Director/PDMR Shareholding

RNS Number : 8482H

IMI PLC

08 April 2022

 

8 April 2022

IMI PLC (the "Company")

Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs") and Persons Closely Associated with them

The Company announces the following transaction by a PDMR in the Company's ordinary shares ("Shares"). 

Pursuant to invitations issued on Monday 7 March 2022 to all eligible UK employees, 16,808 Shares were awarded on 7 April 2022 under the IMI Employee Share Ownership Plan (the "ESOP"). The ESOP is an all-employee scheme which gives the opportunity to eligible UK employees to receive free Shares at market value up to a maximum value of £3,600.

Shares awarded to a PDMR:

Name	Position	No. of free shares awarded under ESOP
Roy Twite	Chief Executive Officer	279

Shares are held within the ESOP trust until an employee leaves or sells their award. Eligible employees make no consideration to receive these awards. However, there are different tax treatments depending on how long the Shares remain within the ESOP trust. The price on the day of the award was £12.90 per share.

This announcement is an initial announcement.  The Company's identification code is GB00BGLP8L22.  The award of the ESOP Shares occurred outside a trading venue. 

The FCA notification, made in accordance with the requirements of the Market Abuse Regulation is appended below and gives further details on the option grants for directors and PDMRs.

1.	Details of the person discharging managerial responsibilities/ person closely associated
a)	Name		Roy Twite
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		IMI plc
b)	LEI		2138002W9Q21PF751R30
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument   Identification code	Ordinary share   GB00BGLP8L22
b)	Nature of the transaction	Award of Free shares under the all-employee HMRC Employee Share Ownership Plan.
c)	Price(s) and volume(s)	Price(s)		Volume(s)
		£12.90		279
d)	Aggregated information · Aggregated volume · Price	N/A Single transaction
e)	Date of the transaction	7 April 2022
f)	Place of the transaction	Outside a trading venue

For further information, please contact:

Louise Waldek
Group General Counsel and Company Secretary
Telephone: [phone]

 

END

 

 

DSHSSMFLAEESEFL