Last checked at 8 Apr 2022 14:53
8 April 2022
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 Monday 7 March 2022 to all eligible UK employees, 16,808 Shares were awarded on 7 April 2022 under the IMI Employee Share Ownership Plan (the "ESOP"). The ESOP is an all-employee scheme which gives the opportunity to eligible UK employees to receive free Shares at market value up to a maximum value of £3,600.
Shares awarded to a PDMR:
Name | Position | No. of free shares awarded under ESOP |
Louise Waldek | Group General Counsel & Company Secretary | 47 |
Shares are held within the ESOP trust until an employee leaves or sells their award. Eligible employees make no consideration to receive these awards. However, there are different tax treatments depending on how long the Shares remain within the ESOP trust. The price on the day of the award was £12.90 per share.
This announcement is an initial announcement. The Company's identification code is GB00BGLP8L22. The award of the ESOP Shares occurred outside a trading venue.
The FCA notification, made in accordance with the requirements of the Market Abuse Regulation is appended below and gives further details on the option grants for directors and PDMRs.
1. | Details of the person discharging managerial responsibilities/ person closely associated | |||
a) | Name | Louise Waldek | ||
2. | Reason for the notification | |||
a) | Position/status | Group General Counsel & Company Secretary | ||
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 share GB00BGLP8L22 | ||
b) | Nature of the transaction | Award of Free shares under the all-employee HMRC Employee Share Ownership Plan.
| ||
c) | Price(s) and volume(s) | Price(s) | Volume(s) | |
£12.90 | 47 | |||
d) | Aggregated information · Aggregated volume · Price | N/A Single transaction | ||
e) | Date of the transaction | 7 April 2022 | ||
f) | Place of the transaction | Outside a trading venue | ||
For further information, please contact:
Louise WaldekGroup General Counsel and Company SecretaryTelephone: 0121 717 3700