.    

         Transfer of 25,555 shares into the SMP and retention of the balance of the shares. Ian Whiting therefore invested 25,555 shares in the SMP.

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

         130,745

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

         0.04%

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

         N/A

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

         1 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)

         422,778  -  0.13%

16.     Date issuer informed of transaction

         1 May 2012

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

         N/A

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

2 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

         Release of 16,820 invested shares held under the IMI plc Share Matching Plan ("SMP") which were originally invested on 1 June 2009.  Vesting of 26,879 shares granted under the SMP on 1 June 2009, representing the vested portion of the matching award and dividends paid in shares on the vested portion of the matching award since 1 June 2009 (all satisfied with shares held in an employee trust).

         Discretionary award of 1,036 ordinary shares in the Company by The IMI Employee Trust. This award represents the number of shares which would have been delivered to Tim Hubbard under the "dividend equivalent" provision of the award granted to him on 1 June 2009 under the SMP in respect of the dividend paid to shareholders on 22 May 2009, had the grant of these awards not been delayed by virtue of the Company seeking shareholder approval for the SMP.    

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

         27,915

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

         N/A

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

         1 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)

         78,857  -  0.02%

16.     Date issuer informed of transaction

         1 May 2012

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

         N/A

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

2 May 2012

 

END

 

 

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