REG - Rotork PLC - Director/PDMR Shareholding
28/04/2023 15:45
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230428:nRSb9345Xa&default-theme=true
RNS Number : 9345X Rotork PLC 28 April 2023
28 April 2023
Rotork plc ('Company')
Notification of transactions by Persons Discharging Managerial
Responsibilities ('PDMRs')
The Company provides notification of the following transactions, all effected
on 28 April 2023 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 acquisition of Shares following the vesting of
the Restricted Stock Unit Awards vesting ('RSU Awards') which were granted to
each of the PDMRs on 21 September 2021 and the subsequent dealing by the
PDMRs. Dividend equivalents have also been applied to the RSU Awards. The
Shares sold were purchased by the Company's Employee Benefit Trust at the
agreed price of 307.6p 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 1. Acquisition of Shares resulting from the release of 30,356 RSU awards
granted to Mr Huynh on 20 September 2021 prior to his appointment as an
Executive Director and the application of 778 dividend equivalents to the RSU
awards upon vesting.
2. Sale of 14,633 Shares to cover personal income tax and social security
liability arising on acquisition. The residual balance of 16,501 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)
1. Acquisition of shares
Price(s) Volume(s)
Per share £nil 31,134
Aggregated £nil N/A single transaction
2. Sale to cover tax and social security liabilities
Price(s) Volume(s)
Per share £3.076 14,633
Aggregated £45,011.11 14,633
d) Date of the transaction 2023-04-28
e) Place of the transaction Outside a trading venue
2. Sale to cover tax and social security liabilities
Price(s) Volume(s)
Per share £3.076 14,633
Aggregated £45,011.11 14,633
d)
Date of the transaction
2023-04-28
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 1. Acquisition of Shares resulting from the release of 34,036 RSU awards and
the application of 873 dividend equivalents to the RSU awards upon vesting
under the Company's 2019 Long Term Incentive Plan.
2. Sale of 16,408 Shares to cover personal income tax and social security
liability arising on acquisition. The residual balance of 18,501 Shares will
be held by the PDMR.
c) Price(s) and volume(s) 1. Acquisition of Shares
Price(s) Volume(s)
Per share £nil 34,909
Aggregated £nil N/A single transaction
2. Sale to cover tax and social security liabilities
Price(s) Volume(s)
Per share £3.076 16,408
Aggregated £50,471.00 16,408
d) Date of the transaction 2023-04-28
e) Place of the transaction Outside a trading venue.
2. Sale to cover tax and social security liabilities
Price(s) Volume(s)
Per share £3.076 16,408
Aggregated £50,471.00 16,408
d)
Date of the transaction
2023-04-28
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 1. Acquisition of Shares resulting from the release of 11,470 RSU awards and
the application of 293 dividend equivalents to the RSU awards upon vesting
under the Company's 2019 Long Term Incentive Plan.
2. Sale of 5,529 Shares to cover personal income tax and social security
liability arising on acquisition. The residual balance of 6,234 Shares will be
held in the name of the PDMR's spouse, Lee Norris, a Person Closely Associated
with her.
c) Price(s) and volume(s)
1. Acquisition of Shares
Price(s) Volume(s)
Per share £nil 11,763
Aggregated £nil N/A single transaction
2. Sale to cover tax and social security liabilities
Price(s) Volume(s)
Per share £3.076 5,529
Aggregated £17,007.20 5,529
d) Date of the transaction 2023-04-28
e) Place of the transaction Outside a trading venue.
2. Sale to cover tax and social security liabilities
Price(s) Volume(s)
Per share £3.076 5,529
Aggregated £17,007.20 5,529
d)
Date of the transaction
2023-04-28
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 1. Acquisition of Shares resulting from the release of 40,296 RSU awards and
the application of 1,034 dividend equivalents to the RSU awards upon vesting
under the Company's 2019 Long Term Incentive Plan.
2. Sale of 19,426 Shares to cover personal income tax and social security
liability arising on acquisition. The residual balance of 21,904 Shares will
be held by the PDMR.
c) Price(s) and volume(s) 1. Acquisiiton of Shares
Price(s) Volume(s)
Per share £nil 41,330
Aggregated £nil N/A single transaction
2. Sale to cover tax and social security liabilities
Price(s) Volume(s)
Per share £3.076 19,426
Aggregated £59,754.37 19,426
d) Date of the transaction 2023-04-28
e) Place of the transaction Outside a trading venue.
2. Sale to cover tax and social security liabilities
Price(s) Volume(s)
Per share £3.076 19,426
Aggregated £59,754.37 19,426
d)
Date of the transaction
2023-04-28
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
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END DSHBSGDSIDDDGXIRecent news on Rotork
See all newsREG - Rotork PLC - Transaction in Own Shares
AnnouncementREG - Rotork PLC - Transaction in Own Shares
AnnouncementREG - Rotork PLC - Transaction in Own Shares
AnnouncementREG - Rotork PLC - Transaction in Own Shares
AnnouncementREG - Rotork PLC - Total Voting Rights
Announcement