REG - Rotork PLC - Director/PDMR Shareholding
11/03/2024 15:30
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RNS Number : 3998G Rotork PLC 11 March 2024
11 March 2024
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 transactions, effected on 8 and 11
March 2024 outside of a market venue, relating to the below named Executive
Directors and their respective interests in the ordinary share capital of the
Company (ISIN: GB00BVFNZH21).
The transactions arise from: (i) a conditional award of shares granted on 11
March 2024 to Kiet Huynh and Jonathan Davis under the Company's Deferred
Annual Bonus Plan 2018 ("DABP") relating to the three-year deferred element of
their respective 2023 annual bonus, and (ii) the vesting of a conditional
award of shares granted to Jonathan Davis on 8 March 2021 under the DABP
relating to the three-year deferred element of his 2020 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 Carol
Davis, a person closely associated with Mr Davis.
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 Grant of a conditional award of shares under the rules of the Company's DABP.
c) Price(s) and volume(s)
Price(s) Volume(s)
Per share £3.242 104,067
Aggregated £337,385
d) Date of the transaction 2024-03-11
e) Place of the transaction Outside a trading venue.
c)
Price(s) and volume(s)
Price(s) Volume(s)
Per share £3.242 104,067
Aggregated £337,385
d)
Date of the transaction
2024-03-11
e)
Place of the transaction
Outside a trading venue.
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 i. Grant of a conditional award of shares under the rules of the
Company's DABP.
ii. Acquisition of 9,170 Shares (including 626 dividend equivalents)
upon the vesting of a conditional award of shares granted on 8 March 2021
under the Company's DABP. A total of 4,310 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 323.60p per
share, being the closing price for a share on 7 March 2024. The net 4,860
shares retained will be held in the name of Carol Davis, a Person Closely
Associated with Mr Davis as defined under the Market Abuse Regulations.
c) Price(s) and volume(s)
i Price(s) Volume(s)
Per share £3.242 54,990
Aggregated £178,278
ii Price(s) Volume(s)
Per share £3.236 4,310
Aggregated £13,947
d) Date of the transaction (i) 2024-03-11
(ii) 2024-03-08
e) Place of the transaction Outside a trading venue.
ii Price(s) Volume(s)
Per share £3.236 4,310
Aggregated £13,947
d)
Date of the transaction
(i) 2024-03-11
(ii) 2024-03-08
e)
Place of the transaction
Outside a trading venue.
The Company can confirm that the above named PDMRs have 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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