IMI PLC Director/PDMR Shareholding (6960G)

TIDMIMI

RNS Number : 6960G

IMI PLC

18 March 2020

18 March 2020

IMI PLC

(the "Company")

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

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                                                       1. Massimo Grassi 
                                                                 2. Jun Hu 
                                                                 3. Daniel Shook 
                                                                 4. Roy Twite 
     --------------------------------------------------------  ------------------------------------------------------- 
2.   Reason for the notification 
     ----------------------------------------------------------------------------------------------------------------- 
a)   Position/status                                            1. Divisional Managing Director 
                                                                 2. Divisional Managing Director 
                                                                 3. Chief Financial Officer 
                                                                 4. 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          Ordinary share 
     instrument, type of instrument 
 
     Identification code                    GB00BGLP8L22 
     ------------------------------------  --------------------------------------------------------------------------- 
b)   Nature of the transaction             1a Exercise of award in respect of 46,687 shares vesting under the IMI plc 
                                           Incentive Plan 
                                           (nil cost option). Sale of 21,988 shares to cover tax and dealing costs and 
                                           24,699 shares 
                                           retained. 
 
                                           1b Exercise of Deferred Bonus Shares award in respect of 11,134 shares 
                                           vesting under the IMI 
                                           plc Incentive Plan (nil cost option). Sale of 5,245 shares to cover tax and 
                                           dealing costs 
                                           and 5,889 shares retained. 
 
                                           2a Exercise of award in respect of 5,200 shares vesting under the IMI plc 
                                           Incentive Plan (nil 
                                           cost option). 
 
                                           2b Exercise of Deferred Bonus Shares award in respect of 5,002 shares 
                                           vesting under the IMI 
                                           plc Incentive Plan (nil cost option). 
 
                                           3a Exercise of award in respect of 25,759 shares vesting under the IMI plc 
                                           Incentive Plan 
                                           (nil cost option). Sale of 12,132 shares to cover tax and dealing costs and 
                                           13,627 shares 
                                           retained. 
 
                                           3b Exercise of Deferred Bonus Shares award in respect of 10,976 shares 
                                           vesting under the IMI 
                                           plc Incentive Plan (nil cost option). Sale of 5,170 shares to cover tax and 
                                           dealing costs 
                                           and 5,806 shares retained. 
 
                                           4 Exercise of award in respect of 38,043 shares vesting under the IMI plc 
                                           Incentive Plan (nil 
                                           cost option). Sale of 17,917 shares to cover tax and dealing costs and 
                                           20,126 shares retained 
                                           and transferred into spouse's name. 
     ------------------------------------  --------------------------------------------------------------------------- 
c)   Price(s) and volume(s)                Price(s)                               Volume(s) 
     ------------------------------------  -------------------------------------  ------------------------------------ 
                                           1a GBP7.888                              21,988 
   1b GBP7.888                                                                       5,245 
   3a GBP7.888                                                                       12,132 
   3b GBP7.888                                                                       5,170 
   4 GBP7.888                                                                        17,917 
  -------------------------------------                                           ------------------------------------ 
d)       Aggregated information            N/A 
           *    Aggregated volume 
 
 
           *    Price 
     ------------------------------------  --------------------------------------------------------------------------- 
e)   Date of the transaction               17 March 2020 
     ------------------------------------  --------------------------------------------------------------------------- 
f)   Place of the transaction              London Stock Exchange Main Market (XLON) 
     ------------------------------------  --------------------------------------------------------------------------- 
 
 

For further information, please contact:

John O'Shea

Group Legal Director and Company Secretary

Telephone: [phone]

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

DSHSFDFMAESSEID

(END) Dow Jones Newswires

March 18, 2020 12:56 ET (16:56 GMT)