REG - Rotork PLC - Director/PDMR Shareholding

RotorkAnnouncement

07/03/2023 11:00

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RNS Number : 1562S  Rotork PLC  07 March 2023

   7 March 2023

Rotork plc (the 'Company')

Notification of transactions

by Persons Discharging Managerial Responsibilities ("PDMR")

 

The following disclosures are given in fulfilment of the Company's obligations
under DTR 3.1 and the UK version of EU Market Abuse Regulation.  The Company
provides notification of the following transaction, effected on 3 March 2023
outside of a market venue, relating to the below named Executive Director and
his respective interests in the ordinary share capital of the Company (ISIN:
GB00BVFNZH21).

The transaction arises from the vesting of a conditional award over shares
granted to Jonathan Davis on 3 March 2020 under the Company's Deferred Annual
Bonus Plan relating to the three-year deferred element of his 2019 annual
bonus (and subsequent dealing to discharge the tax and social security
liability arising), with the balance of the shares being retained in the name
of Mr Davis' spouse.

 1    Details of the person discharging managerial responsibilities / closely

    associated person

 a)   Name

                                                                   Jonathan Davis

 2    Reason for the notification

 a)   Position/status                                               Group Finance 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 28,511 shares (including 1,767 dividend equivalents) upon the

                                                            vesting of a conditional award over shares granted on 3 March 2020 under the
                                                                   Company's Deferred Annual Bonus Plan. A total of 13,401 shares were sold to
                                                                   cover Mr Davis' income tax and social security liabilities on vesting and were
                                                                   purchased by Rotork's Employee Benefit Trust at the price of £3.2760, being
                                                                   the closing price for a share on 2 March 2023.  The net 15,110 shares
                                                                   retained will held in the name of Jonathan Davis' spouse, a Person Closely
                                                                   Associated with him as defined under the Market Abuse Regulations ('MAR').
 c)   Price(s) and volume(s)

            Price(s)  Volume(s)
                                                                                          Per share   £3.2760   13,401
                                                                                          Aggregated  £43,901

 

 d)   Date of the transaction                                      2023-03-03

 e)   Place of the transaction                                     Outside a trading venue.

c)

Price(s) and volume(s)

 

             Price(s)  Volume(s)
 Per share   £3.2760   13,401
 Aggregated  £43,901

 

 

d)

 

Date of the transaction

 

2023-03-03

e)

 

Place of the transaction

 

Outside a trading venue.

 

The Company can confirm that the above named PDMRs has complied with his
obligation to notify the Financial Conduct Authority of the above transactions
as required under the UK version of the EU Market Abuse Regulation.

 

-  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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