Director/PDMR Shareholding

RNS Number : 1273D

IMI PLC

10 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

         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

         Price to be fixed at the time of exercise.

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

10 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

         Price to be fixed at the time of exercise.

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

10 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

         Price to be fixed at the time of exercise.

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

10 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 80,716 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

         216,683 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

10 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

         Price to be fixed at the time of exercise.

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

10 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

         Price to be fixed at the time of exercise.

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

10 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 32,690 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

         82,448 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

10 May 2012

End

 

END

 

 

RDSSFIFMSFESEDI