Last checked at 26 Mar 2024 17:28
26 March 2024
Rotork plc (the 'Company')
Notification of transactions
by Persons Discharging Managerial Responsibilities ("PDMR")
The Company provides notification of the following transactions, effected on 25 March 2024, outside of a market venue, relating to the below named PDMRs and their respective interests in the ordinary share capital of the Company ('Shares').
The transactions arise from the audited 13.8% vesting of awards of nil cost options over Shares granted to the respective PDMRs shown below in 2021 under the Company's LTIP and, where relevant, the subsequent exercise, acquisition, sale and transfer by the named PDMRs. Dividend equivalents have also been applied to the 2021 LTIP Awards. Those Shares sold were purchased by the Company's Employee Benefit Trust at the price of 336.80p per share, being the closing price on the last trading day preceding the date of vesting.
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
|
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c) | Price(s) and volume(s) |
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d)
| Date of the transaction
| 2024-03-25 | ||||||||||||
e)
| Place of the transaction | Outside a trading venue. | ||||||||||||
1
| Details of the person discharging managerial responsibilities / closely associated person
| |||||||||||||
a)
| Name
| Jonathan Davis | ||||||||||||
2
| Reason for the notification
| |||||||||||||
a)
| Position/status
| Executive 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
| Vesting of an award of 23,446 nil cost options over Shares under the rules of the Company's LTIP and the application of 1,726 Shares representing dividend equivalents upon vesting. | ||||||||||||
c) | Price(s) and volume(s) |
| ||||||||||||
d)
| Date of the transaction
| 2024-03-25
| ||||||||||||
e)
| Place of the transaction
| Outside a trading venue. | ||||||||||||
1
| Details of the person discharging managerial responsibilities / closely associated person
| ||||||||||||||||||||||||
a)
| Name
| Paul Burke | |||||||||||||||||||||||
2
| Reason for the notification
| ||||||||||||||||||||||||
a)
| Position/status
| Chief Information 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
|
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c) | Price(s) and volume(s) |
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d)
| Date of the transaction
| 2024-03-25
| |||||||||||||||||||||||
e)
| Place of the transaction
| Outside a trading venue. | |||||||||||||||||||||||
1
| Details of the person discharging managerial responsibilities / closely associated person
| ||||||||||||||||||||||||
a)
| Name
| Stuart Pain | |||||||||||||||||||||||
2
| Reason for the notification
| ||||||||||||||||||||||||
a)
| Position/status
| Group General Counsel and 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
| 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
|
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c) | Price(s) and volume(s) |
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d)
| Date of the transaction
| 2024-03-25
| |||||||||||||||||||||||
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
| Business Transformation 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
|
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c) | Price(s) and volume(s)
|
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d)
| Date of the transaction
| 2024-03-25 | ||||||||||||
e)
| Place of the transaction
| Outside a trading venue. | ||||||||||||
1
| Details of the person discharging managerial responsibilities / closely associated person
| |||||||||||||
a)
| Name
| Kathy 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
|
| ||||||||||||
c) | Price(s) and volume(s) |
| ||||||||||||
d)
| Date of the transaction
| 2024-03-25 | ||||||||||||
e)
| Place of the transaction
| Outside a trading venue. | ||||||||||||
The Company can confirm that each of the above named PDMRs has complied with their respective obligations to notify the Financial Conduct Authority of the above transactions as required under the UK Market Abuse Regulation.
- END -
Rotork contact and telephone number for enquiries:
Stuart Pain, Group General Counsel & Company Secretary |
Tel: +44 (0)1225 733 200 |