Director/PDMR Shareholding

RNS Number : 0598G
Rotork PLC
25 March 2022
 

25 March 2022

Rotork plc ('Company')

 

Notification of transactions by Persons Discharging Managerial Responsibilities ('PDMRs')

 

The Company provides notification of the following transactions undertaken outside of a market venue relating to the below named PDMRs and their respective interests in the ordinary shares of nominal value 0.5p each in the capital of the Company ("Shares") (ISIN: GB00BVFNZH21).  

 

The transactions arise from awards, made to each of the PDMRs by the Remuneration Committee on 24 March 2022, of a three-year performance conditioned nil cost option over, or conditional award of, Shares under the Company's Long Term Incentive Plan. The number of Shares shown is the maximum available if the performance conditions for the period from 1 January 2022 to 31 December 2024 are satisfied in full. The number of Shares have been calculated by reference to a price of £3.2744, being the average of the Company's Share price over the five trading days immediately preceding the date of grant. The awards made to Executive Directors have been made in accordance with the Directors' Remuneration Policy.

 

1

 

Details of the person discharging managerial responsibilities / closely associated person

 

a)

 

Name

 

 

 

Kiet Huynh 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

 Chief Executive Officer

b)

 

Initial notification /Amendment

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Rotork plc

b)

 

LEI

 

 

213800AH5RZIHGWRJ718

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

 

Description of the financial instrument, type of instrument

Ordinary 0.5p shares

 

 

Identification code

ISIN GB00BVFNZH21

 

 

b)

 

Nature of the transaction

 

Grant of nil cost options over Shares under the Company's Long Term Incentive Plan.

c)

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

Per share

£nil

335,939

Aggregated

£nil

N/A single transaction

 

 

 

 

d)

 

Date of the transaction

 

2022-03-24

e)

 

Place of the transaction

 

 

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / closely associated person

 

a)

 

Name

 

 

 

Jonathan Mark Davis 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

 Group Finance Director

b)

 

Initial notification /Amendment

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Rotork plc

b)

 

LEI

 

 

213800AH5RZIHGWRJ718

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

 

Description of the financial instrument, type of instrument

Ordinary 0.5p shares

 

 

Identification code

ISIN GB00BVFNZH21

 

 

b)

 

Nature of the transaction

 

Grant of nil cost options over Shares under the Company's Long Term Incentive Plan.

c)

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

Per share

£nil

192,246

Aggregated

£nil

N/A single transaction

 

 

 

 

d)

 

Date of the transaction

 

2022-03-24

e)

 

Place of the transaction

 

Outside a trading venue.

 

 

1

 

Details of the person discharging managerial responsibilities / closely associated person

 

a)

 

Name

 

 

 

Paul Burke 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

 Chief Information Officer

b)

 

Initial notification /Amendment

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Rotork plc

b)

 

LEI

 

 

213800AH5RZIHGWRJ718

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

 

Description of the financial instrument, type of instrument

Ordinary 0.5p shares

 

 

Identification code

ISIN GB00BVFNZH21

 

 

b)

 

Nature of the transaction

 

Grant of nil cost options over Shares under the Company's Long Term Incentive Plan.

c)

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

Per share

£nil

55,754

Aggregated

£nil

N/A single transaction

 

 

 

 

d)

 

Date of the transaction

 

2022-03-24

e)

 

Place of the transaction

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / closely associated person

 

a)

 

Name

 

 

 

Katherine Callaghan 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

 Group Human Resources Director

b)

 

Initial notification /Amendment

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Rotork plc

b)

 

LEI

 

 

213800AH5RZIHGWRJ718

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

 

Description of the financial instrument, type of instrument

Ordinary 0.5p shares

 

 

Identification code

ISIN GB00BVFNZH21

 

 

b)

 

Nature of the transaction

 

Grant of nil cost options over Shares under the Company's Long Term Incentive Plan.

 

 

 

c)

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

Per share

£nil

47,782

Aggregated

£nil

N/A single transaction

 

 

 

 

d)

 

Date of the transaction

 

2022-03-24

e)

 

Place of the transaction

 

Outside a trading venue.

