RNS Number : 3305Y
Spirax Group PLC
26 March 2026
26 March 2026
Awards of conditional shares under the Performance Share Plan (PSP).
On 25 March 2026, Spirax Group plc ("Company") granted the following conditional allocations of its ordinary shares under the Company's 2023 Performance Share Plan (PSP 2023) to Persons Discharging Managerial Responsibilities ("PDMRs"), consistent with the Company's current Remuneration Policy ("Policy").
Name of PDMR / Executive Director
Role
Number of conditional shares granted under 2023 PSP
Nimesh Patel
Group Chief Executive Officer
30,965
Louisa Burdett
Group Chief Financial Officer
19,258
Celine Barroche
Group General Counsel and Company Secretary
6,155
Jim Devine
Group HR Director
6,443
Andrew Mines
Managing Director, ETS
10,900
Maurizio Preziosa
Managing Director, STS
10,865
Stuart Roby
Managing Director, WM
10,598
Maria Wilson
Group Digital Director
4,957
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
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
A conditional award of ordinary shares in the Company's PSP 2023. The vesting of such award will be subject to the achievement of performance conditions measured over a three-year period beginning in the year of grant.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£65.67
30,965
d)
Aggregated information
- Aggregated volume
30,965 shares
- Aggregated Price
£65.67
e)
Date of the transaction
25/03/2026
f)
Place of the transaction
Outside a trading venue
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
Louisa Burdett
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
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
A conditional award of ordinary shares in the Company's PSP 2023. The vesting of such award will be subject to the achievement of performance conditions measured over a three-year period beginning in the year of grant.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£65.67
19,258
d)
Aggregated information
- Aggregated volume
19,258 shares
- Aggregated Price
£65.67
e)
Date of the transaction
25/03/2026
f)
Place of the transaction
Outside a trading venue
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
Celine Barroche
2
Reason for the notification
a)
Position/status
Group General Counsel & 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
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
A conditional award of ordinary shares in the Company's PSP 2023. The vesting of such award will be subject to the achievement of performance conditions measured over a three-year period beginning in the year of grant.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£65.67
6,155
d)
Aggregated information
- Aggregated volume
6,155 shares
- Aggregated Price
£65.67
e)
Date of the transaction
25/03/2026
f)
Place of the transaction
Outside a trading venue
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
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
A conditional award of ordinary shares in the Company's PSP 2023. The vesting of such award will be subject to the achievement of performance conditions measured over a three-year period beginning in the year of grant.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£65.67
6,443
d)
Aggregated information
- Aggregated volume
6,443shares
- Aggregrated Price
£65.67
e)
Date of the transaction
25/03/2026
f)
Place of the transaction
Outside a trading venue
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
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
A conditional award of ordinary shares in the Company's PSP 2023. The vesting of such award will be subject to the achievement of performance conditions measured over a three-year period beginning in the year of grant.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£65.67
10,900
d)
Aggregated information
- Aggregated volume
10,900 shares
- Aggregated Price
£65.67
e)
Date of the transaction
25/03/2026
f)
Place of the transaction
Outside a trading venue
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
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
A conditional award of ordinary shares in the Company's PSP 2023. The vesting of such award will be subject to the achievement of performance conditions measured over a three-year period beginning in the year of grant.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£65.67
10,865
d)
Aggregated information
- Aggregated volume
10,865 shares
- Aggregated Price
£65.67
e)
Date of the transaction
25/03/2026
f)
Place of the transaction
Outside a trading venue
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
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
A conditional award of ordinary shares in the Company's PSP 2023. The vesting of such award will be subject to the achievement of performance conditions measured over a three-year period beginning in the year of grant.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£65.67
10,598
d)
Aggregated information
- Aggregated volume
10,598 shares
- Aggregated Price
£65.67
e)
Date of the transaction
25/03/2026
f)
Place of the transaction
Outside a trading venue
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
Maria Wilson
2
Reason for the notification
a)
Position/status
Head of Group Digital
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
A conditional award of ordinary shares in the Company's PSP 2023. The vesting of such award will be subject to the achievement of performance conditions measured over a three-year period beginning in the year of grant.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£65.67
4,957
d)
Aggregated information
- Aggregated volume
4,957 shares
- Aggregated Price
£65.67
e)
Date of the transaction
25/03/2026
f)
Place of the transaction
Outside a trading venue
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