Director/PDMR Shareholding

RNS Number : 8317G

IMI PLC

31 March 2022

 

31 March 2022

IMI PLC (the "Company")

Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs") and Persons Closely Associated with them

The Company announces the following transaction by a PDMR in the Company's ordinary shares ("Shares"). 

Pursuant to invitations issued on Monday 7 March 2022 to all eligible UK employees, options over an aggregate of 103,152 Shares were granted on 31 March 2022 under the IMI Sharesave Plan (the "Scheme"). The Scheme is an all-employee scheme which gives the opportunity to eligible UK employees to acquire Shares at a discount of 10% of the market value of the Shares at the time the invitation was issued.

Options granted to a PDMR:

Name	Position	No. of shares under options granted	Savings Contract Period
Louise Waldek	Group General Counsel & Company Secretary	2380	5 years

In consideration of these options, the grantees will make monthly savings during the associated savings contract. The exercise price is £12.6018 per share. These options will normally be exercisable during a 6-month period commencing 1 August 2027 for a 5 Year contract.

This announcement is an initial announcement.  The Company's identification code is GB00BGLP8L22.  The grant of the SAYE options occurred outside a trading venue. 

The FCA notification, made in accordance with the requirements of the Market Abuse Regulation is appended below and gives further details on the option grants for directors and PDMRs.

1.	Details of the person discharging managerial responsibilities/ person closely associated
a)	Name		Louise Waldek
2.	Reason for the notification
a)	Position/status		Group General Counsel & Company Secretary
b)	Initial notification/ Amendment		Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name		IMI plc
b)	LEI		2138002W9Q21PF751R30
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument   Identification code	Ordinary share   GB00BGLP8L22
b)	Nature of the transaction	Grant of options under the all-employee HMRC IMI Sharesave Plan.
c)	Price(s) and volume(s)	Price(s)		Volume(s)
		£12.6018		2380
d)	Aggregated information · Aggregated volume · Price	N/A Single transaction
e)	Date of the transaction	31 March 2022
f)	Place of the transaction	Outside a trading venue

For further information, please contact:

Louise Waldek
Group General Counsel and Company Secretary
Telephone: [phone]

 

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