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REG - Rotork PLC - Director/PDMR Shareholding

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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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