REG - Rotork PLC - Director/PDMR Shareholding

RotorkAnnouncement

11/04/2024 17:00

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RNS Number : 3378K  Rotork PLC  11 April 2024

11 April 2024

 

 

Rotork plc (the 'Company')

 

Notification of transactions

by a Person Discharging Managerial Responsibilities ("PDMR")

 

Rotork PLC (the "Company") announces that on 11 April 2024 Ben Peacock was
granted conditional share awards over an aggregate of 70,640 ordinary shares
in the Company (the "Awards"). The number of shares over which Awards were
granted was calculated using the average of the market prices at the close of
trading on the London Stock Exchange on the five dealing days prior to the
grant date, being £3.2624 per ordinary share.

 

The Awards were granted to facilitate the recruitment of Ben Peacock and to
compensate him for awards forfeited by him as a result of leaving his previous
employer to move to the Company. In determining the structure of the Awards
the form, timing and expected value of the forfeited awards were considered.

 

The Awards will be satisfied by way of a transfer of shares by the trustee of
the Company's employee benefit trust. The Awards will be subject to malus and
clawback provisions, and continued employment (subject to market-standard good
leaver provisions). Save for this, the Awards are not subject to any
performance condition.

 

The Awards vest in three tranches. The first tranche vested on 11 April 2024,
and consequently 8,811 shares were transferred to Mr Peacock on 11 April 2024.
A further 31,897 shares will vest on 11 April 2025 and 29,932 shares will vest
on 18 April 2026.

 

 

 1    Details of the person discharging managerial responsibilities / closely

    associated person

 a)   Name                                                         Ben Peacock

 2    Reason for the notification

 a)   Position/status                                              Chief Financial 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 transactions

(i)    Grant of Conditional Share Awards.

                                                                   (ii)   Acquisition of shares pursuant to the vesting of a Conditional Share
                                                                   Award.

 c)   Price(s) and volume(s)

(i)              Price(s)      Volume(s)
                                                                                              Per share   £nil          70,640
                                                                                              Aggregated  N/A single transaction

 

(ii)              Price(s)      Volume(s)
                                                                                              Per share   £nil          8,811
                                                                                              Aggregated  N/A single transaction

 

 d)   Date of the transactions                                     2024-04-11

 e)   Place of the transaction                                     Outside a trading venue.

c)

Price(s) and volume(s)

 

 

 (i)              Price(s)      Volume(s)
      Per share   £nil          70,640
      Aggregated  N/A single transaction

 

 (ii)              Price(s)      Volume(s)
       Per share   £nil          8,811
       Aggregated  N/A single transaction

 

 

 

d)

 

Date of the transactions

 

2024-04-11

 

 

e)

 

Place of the transaction

 

Outside a trading venue.

 

 

The Company can confirm that the above named PDMR has complied with his
obligation 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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