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Director/PDMR Shareholding

18 Mar 2026 16:53

RNS Number : 2015X
Spirax Group PLC
18 March 2026
 

18 March 2026

Notification and public disclosure of transactions by persons discharging managerial responsibilities ('PDMRs').

On 16 March 2026, the following ordinary shares in Spirax Group plc (the "Company") were acquired by the following PDMRs within the Company, as a result of the vesting of awards under the following share plans;

· Company PSP 2015 awarded in 2023

· Company PSP 2023 awarded in 2024 (Louisa Burdett was granted a share award, under the Company PSP 2023, to compensate her for remuneration forfeited with her previous employer when she joined the Company in 2024)

 

Of the shares that vested, a portion was sold automatically to cover tax liabilities, with the balance retained by the PDMR or sold, as set out in the table below;

 

Name of PDMR/Executive Director

Role

Number of shares vesting

Number of shares sold

Total number of shares retained

Nimesh Patel

Group Chief Executive Officer

1703

804

899

Louisa Burdett

Group Chief Financial Officer

1422

671

751

Jim Devine

Group HR Director

503

238

265

Andrew Mines

Managing Director, Electric Thermal Solutions

886

886

0

Sarah Peers

Group Director of Sustainability

503

238

265

Maurizio Preziosa

Managing Director, Steam Thermal Solutions

886

886

0

 

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Nimesh Patel

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Group 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

 

 

Spirax Group plc

b)

 

LEI

 

 

213800WFVZQMHOZP2W17

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

2612/13p Ordinary Shares

Identification code

ISIN: GB00BWFGQN14

b)

 

Nature of the transaction

 

 

Vesting of 1,703 Shares awarded under the Company 2015 Performance Share Plan (2023 Award).

c)

 

Price(s) and volume(s)

Price(s)

Volume(s)

Vesting (2023 Award)

Nil

1,703

d)

 

Aggregated information

Vesting

- Aggregated volume

1,703

- Aggregated Price

Nil

e)

 

Date of the transaction

 

 

16/03/2026

f)

 

Place of the transaction

 

 

Outside of a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Nimesh Patel

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Group 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

 

 

Spirax Group plc

b)

 

LEI

 

 

213800WFVZQMHOZP2W17

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

2612/13p Ordinary Shares

Identification code

ISIN: GB00BWFGQN14

b)

 

Nature of the transaction

 

 

Sale of sufficient number of shares vesting under the Company 2015 Performance Share Plan (2023 Award) to cover tax/NI

c)

 

Price(s) and volume(s)

Price(s)

Volume(s)

Sale to cover tax & NI

£66.55

804

d)

 

Aggregated information

Sale to cover tax & NI

- Aggregated volume

804 shares

- Aggregated Price

£66.55

e)

 

Date of the transaction

 

 

16/03/2026

f)

 

Place of the transaction

 

 

London Stock Exchange

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Louisa Burdett

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Group Chief Financial Officer

b)

 

Initial notification /Amendment

 

 

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Spirax Group plc

b)

 

LEI

 

 

213800WFVZQMHOZP2W17

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

2612/13p Ordinary Shares

Identification code

ISIN: GB00BWFGQN14

b)

 

Nature of the transaction

 

 

Vesting of 1,422 Shares awarded under the Company 2023 Performance Share Plan (2024 Award).

 

 

c)

 

Price(s) and volume(s)

Price(s)

Volume(s)

Vesting (2024 Award)

Nil

1,422

d)

 

Aggregated information

Vesting

- Aggregated Price

Nil

e)

 

Date of the transaction

 

 

16/03/2026

f)

 

Place of the transaction

 

 

Outside of a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Louisa Burdett

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Group Chief Financial Officer

b)

 

Initial notification /Amendment

 

 

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Spirax Group plc

b)

 

LEI

 

 

213800WFVZQMHOZP2W17

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

2612/13p Ordinary Shares

Identification code

ISIN: GB00BWFGQN14

b)

 

Nature of the transaction

 

 

Sale of sufficient number of shares vesting under the Company 2023 Performance Share Plan (2024 Award) to cover tax/NI

 

c)

 

Price(s) and volume(s)

Price(s)

Volume(s)

Sale to cover tax & NI

£66.55

671

d)

 

Aggregated information

Sale to cover tax & NI

- Aggregated volume

671 shares

- Aggregated Price

£66.55

e)

 

Date of the transaction

 

 

16/03/2026

f)

 

Place of the transaction

 

 

London Stock Exchange

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Maurizio Preziosa

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Managing Director, Steam Thermal Solutions (PDMR)

b)

 

Initial notification /Amendment

 

 

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Spirax Group plc

b)

 

LEI

 

 

213800WFVZQMHOZP2W17

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

2612/13p Ordinary Shares

Identification code

ISIN: GB00BWFGQN14

b)

 

Nature of the transaction

 

Vesting and sale of 886 Shares awarded under the Company 2015 Performance Share Plan (2023 Award).

c)

 

Price(s) and volume(s)

Price(s)

Volume(s)

Vesting (2023 Award)

Nil

886

 

 

d)

 

Aggregated information

Vesting

- Aggregated volume

886

- Aggregated Price

Nil

e)

 

Date of the transaction

 

 

16/03/2026

f)

 

Place of the transaction

 

 

Outside of a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Maurizio Preziosa

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Managing Director, Steam Thermal Solutions (PDMR)

b)

 

Initial notification /Amendment

 

 

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Spirax Group plc

b)

 

LEI

 

 

