Intertek Group PLC Director/PDMR Shareholding (3730U)
April 01 2021 - 9:10AM
UK Regulatory
TIDMITRK
RNS Number : 3730U
Intertek Group PLC
01 April 2021
Notification and public disclosure of transactions by persons
discharging managerial responsibilities ('PDMR') and persons
closely associated with them ('PCA')
On 1 April 2021, as part of the remuneration terms relating to
his appointment as an Executive Director, the Company agreed to
compensate Jonathan Timmis for performance share awards, share
option awards and one-off restricted awards forfeited by him on
leaving Reckitt Benckiser Group plc and awarded Jonathan Timmis an
award of 39,000 ordinary shares of 1p each (the 'Shares') to vest
as follows:
a. 13,000 shares to vest on the first anniversary of grant;
b. 13,000 shares to vest on the second anniversary of grant;
and
c. 13,000 shares to vest on the third anniversary of grant.
The Shares shall normally vest subject to continued employment
with the Intertek Group and are further subject to the holding
requirements as per the Group's Remuneration Policy.
Also, under the terms of the Intertek 2021 Long Term Incentive
Plan, Jonathan Timmis received the following rights to acquire
18,713 ordinary shares of 1p each ('LTIP Shares') in the Company.
The LTIP Shares shall normally vest three (3) years from the grant
date, subject to continued employment with the Intertek Group and
are further subject to the achievement of performance targets and
holding requirements as per the Group's Remuneration Policy.
The awards were granted on the basis of an average share price
of GBP56.108.
No consideration was paid for the grant of the awards. No price
is payable on the vesting of the awards.
Following this notification, Jonathan Timmis has a total
interest under all share plans of 57,713 shares and a beneficial
holding of 548 shares in the Company, representing 0.00034% of the
total voting rights of the Company.
This announcement, including the notification below, is made in
accordance with the requirements of the EU Market Abuse
Regulation.
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Jonathan Timmis
-------------------------
2 Reason for the notification
a) Position/status Chief Financial Officer and PDMR
-------------------------
b) Initial notification Initial notification
/Amendment
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
a) Name Intertek Group plc
b) LEI 2138003GAT25WW1RN369
-------------------------
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 Ordinary 1p shares
the financial
instrument, type
of instrument
ISIN: GB0031638363
Identification
code
-------------------------
b) Nature of the (1) Grant of awards in line with the remuneration
transaction terms agreed on appointment and to compensate
for forfeited Reckitt Benckiser awards and
(2) Grant of right to acquire shares under
the Intertek 2021 Long Term Incentive Plan.
c) Price(s) and volume(s) Price(s) Volume(s)
(1) GBP56.108 39,000
---------- ----------
(2) GBP56.108 18,713
---------- ----------
-------------------------
d) Aggregated information
* Aggregated volume 57,713 ordinary shares
GBP56.108
* Price
e) Date of the transaction 2021-04-01
-------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------- --------------------------------------------------
For further information in respect of this announcement please
contact:
Fiona Evans, Group Company Secretary +44(0) 207 396 3428
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END
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