 

1

 

Details of the person discharging managerial responsibilities / closely associated person

 

a)

 

Name

 

 

 

Stuart Pain

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

 

 

Rotork plc

b)

 

LEI

 

 

213800AH5RZIHGWRJ718

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

 

Description of the financial instrument, type of instrument

Ordinary 0.5p shares

 

 

Identification code

ISIN GB00BVFNZH21

 

 

b)

 

Nature of the transaction

 

Grant of nil cost options over Shares under the Company's Long Term Incentive Plan.

c)

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

Per share

£nil

53,750

Aggregated

£nil

N/A single transaction

 

 

 

 

d)

 

Date of the transaction

 

2022-03-24

e)

 

Place of the transaction

 

Outside a trading venue. 

 

1

 

Details of the person discharging managerial responsibilities / closely associated person

 

a)

 

Name

 

 

 

Grant Wood 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

 Group Operations Director

b)

 

Initial notification /Amendment

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Rotork plc

b)

 

LEI

 

 

213800AH5RZIHGWRJ718

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

 

Description of the financial instrument, type of instrument

Ordinary 0.5p shares

 

 

Identification code

ISIN GB00BVFNZH21

 

 

b)

 

Nature of the transaction

 

Grant of nil cost options over Shares under the Company's Long Term Incentive Plan.

c)

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

Per share

£nil

46,085

Aggregated

£nil

N/A single transaction

 

 

 

 

d)

 

Date of the transaction

 

2022-03-24

e)

 

Place of the transaction

 

Outside a trading venue.

 

1

 

Details of the person discharging managerial responsibilities / closely associated person

 

a)

 

Name

 

 

 

Lyndsey Norris

2

 

Reason for the notification

 

a)

 

Position/status

 

 

 Managing Director - Chemical, Process & Industrial

b)

 

Initial notification /Amendment

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Rotork plc

b)

 

LEI

 

 

213800AH5RZIHGWRJ718

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

 

Description of the financial instrument, type of instrument

Ordinary 0.5p shares

 

 

Identification code

ISIN GB00BVFNZH21

 

 

b)

 

Nature of the transaction

 

Grant of nil cost options over Shares under the Company's Long Term Incentive Plan.

c)

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

Per share

£nil

39,116

Aggregated

£nil

N/A single transaction

 

 

 

 

d)

 

Date of the transaction

 

2022-03-24

e)

 

Place of the transaction

 

 

Outside a trading venue.

 

1

 

Details of the person discharging managerial responsibilities / closely associated person

 

a)

 

Name

 

 

 

Neil Manning 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

 Managing Director - Oil & Gas and Site Services

b)

 

Initial notification /Amendment

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Rotork plc

b)

 

LEI

 

 

213800AH5RZIHGWRJ718

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

 

Description of the financial instrument, type of instrument

Ordinary 0.5p shares

 

 

Identification code

ISIN GB00BVFNZH21

 

 

b)

 

Nature of the transaction

 

Grant of conditional awards over Shares under the Company's Long Term Incentive Plan.

c)

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

Per share

£nil

55,558

Aggregated

£nil

N/A single transaction

 

 

 

 

d)

 

Date of the transaction

 

2022-03-24

e)

 

Place of the transaction

 

Outside a trading venue.

 

 

 

 

 

 

1

 

Details of the person discharging managerial responsibilities / closely associated person

 

a)

 

Name

 

 

 Mike Pelezo

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

 Site Services Director

b)

 

Initial notification /Amendment

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Rotork plc

b)

 

LEI

 

 

213800AH5RZIHGWRJ718

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

 

Description of the financial instrument, type of instrument

Ordinary 0.5p shares

 

 

Identification code

ISIN GB00BVFNZH21

 

 

b)

 

Nature of the transaction

 

Grant of conditional awards over Shares under the Company's Long Term Incentive Plan.

c)

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

Per share

£nil

34,724

Aggregated

£nil

N/A single transaction

 

 

 

 

d)

 

Date of the transaction

 

2022-03-24

e)

 

Place of the transaction

 

 

Outside a trading venue.

 

 

 

 

The Company can confirm that each of the above named PDMRs have complied with their respective obligation to notify the Financial Conduct Authority of the above transactions as required under MAR.

 

-  END -

 

 

 

Rotork contact and telephone number for enquiries:

 

 

Stuart Pain, Group General Counsel &  Company Secretary

Tel:  +44 (0)1225 733 200

 

  

 

 

 

 

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