213800WFVZQMHOZP2W17

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

2612/13p Ordinary Shares

Identification code

ISIN: GB00BWFGQN14

b)

 

Nature of the transaction

 

Sale of all shares vesting under the Company 2015 Performance Share Plan (2023 Award).

c)

 

Price(s) and volume(s)

Price(s)

Volume(s)

Sale

£66.55

886

 

 

d)

 

Aggregated information

Sale

- Aggregated volume

886 shares

- Aggregated Price

£66.55

e)

 

Date of the transaction

 

 

16/03/2026

f)

 

Place of the transaction

 

 

London Stock Exchange

 

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Andrew Mines

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Managing Director, Electric Thermal Solutions (PDMR)

b)

 

Initial notification /Amendment

 

 

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Spirax Group plc

b)

 

LEI

 

 

213800WFVZQMHOZP2W17

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

2612/13p Ordinary Shares

Identification code

ISIN: GB00BWFGQN14

b)

 

Nature of the transaction

 

Vesting of 886 Shares awarded under the Company 2015 Performance Share Plan (2023 Award.

c)

 

Price(s) and volume(s)

Price(s)

Volume(s)

Vesting (2023 Award)

Nil

886

 

 

d)

 

Aggregated information

Vesting

- Aggregated volume

886

- Aggregated Price

Nil

e)

 

Date of the transaction

 

 

16/03/2026

f)

 

Place of the transaction

 

 

Outside of a trading venue

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Andrew Mines

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Managing Director, Electric Thermal Solutions (PDMR)

b)

 

Initial notification /Amendment

 

 

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Spirax Group plc

b)

 

LEI

 

 

213800WFVZQMHOZP2W17

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

2612/13p Ordinary Shares

Identification code

ISIN: GB00BWFGQN14

b)

 

Nature of the transaction

 

Sale of all shares vesting under the Company 2015 Performance Share Plan (2023 Award).

 

c)

 

Price(s) and volume(s)

Price(s)

Volume(s)

Sale

£66.55

886

 

 

d)

 

Aggregated information

Sale

- Aggregated volume

886 shares

- Aggregated Price

£66.55

e)

 

Date of the transaction

 

 

16/03/2026

f)

 

Place of the transaction

 

 

London Stock Exchange

 

 

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Sarah Peers

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Group Director of Sustainability (PDMR)

b)

 

Initial notification /Amendment

 

 

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Spirax Group plc

b)

 

LEI

 

 

213800WFVZQMHOZP2W17

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

2612/13p Ordinary Shares

Identification code

ISIN: GB00BWFGQN14

b)

 

Nature of the transaction

 

 

Vesting of 503 Shares awarded under the Company 2015 Performance Share Plan (2023 Award).

c)

 

Price(s) and volume(s)

Price(s)

Volume(s)

Vesting (2023 Award)

Nil

503

d)

 

Aggregated information

Vesting

- Aggregated volume

503

- Aggregated Price

Nil

e)

 

Date of the transaction

 

 

16/03/2026

f)

 

Place of the transaction

 

 

Outside of a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Sarah Peers

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Group Director of Sustainability (PDMR)

b)

 

Initial notification /Amendment

 

 

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Spirax Group plc

b)

 

LEI

 

 

213800WFVZQMHOZP2W17

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

2612/13p Ordinary Shares

Identification code

ISIN: GB00BWFGQN14

b)

 

Nature of the transaction

 

 

Sale of sufficient number of shares vesting under the Company 2015 Performance Share Plan (2023 Award) to cover tax/NI

 

c)

 

Price(s) and volume(s)

Price(s)

Volume(s)

Sale to cover tax & NI

£66.55

238

d)

 

Aggregated information

Sale to cover tax & NI

- Aggregated volume

238 shares

- Aggregated Price

£66.55

e)

 

Date of the transaction

 

 

16/03/2026

f)

 

Place of the transaction

 

 

London Stock Exchange

 

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Jim Devine

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Group HR Director (PDMR)

b)

 

Initial notification /Amendment

 

 

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Spirax Group plc

b)

 

LEI

 

 

213800WFVZQMHOZP2W17

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

2612/13p Ordinary Shares

Identification code

ISIN: GB00BWFGQN14

b)

 

Nature of the transaction

 

 

Vesting of 503 Shares awarded under the Company 2015 Performance Share Plan (2023 Award).

c)

 

Price(s) and volume(s)

Price(s)

Volume(s)

Vesting (2023 Award)

Nil

503

d)

 

Aggregated information

Vesting

- Aggregated volume

503

- Aggregated Price

Nil

e)

 

Date of the transaction

 

 

16/03/2026

f)

 

Place of the transaction

 

 

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Jim Devine

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Group HR Director (PDMR)

b)

 

Initial notification /Amendment

 

 

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Spirax Group plc

b)

 

LEI

 

 

213800WFVZQMHOZP2W17

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

2612/13p Ordinary Shares

Identification code

ISIN: GB00BWFGQN14

b)

 

Nature of the transaction

 

 

Sale of sufficient number of shares vesting under the Company 2015 Performance Share Plan (2023 Award) to cover tax/NI

 

c)

 

Price(s) and volume(s)

Price(s)

Volume(s)

Sale to cover tax & NI

£66.55

238

d)

 

Aggregated information

Sale to cover tax & NI

- Aggregated volume

238 shares

- Aggregated Price

£66.55

e)

 

Date of the transaction

 

 

16/03/2026

f)

 

Place of the transaction

 

 

London Stock Exchange

 

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END
 
 
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