Sign In
Last checked at 
17 May 2022 15:30
17 May 2022
Rotork plc ('Company')
Notification of transactions by Persons Discharging Managerial Responsibilities ('PDMRs')
The Company provides notification of the following transactions, all effected on 16 May 2022 outside of a market venue, relating to the below named PDMRs and their respective interests in the ordinary share capital of the Company ('Shares') (ISIN: GB00BVFNZH21).
The transactions arise from the audited 9.4% vesting and immediate dealing by the PDMRs of their respective three-year performance related nil cost option ('NCO') over, or conditional award ('CA') of, Shares granted to them on 16 May 2019 under the Company's Long Term Incentive Plan 2019 ('LTIP') together with the vesting of Restricted Stock Unit Awards ('RSU Awards') which were granted to each of the PDMRs on 21 September 2021 and which also vested on 16 May 2022. Dividend equivalents have also been applied to each of the NCO, CA and RSU Awards in accordance with the LTIP and the Remuneration Policy. The Shares acquired were all existing market purchased Shares delivered by the Company's Employee Benefit Trust ('EBT'). The Shares sold were purchased by the EBT at the closing price of 270.4p per share for the trading day immediately preceding the date of the transaction, ie on Friday, 13 May 2022.
1
| Details of the person discharging managerial responsibilities / closely associated person
| |||||||||||||
a)
| Name
|
Kiet Huynh | ||||||||||||
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
| 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 financial instrument, type of instrument | Ordinary 0.5p shares | ||||||||||||
Identification code | ISIN GB00BVFNZH21 | |||||||||||||
b)
| Nature of the transaction
| Acquisition of Shares resulting from the exercise of 4,342 NCOs over Shares, the release of 18,759 RSU awards granted to Mr Huynh on 21 September 2021 prior to his appointment as an Executive Director and the application of 1,394 dividend equivalents to the NCOs and RSU awards upon vesting under the Company's 2019 Long Term Incentive Plan.
| ||||||||||||
c) | Price(s) and volume(s) |
| ||||||||||||
d)
| Date of the transaction
| 2022-05-16 | ||||||||||||
e)
| Place of the transaction
| Outside a trading venue | ||||||||||||
1
| Details of the person discharging managerial responsibilities / closely associated person
| |||||||||||||
a)
| Name
|
Kiet Huynh | ||||||||||||
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
| 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 financial instrument, type of instrument | Ordinary 0.5p shares | ||||||||||||
Identification code | ISIN GB00BVFNZH21 | |||||||||||||
b)
| Nature of the transaction
| Sale of 11,820 Shares to cover immediate personal income tax and social security liability arising on acquisition. The residual balance of 12,675 Shares will be held in the name of the PDMR's spouse, Gillian Huynh, a Person Closely Associated with him. | ||||||||||||
c) | Price(s) and volume(s) |
| ||||||||||||
d)
| Date of the transaction
| 2022-05-16 | ||||||||||||
e)
| Place of the transaction
| Outside a trading venue | ||||||||||||
1
| Details of the person discharging managerial responsibilities / closely associated person
| |||||||||||||
a)
| Name
|
Katherine Callaghan | ||||||||||||
2
| Reason for the notification
| |||||||||||||
a)
| Position/status
| Group HR Director | ||||||||||||
b)
| Initial notification /Amendment
| Initial notification | ||||||||||||
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 financial instrument, type of instrument | Ordinary 0.5p shares | ||||||||||||
Identification code | ISIN GB00BVFNZH21 | |||||||||||||
b)
| Nature of the transaction
| Acquisition of Shares resulting from the exercise of 4,869 NCOs over Shares, the release of 21,032 RSU awards and the application of 1,563 dividend equivalents to the NCOs and RSU awards upon vesting under the Company's 2019 Long Term Incentive Plan.
| ||||||||||||
c) | Price(s) and volume(s) |
| ||||||||||||
d)
| Date of the transaction
| 2022-05-16 | ||||||||||||
e)
| Place of the transaction
| Outside a trading venue. | ||||||||||||
1
| Details of the person discharging managerial responsibilities / closely associated person
| |||||||||||||
a)
| Name
|
Katherine Callaghan | ||||||||||||
2
| Reason for the notification
| |||||||||||||
a)
| Position/status
| Group HR Director | ||||||||||||
b)
| Initial notification /Amendment
| Initial notification | ||||||||||||
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 financial instrument, type of instrument | Ordinary 0.5p shares | ||||||||||||
Identification code | ISIN GB00BVFNZH21 | |||||||||||||
b)
| Nature of the transaction
| Sale of 13,253 Shares to cover immediate personal income tax and social security liability arising on acquisition. The residual balance of 14,211 Shares will be held in the name of the PDMR's spouse, Adrian Callaghan, a Person Closely Associated with her.
| ||||||||||||
c) | Price(s) and volume(s) |
| ||||||||||||
d)
| Date of the transaction
| 2022-05-16 | ||||||||||||
e)
| Place of the transaction
| Outside a trading venue. | ||||||||||||
1
| Details of the person discharging managerial responsibilities / closely associated person
| |||||||||||||
a)
| Name
|
Neil Manning | ||||||||||||
2
| Reason for the notification
| |||||||||||||
a)
| Position/status
| Managing Director - Oil & Gas | ||||||||||||
b)
| Initial notification /Amendment
| Initial notification | ||||||||||||
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 financial instrument, type of instrument | Ordinary 0.5p shares | ||||||||||||
Identification code | ISIN GB00BVFNZH21 | |||||||||||||
b)
| Nature of the transaction
| Acquisition of Shares resulting from the release of 4,330 CAs and 18,706 RSU Awards and the application of 1,390 dividend equivalents to the CAs and RSU awards upon vesting under the Company's 2019 Long Term Incentive Plan. | ||||||||||||
c) | Price(s) and volume(s) |
| ||||||||||||
d)
| Date of the transaction
| 2022-05-16 | ||||||||||||
e)
| Place of the transaction
| Outside a trading venue.
