Last checked at 1 May 2024 14:56
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 SecretaryTelephone: 0121 717 3700