REG - Rotork PLC - Director/PDMR Shareholding
26/03/2024 17:30
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RNS Number : 4034I Rotork PLC 26 March 2024
26 March 2024
Rotork plc (the 'Company')
Notification of transactions
by Persons Discharging Managerial Responsibilities ("PDMR")
The Company provides notification of the following transactions, effected on
25 March 2024, outside of a market venue, relating to the below named PDMRs
and their respective interests in the ordinary share capital of the Company
('Shares').
The transactions arise from the audited 13.8% vesting of awards of nil cost
options over Shares granted to the respective PDMRs shown below in 2021 under
the Company's LTIP and, where relevant, the subsequent exercise, acquisition,
sale and transfer by the named PDMRs. Dividend equivalents have also been
applied to the 2021 LTIP Awards. Those Shares sold were purchased by the
Company's Employee Benefit Trust at the price of 336.80p 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 Vesting of an award of 6,028 nil cost options over Shares under the rules of
the Company's LTIP and the application of 445 shares representing dividend
equivalents upon vesting.
c) Price(s) and volume(s)
Price(s) Volume(s)
Per share £nil 6,473
Aggregated N/A single transaction
d) Date of the transaction 2024-03-25
e) Place of the transaction Outside a trading venue.
c)
Price(s) and volume(s)
Price(s) Volume(s)
Per share £nil 6,473
Aggregated N/A single transaction
d)
Date of the transaction
2024-03-25
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 Executive 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 Vesting of an award of 23,446 nil cost options over Shares under the rules of
the Company's LTIP and the application of 1,726 Shares representing dividend
equivalents upon vesting.
c) Price(s) and volume(s)
Price(s) Volume(s)
Per share £nil 25,172
Aggregated N/A single transaction
d) Date of the transaction 2024-03-25
e) Place of the transaction Outside a trading venue.
d)
Date of the transaction
2024-03-25
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 (i) Vesting and exercise of an award of 6,977 nil cost options over
Shares under the rules of the Company's LTIP and the application of 512 Shares
representing dividend equivalents upon vesting; the acquisition of the
aggregate 7,489 Shares upon exercise.
(ii) Subsequent sale of 3,520 Shares to cover personal income tax and
social security liability arising on acquisition. The residual balance of
3,969 Shares will be held in Mr Burke's Global Nominee Account.
c) Price(s) and volume(s)
(i) Price(s) Volume(s)
Per share £nil 7,489
Aggregated N/A single transaction
(ii) Price(s) Volume(s)
Per share £3.368 3,520
Aggregated £11,855.36
d) Date of the transaction 2024-03-25
e) Place of the transaction Outside a trading venue.
c)
Price(s) and volume(s)
(i) Price(s) Volume(s)
Per share £nil 7,489
Aggregated N/A single transaction
(ii) Price(s) Volume(s)
Per share £3.368 3,520
Aggregated £11,855.36
d)
Date of the transaction
2024-03-25
e)
Place of the transaction
Outside a trading venue.
1 Details of the person discharging managerial responsibilities / closely
associated person
a) Name Stuart Pain
2 Reason for the notification
a) Position/status Group General Counsel and Company Secretary
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) Vesting and exercise of an award of 7,128 nil cost options over
Shares under the rules of the Company's LTIP and the application of 524
Shares representing dividend equivalents upon vesting; the acquisition of the
aggregate 7,652 Shares upon exercise.
(ii) Subsequent sale of 3,597 Shares to cover personal income tax and
social security liability arising on acquisition. The residual balance of
4,055 Shares will be held in Mr Pain's Global Nominee Account.
c) Price(s) and volume(s)
(i) Price(s) Volume(s)
Per share £nil 7,652
Aggregated N/A single transaction
(ii) Price(s) Volume(s)
Per share £3.368 3,597
Aggregated £12,114.70
d) Date of the transaction 2024-03-25
e) Place of the transaction Outside a trading venue.
c)
Price(s) and volume(s)
(i) Price(s) Volume(s)
Per share £nil 7,652
Aggregated N/A single transaction
(ii) Price(s) Volume(s)
Per share £3.368 3,597
Aggregated £12,114.70
d)
Date of the transaction
2024-03-25
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 Vesting of an award of 2,225 nil cost options over Shares under the rules of
the Company's LTIP and the application of 164 Shares representing dividend
equivalents upon vesting.
c) Price(s) and volume(s)
Price(s) Volume(s)
Per share £nil 49,381
Aggregated N/A single transaction
d) Date of the transaction 2024-03-25
e) Place of the transaction Outside a trading venue.
c)
Price(s) and volume(s)
Price(s) Volume(s)
Per share £nil 49,381
Aggregated N/A single transaction
d)
Date of the transaction
2024-03-25
e)
Place of the transaction
Outside a trading venue.
1 Details of the person discharging managerial responsibilities / closely
associated person
a) Name Kathy 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 Vesting of an award of 5,979 nil cost options over Shares under the rules of
the Company's LTIP and the application of 440 Shares representing dividend
equivalents upon vesting.
c) Price(s) and volume(s)
Price(s) Volume(s)
Per share £nil 6,419
Aggregated N/A single transaction
d) Date of the transaction 2024-03-25
e) Place of the transaction Outside a trading venue.
c)
Price(s) and volume(s)
Price(s) Volume(s)
Per share £nil 6,419
Aggregated N/A single transaction
d)
Date of the transaction
2024-03-25
e)
Place of the transaction
Outside a trading venue.
The Company can confirm that each of the above named PDMRs has complied with
their respective obligations to notify the Financial Conduct Authority of the
above transactions as required under the UK 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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