| ||||||||||||
1
| Details of the person discharging managerial responsibilities / closely associated person
| |||||||||||||
a)
| Name
|
Neil Manning | ||||||||||||
2
| Reason for the notification
| |||||||||||||
a)
| Position/status
| Managing Director - Oil & Gas | ||||||||||||
b)
| Initial notification /Amendment
| Initial notification | ||||||||||||
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 financial instrument, type of instrument | Ordinary 0.5p shares | ||||||||||||
Identification code | ISIN GB00BVFNZH21 | |||||||||||||
b)
| Nature of the transaction
| Sale of 5,948 Shares to cover immediate personal income tax and social security liability arising on acquisition. The residual balance of 18,478 Shares will be held by the PDMR. | ||||||||||||
c) | Price(s) and volume(s) |
| ||||||||||||
d)
| Date of the transaction
| 2022-05-16 | ||||||||||||
e)
| Place of the transaction
| Outside a trading venue.
| ||||||||||||
1
| Details of the person discharging managerial responsibilities / closely associated person
| |||||||||||||
a)
| Name
|
Lyndsey Norris | ||||||||||||
2
| Reason for the notification
| |||||||||||||
a)
| Position/status
| Managing Director - Chemical, Process & Industrial | ||||||||||||
b)
| Initial notification /Amendment
| Initial notification | ||||||||||||
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 financial instrument, type of instrument | Ordinary 0.5p shares | ||||||||||||
Identification code | ISIN GB00BVFNZH21 | |||||||||||||
b)
| Nature of the transaction
| Acquisition of Shares resulting from the exercise of 1,645 NCOs over Shares, the release of 7,105 RSU awards and the application of 527 dividend equivalents to the NCOs and RSU awards upon vesting under the Company's 2019 Long Term Incentive Plan. | ||||||||||||
c) | Price(s) and volume(s) |
| ||||||||||||
d)
| Date of the transaction
| 2022-05-16 | ||||||||||||
e)
| Place of the transaction
| Outside a trading venue. | ||||||||||||
1
| Details of the person discharging managerial responsibilities / closely associated person
| |||||||||||||
a)
| Name
|
Lyndsey Norris | ||||||||||||
2
| Reason for the notification
| |||||||||||||
a)
| Position/status
| Managing Director - Chemical, Process & Industrial | ||||||||||||
b)
| Initial notification /Amendment
| Initial notification | ||||||||||||
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 financial instrument, type of instrument | Ordinary 0.5p shares | ||||||||||||
Identification code | ISIN GB00BVFNZH21 | |||||||||||||
b)
| Nature of the transaction
| Sale of 4,477 Shares to cover immediate personal income tax and social security liability arising on acquisition. The residual balance of 4,800 Shares will be held by the PDMR.
| ||||||||||||
c) | Price(s) and volume(s) |
| ||||||||||||
d)
| Date of the transaction
| 2022-05-16 | ||||||||||||
e)
| Place of the transaction
| Outside a trading venue. | ||||||||||||
1
| Details of the person discharging managerial responsibilities / closely associated person
| |||||||||||||
a)
| Name
|
Grant Wood | ||||||||||||
2
| Reason for the notification
| |||||||||||||
a)
| Position/status
| Group Operations Director | ||||||||||||
b)
| Initial notification /Amendment
| Initial notification | ||||||||||||
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 financial instrument, type of instrument | Ordinary 0.5p shares | ||||||||||||
Identification code | ISIN GB00BVFNZH21 | |||||||||||||
b)
| Nature of the transaction
| Acquisition of Shares resulting from the exercise of 5,028 NCOs over Shares, the release of 21,718 RSU awards and the application of 1,613 dividend equivalents to the NCOs and RSU awards upon vesting under the Company's 2019 Long Term Incentive Plan. | ||||||||||||
c) | Price(s) and volume(s) |
| ||||||||||||
d)
| Date of the transaction
| 2022-05-16 | ||||||||||||
e)
| Place of the transaction
| Outside a trading venue. | ||||||||||||
1
| Details of the person discharging managerial responsibilities / closely associated person
| |||||||||||||
a)
| Name
|
Grant Wood | ||||||||||||
2
| Reason for the notification
| |||||||||||||
a)
| Position/status
| Group Operations Director | ||||||||||||
b)
| Initial notification /Amendment
| Initial notification | ||||||||||||
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 financial instrument, type of instrument | Ordinary 0.5p shares | ||||||||||||
Identification code | ISIN GB00BVFNZH21 | |||||||||||||
b)
| Nature of the transaction
| Sale of 13,685 Shares to cover immediate personal income tax and social security liability arising on acquisition. The residual balance of 14,674 Shares will be held in the name of the PDMR's spouse, Elizabeth Wood, a Person Closely Associated with him. | ||||||||||||
c) | Price(s) and volume(s) |
| ||||||||||||
d)
| Date of the transaction
| 2022-05-16 | ||||||||||||
e)
| Place of the transaction
| Outside a trading venue. | ||||||||||||
The Company can confirm that each of the above named PDMRs have complied with their respective obligation to notify the Financial Conduct Authority of the above transactions as required under MAR.
- END -
Rotork contact and telephone number for enquiries:
| |
Stuart Pain, Group General Counsel & Company Secretary | Tel: +44 (0)1225 733 200 |
Follow the stocks
