REG - Rotork PLC - Director/PDMR Shareholding
17/05/2022 15:30
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RNS Number : 8185L Rotork PLC 17 May 2022
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)
Price(s) Volume(s)
Per share £nil 24,495
Aggregated £nil N/A single transaction
d) Date of the transaction 2022-05-16
e) Place of the transaction Outside a trading venue
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)
Price(s) Volume(s)
Per share £2.704 11,820
Aggregated £31,961.28 11,820
d) Date of the transaction 2022-05-16
e) Place of the transaction Outside a trading venue
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)
Price(s) Volume(s)
Per share £nil 27,464
Aggregated £nil N/A single transaction
d) Date of the transaction 2022-05-16
e) Place of the transaction Outside a trading venue.
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)
Price(s) Volume(s)
Per share £2.704 13,253
Aggregated £35,836.11 13,253
d) Date of the transaction 2022-05-16
e) Place of the transaction Outside a trading venue.
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)
Price(s) Volume(s)
Per share £nil 24,426
Aggregated £nil N/A single transaction
d) Date of the transaction 2022-05-16
e) Place of the transaction Outside a trading venue.
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)
Price(s) Volume(s)
Per share £2.704 5,948
Aggregated £16,083.39 5,948
d) Date of the transaction 2022-05-16
e) Place of the transaction Outside a trading venue.
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)
Price(s) Volume(s)
Per share £nil 9,277
Aggregated £nil N/A single transaction
d) Date of the transaction 2022-05-16
e) Place of the transaction Outside a trading venue.
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)
Price(s) Volume(s)
Per share £2.704 4,477
Aggregated £12,105.81 4,477
d) Date of the transaction 2022-05-16
e) Place of the transaction Outside a trading venue.
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)
Price(s) Volume(s)
Per share £nil 28,359
Aggregated £nil N/A single transaction
d) Date of the transaction 2022-05-16
e) Place of the transaction Outside a trading venue.
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)
Price(s) Volume(s)
Per share £2.704 13,685
Aggregated £37,004.24 13,685
d) Date of the transaction 2022-05-16
e) Place of the transaction Outside a trading venue.
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
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