Intertek Group PLC Director/PDMR Shareholding (7003E)

TIDMITRK

RNS Number : 7003E

Intertek Group PLC

14 March 2022

Notification and public disclosure of transactions by persons discharging managerial responsibilities ('PDMR') and persons closely associated with them ('PCA')

On 11 March 2022, under the terms of the Intertek 2021 Long Term Incentive Plan (the 'Plan') André Lacroix, Chief Executive Officer and PDMR, and Jonathan Timmis, Chief Financial Officer and PDMR received the following rights to acquire ordinary shares of 1p each (the 'Shares') in the Company.

 
        Name           Number of    Number of Deferred 
                       LTIP Shares        Shares 
 André Lacroix      60,794           17,225 
                      ------------  ------------------ 
   Jonathan Timmis       21,533           6,930 
                      ------------  ------------------ 
 

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 GBP48.762.

No consideration was paid for the grant of the awards. No price is payable on the vesting of the awards.

Following this notification, André Lacroix has a total interest under all share plans of 206,868 shares and Jonathan Timmis has a total interest in share plans of 87,321 shares.

This announcement, including the notifications below, is made in accordance with DTR 3.1.2-A, incorporating article 19(1) of the Market Abuse Regulation.

 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                        1. André Lacroix 
                                   2. Jonathan Timmis 
     ========================== 
 2    Reason for the notification 
 a)   Position/status             1. Chief Executive Officer and PDMR 
                                   2. 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               Grant of right to acquire shares under the 
       transaction                 Intertek 2021 Long Term Incentive Plan 
 c)   Price(s) and volume(s)                    Price(s)    Volume(s) 
                                            1.   GBP 48.762    78,019 
                                               -----------  ---------- 
                                            2.   GBP 48.762    28,463 
                                               -----------  ---------- 
     ========================== 
 d)   Aggregated information              Price(s)    Volume(s) 
                                     1.   GBP 48.762    78,019 
                                         -----------  ---------- 
                                     2.   GBP 48.732    28,463 
                                         -----------  ---------- 
 e)   Date of the transaction     2022-03-11 
     ========================== 
 f)   Place of the transaction    Outside a trading venue 
===  ==========================  =========================================== 
 

For further information in respect of this announcement please contact:

Fiona Evans, Group Company Secretary [phone]

Date of notification: 14 March 2022

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March 14, 2022 09:00 ET (13:00 GMT)