RNS Number : 2015X
Spirax Group PLC
18 March 2026
18 March 2026
Notification and public disclosure of transactions by persons discharging managerial responsibilities ('PDMRs').
On 16 March 2026, the following ordinary shares in Spirax Group plc (the "Company") were acquired by the following PDMRs within the Company, as a result of the vesting of awards under the following share plans;
· Company PSP 2015 awarded in 2023
· Company PSP 2023 awarded in 2024 (Louisa Burdett was granted a share award, under the Company PSP 2023, to compensate her for remuneration forfeited with her previous employer when she joined the Company in 2024)
Of the shares that vested, a portion was sold automatically to cover tax liabilities, with the balance retained by the PDMR or sold, as set out in the table below;
Name of PDMR/Executive Director
Role
Number of shares vesting
Number of shares sold
Total number of shares retained
Nimesh Patel
Group Chief Executive Officer
1703
804
899
Louisa Burdett
Group Chief Financial Officer
1422
671
751
Jim Devine
Group HR Director
503
238
265
Andrew Mines
Managing Director, Electric Thermal Solutions
886
886
0
Sarah Peers
Group Director of Sustainability
503
238
265
Maurizio Preziosa
Managing Director, Steam Thermal Solutions
886
886
0
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Nimesh Patel
2
Reason for the notification
a)
Position/status
Group 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
Spirax Group plc
b)
LEI
213800WFVZQMHOZP2W17
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
2612/13p Ordinary Shares
Identification code
ISIN: GB00BWFGQN14
b)
Nature of the transaction
Vesting of 1,703 Shares awarded under the Company 2015 Performance Share Plan (2023 Award).
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Vesting (2023 Award)
Nil
1,703
d)
Aggregated information
Vesting
- Aggregated volume
1,703
- Aggregated Price
Nil
e)
Date of the transaction
16/03/2026
f)
Place of the transaction
Outside of a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Nimesh Patel
2
Reason for the notification
a)
Position/status
Group 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
Spirax Group plc
b)
LEI
213800WFVZQMHOZP2W17
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
2612/13p Ordinary Shares
Identification code
ISIN: GB00BWFGQN14
b)
Nature of the transaction
Sale of sufficient number of shares vesting underthe Company 2015 Performance Share Plan (2023 Award) to cover tax/NI
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Sale to cover tax & NI
£66.55
804
d)
Aggregated information
Sale to cover tax & NI
- Aggregated volume
804 shares
- Aggregated Price
£66.55
e)
Date of the transaction
16/03/2026
f)
Place of the transaction
London Stock Exchange
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Louisa Burdett
2
Reason for the notification
a)
Position/status
Group 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
Spirax Group plc
b)
LEI
213800WFVZQMHOZP2W17
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
2612/13p Ordinary Shares
Identification code
ISIN: GB00BWFGQN14
b)
Nature of the transaction
Vesting of 1,422 Shares awarded under the Company 2023 Performance Share Plan (2024 Award).
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Vesting (2024 Award)
Nil
1,422
d)
Aggregated information
Vesting
- Aggregated Price
Nil
e)
Date of the transaction
16/03/2026
f)
Place of the transaction
Outside of a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Louisa Burdett
2
Reason for the notification
a)
Position/status
Group 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
Spirax Group plc
b)
LEI
213800WFVZQMHOZP2W17
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
2612/13p Ordinary Shares
Identification code
ISIN: GB00BWFGQN14
b)
Nature of the transaction
Sale of sufficient number of shares vesting underthe Company 2023 Performance Share Plan (2024 Award) to cover tax/NI
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Sale to cover tax & NI
£66.55
671
d)
Aggregated information
Sale to cover tax & NI
- Aggregated volume
671 shares
- Aggregated Price
£66.55
e)
Date of the transaction
16/03/2026
f)
Place of the transaction
London Stock Exchange
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Maurizio Preziosa
2
Reason for the notification
a)
Position/status
Managing Director, Steam Thermal Solutions (PDMR)
b)
Initial notification /Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Spirax Group plc
b)
LEI
213800WFVZQMHOZP2W17
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
2612/13p Ordinary Shares
Identification code
ISIN: GB00BWFGQN14
b)
Nature of the transaction
Vesting and sale of 886 Shares awarded under the Company 2015 Performance Share Plan (2023 Award).
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Vesting (2023 Award)
Nil
886
d)
Aggregated information
Vesting
- Aggregated volume
886
- Aggregated Price
Nil
e)
Date of the transaction
16/03/2026
f)
Place of the transaction
Outside of a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Maurizio Preziosa
2
Reason for the notification
a)
Position/status
Managing Director, Steam Thermal Solutions (PDMR)
b)
Initial notification /Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Spirax Group plc
b)
LEI
213800WFVZQMHOZP2W17
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
2612/13p Ordinary Shares
Identification code
ISIN: GB00BWFGQN14
b)
Nature of the transaction
Sale of all shares vesting underthe Company 2015 Performance Share Plan (2023 Award).
