Director/PDMR Shareholding

Rotork PLC

11 March 2024

 

   11 March 2024

Rotork plc (the 'Company')

Notification of transactions

by Persons Discharging Managerial Responsibilities ("PDMR")

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 Company provides notification of the following transactions, effected on 8 and 11 March 2024 outside of a market venue, relating to the below named Executive Directors and their respective interests in the ordinary share capital of the Company (ISIN: GB00BVFNZH21). 

The transactions arise from: (i) a conditional award of shares granted on 11 March 2024 to Kiet Huynh and Jonathan Davis under the Company's Deferred Annual Bonus Plan 2018 ("DABP") relating to the three-year deferred element of their respective 2023 annual bonus, and (ii) the vesting of a conditional award of shares granted to Jonathan Davis on 8 March 2021 under the DABP relating to the three-year deferred element of his 2020 annual bonus (and subsequent dealing to discharge the tax and social security liability arising), with the balance of the shares being retained in the name of Carol Davis, a person closely associated with Mr Davis.  

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 a conditional award of shares under the rules of the Company's DABP.
c)	Price(s) and volume(s)		Price(s) Volume(s) Per share £3.242 104,067 Aggregated £337,385
d)	Date of the transaction	2024-03-11
e)	Place of the transaction	Outside a trading venue.

1	Details of the person discharging managerial responsibilities / closely associated person
a)	Name	Jonathan 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	i.      Grant of a conditional award of shares under the rules of the Company's DABP. ii.     Acquisition of 9,170 Shares (including 626 dividend equivalents) upon the vesting of a conditional award of shares granted on 8 March 2021 under the Company's DABP.  A total of 4,310 shares were sold to cover Mr Davis' income tax and social security liabilities on vesting and were purchased by Rotork's Employee Benefit Trust at the price of 323.60p per share, being the closing price for a share on 7  March 2024.  The net 4,860 shares retained will be held in the name of Carol Davis, a Person Closely Associated with Mr Davis as defined under the Market Abuse Regulations.
c)	Price(s) and volume(s)		i Price(s) Volume(s) Per share £3.242 54,990 Aggregated £178,278 ii Price(s) Volume(s) Per share £3.236 4,310 Aggregated £13,947
d)	Date of the transaction	(i)            2024-03-11 (ii)           2024-03-08
e)	Place of the transaction	Outside a trading venue.

The Company can confirm that the above named PDMRs have complied with his obligation to notify the Financial Conduct Authority of the above transactions as required under the UK version of the EU Market Abuse Regulation.

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Rotork contact and telephone number for enquiries:

Stuart Pain, Group General Counsel &  Company Secretary

Tel:  [phone]

 

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