Director/PDMR Shareholding

RNS Number : 3762U

Rotork PLC

27 March 2023

 

27 March 2023

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 following disclosures are given in fulfilment of the Company's obligations under DTR 3.1 and the UK version of EU Market Abuse Regulation.

The transactions arise from awards, made to each of the PDMRs by the Remuneration Committee on 24 March 2023, 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 2023 to 31 December 2025 are satisfied in full. The number of Shares have been calculated by reference to a price of £3.0676, 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 358,586 Aggregated £nil N/A single transaction
d)	Date of the transaction	2023-03-24
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 211,978 Aggregated £nil N/A single transaction
d)	Date of the transaction	2023-03-24
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 61,477 Aggregated £nil N/A single transaction
d)	Date of the transaction	2023-03-24
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 HR 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 57,373 Aggregated £nil N/A single transaction
d)	Date of the transaction	2023-03-24
e)	Place of the transaction	Outside a trading venue.

1	Details of the person discharging managerial responsibilities / closely associated person
a)	Name	Metin Gerceker
2	Reason for the notification
a)	Position/status	Managing Director, Water & Power
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 57,373 Aggregated £nil N/A single transaction
d)	Date of the transaction	2023-03-24
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	Business Transformation 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 46,942 Aggregated £nil N/A single transaction
d)	Date of the transaction	2023-03-24
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 59,267 Aggregated £nil N/A single transaction
d)	Date of the transaction	2023-03-24
e)	Place of the transaction	Outside a trading venue.

1	Details of the person discharging managerial responsibilities / closely associated person
a)	Name	Ross Pascoe
2	Reason for the notification
a)	Position/status	Chief Technology 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 45,638 Aggregated £nil N/A single transaction
d)	Date of the transaction	2023-03-24
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 55,438 Aggregated £nil N/A single transaction
d)	Date of the transaction	2023-03-24
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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