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Sale
£66.55
886
d)
Aggregated information
Sale
- Aggregated volume
886 shares
- Aggregated Price
£66.55
e)
Date of the transaction
16/03/2026
f)
Place of the transaction
London Stock Exchange
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Andrew Mines
2
Reason for the notification
a)
Position/status
Managing Director, Electric Thermal Solutions (PDMR)
b)
Initial notification /Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Spirax Group plc
b)
LEI
213800WFVZQMHOZP2W17
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
2612/13p Ordinary Shares
Identification code
ISIN: GB00BWFGQN14
b)
Nature of the transaction
Vesting of 886 Shares awarded under the Company 2015 Performance Share Plan (2023 Award.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Vesting (2023 Award)
Nil
886
d)
Aggregated information
Vesting
- Aggregated volume
886
- Aggregated Price
Nil
e)
Date of the transaction
16/03/2026
f)
Place of the transaction
Outside of a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Andrew Mines
2
Reason for the notification
a)
Position/status
Managing Director, Electric Thermal Solutions (PDMR)
b)
Initial notification /Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Spirax Group plc
b)
LEI
213800WFVZQMHOZP2W17
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
2612/13p Ordinary Shares
Identification code
ISIN: GB00BWFGQN14
b)
Nature of the transaction
Sale of all shares vesting underthe Company 2015 Performance Share Plan (2023 Award).
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Sale
£66.55
886
d)
Aggregated information
Sale
- Aggregated volume
886 shares
- Aggregated Price
£66.55
e)
Date of the transaction
16/03/2026
f)
Place of the transaction
London Stock Exchange
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Sarah Peers
2
Reason for the notification
a)
Position/status
Group Director of Sustainability (PDMR)
b)
Initial notification /Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Spirax Group plc
b)
LEI
213800WFVZQMHOZP2W17
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
2612/13p Ordinary Shares
Identification code
ISIN: GB00BWFGQN14
b)
Nature of the transaction
Vesting of 503 Shares awarded under the Company 2015 Performance Share Plan (2023 Award).
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Vesting (2023 Award)
Nil
503
d)
Aggregated information
Vesting
- Aggregated volume
503
- Aggregated Price
Nil
e)
Date of the transaction
16/03/2026
f)
Place of the transaction
Outside of a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Sarah Peers
2
Reason for the notification
a)
Position/status
Group Director of Sustainability (PDMR)
b)
Initial notification /Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Spirax Group plc
b)
LEI
213800WFVZQMHOZP2W17
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
2612/13p Ordinary Shares
Identification code
ISIN: GB00BWFGQN14
b)
Nature of the transaction
Sale of sufficient number of shares vesting underthe Company 2015 Performance Share Plan (2023 Award) to cover tax/NI
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Sale to cover tax & NI
£66.55
238
d)
Aggregated information
Sale to cover tax & NI
- Aggregated volume
238 shares
- Aggregated Price
£66.55
e)
Date of the transaction
16/03/2026
f)
Place of the transaction
London Stock Exchange
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Jim Devine
2
Reason for the notification
a)
Position/status
Group HR Director (PDMR)
b)
Initial notification /Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Spirax Group plc
b)
LEI
213800WFVZQMHOZP2W17
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
2612/13p Ordinary Shares
Identification code
ISIN: GB00BWFGQN14
b)
Nature of the transaction
Vesting of 503 Shares awarded under the Company 2015 Performance Share Plan (2023 Award).
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Vesting (2023 Award)
Nil
503
d)
Aggregated information
Vesting
- Aggregated volume
503
- Aggregated Price
Nil
e)
Date of the transaction
16/03/2026
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Jim Devine
2
Reason for the notification
a)
Position/status
Group HR Director (PDMR)
b)
Initial notification /Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Spirax Group plc
b)
LEI
213800WFVZQMHOZP2W17
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
2612/13p Ordinary Shares
Identification code
ISIN: GB00BWFGQN14
b)
Nature of the transaction
Sale of sufficient number of shares vesting underthe Company 2015 Performance Share Plan (2023 Award) to cover tax/NI
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Sale to cover tax & NI
£66.55
238
d)
Aggregated information
Sale to cover tax & NI
- Aggregated volume
238 shares
- Aggregated Price
£66.55
e)
Date of the transaction
16/03/2026
f)
Place of the transaction
London Stock Exchange
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