REG - Rotork PLC - Director/PDMR Shareholding
25/03/2025 08:45
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RNS Number : 0448C Rotork PLC 25 March 2025
25 March 2025
Rotork plc (the 'Company')
Notification of transactions
by Persons Discharging Managerial Responsibilities ("PDMR")
The Company provides notification of the following transactions, effected on
24 March 2025, outside of a market venue, relating to the below named PDMRs
and their respective interests (or notional interests) in the ordinary share
capital of the Company ('Shares').
The transactions arise from the audited vesting of awards of nil cost options,
conditional share awards or cash settled awards over Shares granted to the
respective PDMRs shown below in 2022 under the Company's Long Term Incentive
Plan ('LTIP') and, where relevant, the subsequent exercise, acquisition, sale
and transfer by the named PDMRs. This includes transfer to Persons Closely
Associated ('PCA'). Dividend equivalents (or notional dividend equivalents,
for cash settled awards) have also been applied to the 2022 LTIP Awards.
Save for the cash settled awards, the Shares sold were purchased by the
Company's Employee Benefit Trust at the price of 316.40p per share, being the
middle-market quotation price for Rotork plc shares as derived from the London
Stock Exchange on the last trading day preceding the date of vesting. As per
the Company's LTIP Rules, the value of the cash settled awards was calculated
at the price of 317.20p per share, being the middle-market quotation price for
Rotork plc shares as derived from the London Stock Exchange on 24 March 2025.
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 187,454 nil cost options over Shares under the rules of
the Company's LTIP and the application of 13,157 shares representing dividend
equivalents upon vesting.
c) Price(s) and volume(s)
Price(s) Volume(s)
Per share £nil 200,611
Aggregated N/A single transaction
d) Date of the transaction 2025-03-24
e) Place of the transaction Outside a trading venue.
c)
Price(s) and volume(s)
Price(s) Volume(s)
Per share £nil 200,611
Aggregated N/A single transaction
d)
Date of the transaction
2025-03-24
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 Vesting of an award of 31,111 nil cost options over Shares under the rules of
the Company's LTIP and the application of 2,180 shares representing dividend
equivalents upon vesting.
c) Price(s) and volume(s)
(i) Price(s) Volume(s)
Per share £nil 33,291
Aggregated N/A single transaction
d) Date of the transaction 2025-03-24
e) Place of the transaction Outside a trading venue.
c)
Price(s) and volume(s)
(i) Price(s) Volume(s)
Per share £nil 33,291
Aggregated N/A single transaction
d)
Date of the transaction
2025-03-24
e)
Place of the transaction
Outside a trading venue.
1 Details of the person discharging managerial responsibilities / closely
associated person
a) Name Chris Klasner
2 Reason for the notification
a) Position/status Operations Excellence 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) Vesting of a conditional share award over 11,864
Shares under the rules of the Company's LTIP and the application of 829 Shares
representing dividend equivalents upon vesting; the acquisition of the
aggregate 12,693 Shares on vesting.
(ii) Subsequent sale of 12,693 Shares. Such Shares were
purchased by Rotork's Employee Benefit Trust at a price of 316.40p per share,
being the closing price for a share on 21 March 2025.
c) Price(s) and volume(s)
(i) Price(s) Volume(s)
Per share £nil 12,693
Aggregated N/A single transaction
(ii) Price(s) Volume(s)
Per share £3.1640 12,693
Aggregated £40,160.65
d) Date of the transaction 2025-03-24
e) Place of the transaction Outside a trading venue.
c)
Price(s) and volume(s)
(i) Price(s) Volume(s)
Per share £nil 12,693
Aggregated N/A single transaction
(ii) Price(s) Volume(s)
Per share £3.1640 12,693
Aggregated £40,160.65
d)
Date of the transaction
2025-03-24
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 (i) Vesting and subsequent exercise of an award of
21,827 nil cost options over Shares under the rules of the Company's LTIP and
the application of 1,530 Shares representing dividend equivalents upon
vesting.
(ii) The subsequent sale of 10,978 shares to cover Lyndsey
Norris' income tax and social security liabilities arising on exercise. Such
shares were purchased by Rotork's Employee Benefit Trust at a price of 316.40p
per share, being the closing price for a share on 21 March 2025.
