Director/PDMR Shareholding

RNS Number : 0318C

IMI PLC

10 April 2013

 

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

Release of 7,348 invested shares held under the IMI plc Share Matching Plan ("SMP") which were originally invested on 4 May 2010 and transfer of such shares back into the 2013 SMP.

Exercise of award in respect of 10,937 shares under the SMP, representing the vested portion of the matching award made in 2010 and dividends paid in shares in respect of the vested portion of the matching award (satisfied with shares held in an employee trust).  Transfer of 5,078 of those shares into the 2013 SMP, sale of 5,151 shares to cover the tax and NI liability and dealing charges.  Remaining balance of shares retained.

Paul Cleaver will therefore invest a total of 12,426 shares into the 2013 SMP.

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

5,784

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

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 per share or value of transaction

£12.338927

14.          Date and place of transaction

8 April 2013, London

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

40,698 - 0.01%

16.          Date issuer informed of transaction

9 April 2013

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

17.          Date of grant

NA

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

NA

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

NA

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

NA

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

NA

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

NA

23.          Any additional information

None

24.          Name of contact and telephone number for queries

J O'Shea - Company Secretary - 0121 717 3700

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

J O'Shea - Company Secretary

Date of notification

10 April 2013

End

 

END

 

 

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