Rotork PLC Director/PDMR Shareholding (7220P)

TIDMROR

RNS Number : 7220P

Rotork PLC

04 September 2017

Monthly share purchase by Executive Chairman

Rotork plc (the "Company") announces that it has been notified of the following transaction in the Company's ordinary 0.5p shares undertaken by a director/person discharging managerial responsibility.

Acquisition of ordinary shares by Martin Lamb, Executive Chairman, under a monthly rolling share purchase agreement with the Company during the period that he also acts as interim Chief Executive. Martin Lamb has volunteered to invest all the additional net fees that he will receive for undertaking the interim Chief Executive role in the Company's ordinary shares and to hold them for a minimum of two years following purchase.

The notifications set out below are provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulations.

 
 1     Details of the person discharging managerial responsibilities/persons 
        closely associated 
----  -------------------------------------------------------------------------------------- 
 a)    Name                                         Martin Lamb 
----  ------------------------------------------  ------------------------------------------ 
 2     Reason for the notification 
----  -------------------------------------------------------------------------------------- 
 a)    Position/status                             PDMR/Executive Chairman 
----  ------------------------------------------  ------------------------------------------ 
 b)    Initial notification                        Initial notification 
        /Amendment 
----  ------------------------------------------  ------------------------------------------ 
 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                          Ordinary 0.5p shares 
        financial instrument, 
        type of instrument 
---- 
 
       Identification code                         ISIN GB00BVFNZH21 
 
 b)    Nature of the transaction                   Monthly acquisition of shares using 
                                                    amounts deducted from net monthly 
                                                    fees of Executive Chairman. 
----  ------------------------------------------  ------------------------------------------ 
 c)    Price(s) and volume(s) 
----                                               -------------------  ------------------ 
                                                    Price(s)             Volume(s) 
----                                               -------------------  ------------------ 
                                                              GBP2.293              13,985 
   -------------------------------------------------------------------  ------------------ 
 
 d)    Aggregated information 
---- 
 
  - Aggregated volume                         n/a (single transaction) 
 
  - Price 
 
 e)    Date of the transaction                     31/08/2017 (GMT) 
----  ------------------------------------------  ------------------------------------------ 
 f)    Place of the transaction                    London Stock Exchange 
----  ------------------------------------------  ------------------------------------------ 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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September 04, 2017 05:40 ET (09:40 GMT)