Director/PDMR Shareholding

RNS Number : 4687I

IMI PLC

25 March 2015

 

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

         Douglas Hurt - 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

         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 persons named in 4 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

         Gillian Hurt

8.      State the nature of the transaction

         Sale of 3,600 shares

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

         N/A

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

         N/A

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

         3,600

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

         0.001%

13.     Price pershare or value of transaction

         £13.36

14.     Date and place of transaction

         24 March 2015, London

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

         185,412 - 0.07%

         Relative to basic salary (calculated at the closing price on 24 March 2015) the level of holding is 575% and is 1,260% 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

         25 March 2015

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

         K Pawar - Corporate Counsel - 0121 717 3700

Name of authorised official of issuer responsible for making notification

K Pawar - Corporate Counsel

Date of notification

25 March 2015

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, Critical Engineering

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 94,590 shares under the IMI plc Share Matching Plan, representing part of the vested portion of the matching award made in 2011 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 36,082 shares under the IMI plc Performance Share Plan, representing the vested portion of the award made in 2011 and dividends paid in shares in respect of the vested portion of the award (satisfied with shares held in an employee trust). 

         Sale of 61,678 shares to raise funds to pay the tax liabilities and dealing charges associated with the aforementioned exercises.  Sale of a further 68,994 shares for own account.

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

         130,672

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

         130,672

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

         £13.36

14.     Date and place of transaction

         24 March 2015, London

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

         117,316 - 0.04%

         Relative to basic salary (calculated at the closing price on 24 March 2015) the level of holding is 364% and is 361% 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

         25 March 2015

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

         K Pawar - Corporate Counsel - 0121 717 3700

Name of authorised official of issuer responsible for making notification

K Pawar - Corporate Counsel

Date of notification

25 March 2015

 

END

 

 

RDSSEFFIIFISEED