Last checked at 12 Apr 2021 16:00
12 April 2021
Rotork plc
Notification of transactions
by Persons Discharging Managerial Responsibilities ('PDMR')
Rotork plc ('Company') today provides notification of the following transactions which were effected outside of a trading venue on 9 April 2021 and which relate to the interests in the ordinary shares of nominal value 0.5 pence each in the capital of the Company ('Share(s)') (ISIN: GB00BVFNZH21) of each of the PDMRs named below.
The transactions arise in respect of the 2021 annual award of free Shares made under the Company's HMRC approved Share Incentive Plan ('SIP') and Overseas Profit-Linked Share Scheme ('OPLSS') to qualifying employees, including the PDMRs (each an 'Award'). The level of Award granted to participants was calculated in accordance with the SIP and OPSS rules and based on a Share price of 363.12 pence.
The Shares will normally be available for release from trust to the participant, in the case of the SIP, from the third anniversary of grant (ie, 9 April 2024) and, in the case of the OPLSS, from the second anniversary of grant (ie, 9 April 2023). Participants are entitled to receive any dividends paid on them by the Company for the duration of the respective holding periods.
Individual PDMR transaction details are set out in the table below:
Name and position of PDMR | Number of free Shares comprised in the Award made on 9 April 2021
|
Kevin Hostetler, Chief Executive
|
991 |
Jonathan Davis, Group Finance Director |
991 |
Paul Burke, Chief Information Officer |
991 |
Katherine Callaghan Group HR Director |
991 |
Kiet Huynh, MD - Chemical, Process & Industrial |
991 |
Neil Manning, MD- Oil & Gas |
991 |
Vijay Rao, Strategy and Mergers & Acquisitions Director |
991 |
Grant Wood, Operations Director |
991 |
The Company can confirm that each of the above named PDMRs has complied with their respective obligation to notify the Financial Conduct Authority of the above transactions as required under the EU Market Abuse Regulation.
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Rotork contact and telephone number for enquiries:
Joy Baldry, Deputy Company Secretary +44 (0) 7789 920457
Notes:
Legal Entity Identifier: 213800AH5RZIHGWRJ718