(iii) The net 12,379 shares retained will be held in the
name of Lee David Norris, spouse and a Person Closely Associated with Lyndsey
Norris as defined under the UK Market Abuse Regulations.
c) Price(s) and volume(s)
i) Exercise
Price(s) Volume(s)
Per share £nil 23,357
Aggregated N/A single transaction
ii) Sale for tax and social security
Price(s) Volume(s)
Per share £3.1640 10,978
Aggregated £34,734.39
iii) Transfer
Price(s) Volume(s)
Per share £nil 12,379
Aggregated N/A single transaction
d) Date of the transaction 2025-03-24
e) Place of the transaction Outside a trading venue.
c)
Price(s) and volume(s)
i) Exercise
Price(s) Volume(s)
Per share £nil 23,357
Aggregated N/A single transaction
ii) Sale for tax and social security
Price(s) Volume(s)
Per share £3.1640 10,978
Aggregated £34,734.39
iii) Transfer
Price(s) Volume(s)
Per share £nil 12,379
Aggregated N/A single transaction
d)
Date of the transaction
2025-03-24
e)
Place of the transaction
Outside a trading venue.
1 Details of the person discharging managerial responsibilities / closely
associated person
a) Name Lee David Norris
2 Reason for the notification
a) Position/status Person Closely Associated to Lyndsey Norris
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 Transfer of 12,379 shares from spouse and PDMR, Lyndsey Norris.
c) Price(s) and volume(s)
Price(s) Volume(s)
Per share £nil 12,379
Aggregated N/A single transaction
d) Date of the transaction 2025-03-24
e) Place of the transaction Outside a trading venue.
c)
Price(s) and volume(s)
Price(s) Volume(s)
Per share £nil 12,379
Aggregated N/A single transaction
d)
Date of the transaction
2025-03-24
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 Vesting of 29,993 nil cost options over Shares under the rules of the
Company's LTIP and the application of 2,103 Shares representing dividend
equivalents upon vesting.
c) Price(s) and volume(s)
(i) Price(s) Volume(s)
Per share £nil 32,096
Aggregated N/A single transaction
d) Date of the transaction 2025-03-24
e) Place of the transaction Outside a trading venue.
c)
Price(s) and volume(s)
(i) Price(s) Volume(s)
Per share £nil 32,096
Aggregated N/A single transaction
d)
Date of the transaction
2025-03-24
e)
Place of the transaction
Outside a trading venue.
1 Details of the person discharging managerial responsibilities / closely
associated person
a) Name Mike Pelezo
2 Reason for the notification
a) Position/status Director, Rotork Service
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 of a conditional share award over 19,376
Shares under the rules of the Company's LTIP and the application of 1,357
Shares representing dividend equivalents upon vesting; the acquisition of the
aggregate 20,733 Shares on vesting.
(ii) Subsequent sale of 6,770 Shares to cover personal
income tax and social security liability arising on acquisition. Such shares
were purchased by Rotork's Employee Benefit Trust at a price of 316.40p per
share, being the closing price for a share on 21 March 2025. The residual
balance of 13,963 Shares will be held in Mr Pelezo's Global Nominee Account.
c) Price(s) and volume(s)
Vesting
(i) Price(s) Volume(s)
Per share £nil 20,733
Aggregated N/A single transaction
Sale for tax and social security
(ii) Price(s) Volume(s)
Per share £3.1640 6,770
Aggregated £21,420.28
d) Date of the transaction 2025-03-24
e) Place of the transaction Outside a trading venue.
c)
Price(s) and volume(s)
Vesting
(i) Price(s) Volume(s)
Per share £nil 20,733
Aggregated N/A single transaction
Sale for tax and social security
(ii) Price(s) Volume(s)
Per share £3.1640 6,770
Aggregated £21,420.28
d)
Date of the transaction
2025-03-24
e)
Place of the transaction
Outside a trading venue.
1 Details of the person discharging managerial responsibilities / closely
associated person
a) Name Xin Man
2 Reason for the notification
a) Position/status Managing Director, CPI
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 and payment of a cash settled conditional award over 17,143 notional
shares to Xin Man under the rules of the Company's LTIP, and the application
of 1,202 notional Shares representing dividend equivalents upon vesting, with
avalue based on the middle-market quotation price for Rotork plc shares as
derived from the London Stock Exchange on 24 March 2025
c) Price(s) and volume(s)
Price(s) Volume(s)
Per notional share £3.1720 18,345
Aggregated £58,190.34
d) Date of the transaction 2025-03-24
e) Place of the transaction Outside a trading venue.
c)
Price(s) and volume(s)
Price(s) Volume(s)
Per notional share £3.1720 18,345
Aggregated £58,190.34
d)
Date of the transaction
2025-03-24
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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