Director/PDMR Shareholding

Rotork PLC

11 April 2024

 

11 April 2024

Rotork plc (the 'Company')

Notification of transactions

by a Person Discharging Managerial Responsibilities ("PDMR")

Rotork PLC (the "Company") announces that on 11 April 2024 Ben Peacock was granted conditional share awards over an aggregate of 70,640 ordinary shares in the Company (the "Awards"). The number of shares over which Awards were granted was calculated using the average of the market prices at the close of trading on the London Stock Exchange on the five dealing days prior to the grant date, being £3.2624 per ordinary share.

The Awards were granted to facilitate the recruitment of Ben Peacock and to compensate him for awards forfeited by him as a result of leaving his previous employer to move to the Company. In determining the structure of the Awards the form, timing and expected value of the forfeited awards were considered.

The Awards will be satisfied by way of a transfer of shares by the trustee of the Company's employee benefit trust. The Awards will be subject to malus and clawback provisions, and continued employment (subject to market-standard good leaver provisions). Save for this, the Awards are not subject to any performance condition.

The Awards vest in three tranches. The first tranche vested on 11 April 2024, and consequently 8,811 shares were transferred to Mr Peacock on 11 April 2024. A further 31,897 shares will vest on 11 April 2025 and 29,932 shares will vest on 18 April 2026.

1	Details of the person discharging managerial responsibilities / closely associated person
a)	Name	Ben Peacock
2	Reason for the notification
a)	Position/status	Chief Financial 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 transactions	(i)    Grant of Conditional Share Awards. (ii)   Acquisition of shares pursuant to the vesting of a Conditional Share Award.
c)	Price(s) and volume(s)		(i) Price(s) Volume(s) Per share £nil 70,640 Aggregated N/A single transaction (ii) Price(s) Volume(s) Per share £nil 8,811 Aggregated N/A single transaction
d)	Date of the transactions	2024-04-11
e)	Place of the transaction	Outside a trading venue.

The Company can confirm that the above named PDMR has complied with his obligation 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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