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.

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Rotork contact and telephone number for enquiries:
Stuart Pain, Group General Counsel &  Company Secretary	Tel:  [phone]

 

END

 

 

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