Director/PDMR Shareholding

RNS Number : 2801C

IMI PLC

13 March 2014

 

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS

This form is intended for use by an issuer to make a RIS notification required by DR 3.1.4.

(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 DTR 3.1.2 R,;  (ii) a disclosure made in accordance with LR 9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006)

         Disclosure relates to point (i)

3.      Name of person discharging managerial responsibilities/director

          Martin Lamb - Director

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 28 4/7p 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

         Exercise of award in respect of 125,000 shares under the IMI plc Share Matching Plan, representing part of the vested portion of the matching award made in 2009 and dividends paid in shares in respect of the relevant part of the vested portion of the matching award (satisfied with shares held in an employee trust). 

          Sale of 58,883 shares to raise funds to pay the tax liabilities and dealing charges associated with the aforementioned exercise.  Sale of a further 66,117 shares for own account.

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

         125,000

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

         0.05%

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

         125,000

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

         0.05%

13.     Price pershare or value of transaction

         £14.34

14.     Date and place of transaction

         12 March 2014, London

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

         201,004 - 0.07%

         Relative to basic salary (calculated at the closing price on 12 March 2014) the level of holding is 374% and is 1,568% taking into account all vested but unexercised share awards which are counted towards the share ownership guidelines set out by the Remuneration Committee.

16.     Date issuer informed of transaction

         13 March 2014

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 exercisable

         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 of authorised official of issuer responsible for making notification

H Afford - Senior Corporate Counsel

Date of notification

13 March 2014

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS

This form is intended for use by an issuer to make a RIS notification required by DR 3.1.4.

(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 DTR 3.1.2 R,;  (ii) a disclosure made in accordance with LR 9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006)

         Disclosure relates to point (i)

3.      Name of person discharging managerial responsibilities/director

          Roy Twite - Divisional Managing Director, Severe Service

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 28 4/7p 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

         Exercise of award in respect of 111,404 shares under the IMI plc Share Matching Plan, representing part of the vested portion of the matching award made in 2010 and dividends paid in shares in respect of the relevant part of the vested portion of the matching award (satisfied with shares held in an employee trust). 

          Exercise of award in respect of 56,536 shares under the IMI plc Performance Share Plan, representing the vested portion of the award made in 2010 and dividends paid in shares in respect of the vested portion of the award (satisfied with shares held in an employee trust). 

          Sale of 79,110 shares to raise funds to pay the tax liabilities and dealing charges associated with the aforementioned exercises.  Sale of a further 88,830 shares for own account.

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

         167,940

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

         0.06%

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

         167,940

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

         0.06%

13.     Price pershare or value of transaction

         £14.34

14.     Date and place of transaction

         12 March 2014, London

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

         117,009 - 0.04%

         Relative to basic salary (calculated at the closing price on 12 March 2014) the level of holding is 387% and is 503% taking into account all vested but unexercised share awards which are counted towards the share ownership guidelines set out by the Remuneration Committee.

16.     Date issuer informed of transaction

         13 March 2014

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 exercisable

         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 of authorised official of issuer responsible for making notification

H Afford - Senior Corporate Counsel

Date of notification

13 March 2014

 

END

 

 

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