IMI PLC Director/PDMR Shareholding
May 01 2024 - 8:56AM
RNS Regulatory News
RNS Number : 8718M
IMI PLC
01 May 2024
1 May
2024
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 9 April 2024 to all
eligible UK employees, options over an aggregate of
46,776 Shares were granted on 1 May 2024 under the IMI Sharesave
Plan (the "Scheme").
The Scheme is an all-employee scheme which gives the opportunity to
eligible UK employees to acquire Shares at a discount of
10% of the market value of the Shares at the time the invitation
was issued. In consideration of these
options, the grantees will make monthly savings during the
associated savings contract. The exercise price is £16.218 per
share.
Options granted to a
PDMR:
Name
|
Position
|
No. of shares under options
granted
|
Savings Contract
Period
|
Roy Twite
|
Chief Executive Officer
|
1,109
|
3
years
|
This notification relates to
transactions notified in accordance with the Market Abuse
Regulation, further details below:
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 shares of 28 4/7p each
GB00BGLP8L22
|
b)
|
Nature of the transaction
|
Grant of options under the all-employee HMRC IMI
Sharesave Plan.
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
£16.218
|
1,109
|
d)
|
Aggregated information
· Aggregated volume
· Price
|
N/A single transaction
|
e)
|
Date of the transaction
|
1 May 2024
|
f)
|
Place of the transaction
|
Outside of a trading venue
|
|
|
|
| |
For further information, please
contact:
Fran Burge
Assistant Company Secretary
Telephone: 0121 717 3700
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END
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