Director/PDMR Shareholding

Rotork PLC

26 March 2024

 

   26 March 2024

Rotork plc (the 'Company')

Notification of transactions

by Persons Discharging Managerial Responsibilities ("PDMR")

The Company provides notification of the following transactions, effected on 25 March 2024, outside of a market venue, relating to the below named PDMRs and their respective interests in the ordinary share capital of the Company ('Shares').

The transactions arise from the audited 13.8% vesting of awards of nil cost options over Shares granted to the respective PDMRs shown below in 2021 under the Company's LTIP and, where relevant, the subsequent exercise, acquisition, sale and transfer by the named PDMRs. Dividend equivalents have also been applied to the 2021 LTIP Awards. Those Shares sold were purchased by the Company's Employee Benefit Trust at the price of 336.80p per share, being the closing price on the last trading day preceding the date of vesting.

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	Vesting of an award of 6,028 nil cost options over Shares under the rules of the Company's LTIP and the application of 445 shares representing dividend equivalents upon vesting.
c)	Price(s) and volume(s)		Price(s) Volume(s) Per share £nil 6,473 Aggregated N/A single transaction
d)	Date of the transaction	2024-03-25
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	Executive 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	Vesting of an award of 23,446 nil cost options over Shares under the rules of the Company's LTIP and the application of 1,726 Shares representing dividend equivalents upon vesting.
c)	Price(s) and volume(s)		Price(s) Volume(s) Per share £nil 25,172 Aggregated N/A single transaction
d)	Date of the transaction	2024-03-25
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	(i)    Vesting and exercise of an award of 6,977 nil cost options over Shares under the rules of the Company's LTIP and the application of 512 Shares representing dividend equivalents upon vesting; the acquisition of the aggregate 7,489 Shares upon exercise. (ii)   Subsequent sale of 3,520 Shares to cover personal income tax and social security liability arising on acquisition.  The residual balance of 3,969 Shares will be held in Mr Burke's Global Nominee Account.
c)	Price(s) and volume(s)		(i) Price(s) Volume(s) Per share £nil 7,489 Aggregated N/A single transaction (ii) Price(s) Volume(s) Per share £3.368 3,520 Aggregated £11,855.36
d)	Date of the transaction	2024-03-25
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 and 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	(i)    Vesting and exercise of an award of 7,128 nil cost options over Shares under the rules of the Company's LTIP and the application of  524 Shares representing dividend equivalents upon vesting; the acquisition of the aggregate 7,652 Shares upon exercise. (ii)   Subsequent sale of 3,597 Shares to cover personal income tax and social security liability arising on acquisition. The residual balance of 4,055 Shares will be held in Mr Pain's Global Nominee Account.
c)	Price(s) and volume(s)		(i) Price(s) Volume(s) Per share £nil 7,652 Aggregated N/A single transaction (ii) Price(s) Volume(s) Per share £3.368 3,597 Aggregated £12,114.70
d)	Date of the transaction	2024-03-25
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	Vesting of an award of 2,225 nil cost options over Shares under the rules of the Company's LTIP and the application of 164 Shares representing dividend equivalents upon vesting.
c)	Price(s) and volume(s)		Price(s) Volume(s) Per share £nil 49,381 Aggregated N/A single transaction
d)	Date of the transaction	2024-03-25
e)	Place of the transaction	Outside a trading venue.

1	Details of the person discharging managerial responsibilities / closely associated person
a)	Name	Kathy 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	Vesting of an award of 5,979 nil cost options over Shares under the rules of the Company's LTIP and the application of 440 Shares representing dividend equivalents upon vesting.
c)	Price(s) and volume(s)		Price(s) Volume(s) Per share £nil 6,419 Aggregated N/A single transaction
d)	Date of the transaction	2024-03-25
e)	Place of the transaction	Outside a trading venue.

The Company can confirm that each of the above named PDMRs has complied with their respective obligations to notify the Financial Conduct Authority of the above transactions as required under the UK 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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