Rotork PLC Director/PDMR Shareholding
11 Marzo 2024 - 9:29AM
RNS Regulatory News
RNS Number : 3998G
Rotork PLC
11 March 2024
11 March 2024
Rotork plc (the
'Company')
Notification of
transactions
by Persons Discharging Managerial
Responsibilities ("PDMR")
The following disclosures are
given in fulfilment of the Company's obligations under DTR
3.1 and the UK version of EU Market Abuse Regulation.
The Company provides notification of the following
transactions, effected on 8 and 11 March 2024 outside of a market
venue, relating to the below named Executive Directors and their
respective interests in the ordinary share capital of the
Company (ISIN:
GB00BVFNZH21).
The transactions arise from: (i) a
conditional award of shares granted on 11 March 2024 to Kiet Huynh
and Jonathan Davis under the Company's Deferred Annual Bonus Plan
2018 ("DABP") relating to the three-year deferred element of their
respective 2023 annual bonus, and (ii) the vesting of a conditional
award of shares granted to Jonathan Davis on 8 March 2021 under the
DABP relating to the three-year deferred element of his 2020 annual
bonus (and subsequent dealing to discharge the tax and social
security liability arising), with the balance of the shares being
retained in the name of Carol Davis, a person closely associated
with Mr Davis.
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
|
Grant of a conditional award of shares under
the rules of the Company's DABP.
|
|
c)
|
Price(s) and volume(s)
|
|
|
Price(s)
|
Volume(s)
|
Per
share
|
£3.242
|
104,067
|
Aggregated
|
£337,385
|
|
|
|
|
d)
|
Date of the transaction
|
2024-03-11
|
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
|
Group Finance
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. Grant of a
conditional award of shares under the rules of the Company's
DABP.
ii. Acquisition of
9,170 Shares (including 626 dividend equivalents) upon the vesting
of a conditional award of shares granted on 8 March 2021 under the
Company's DABP. A total of 4,310 shares were sold to cover Mr
Davis' income tax and social security liabilities on vesting and
were purchased by Rotork's Employee Benefit Trust at the price of
323.60p per share, being the closing price for a share on 7
March 2024. The net 4,860 shares retained will be held
in the name of Carol Davis, a Person Closely Associated with Mr
Davis as defined under the Market Abuse Regulations.
|
c)
|
Price(s) and volume(s)
|
|
i
|
|
Price(s)
|
Volume(s)
|
|
Per
share
|
£3.242
|
54,990
|
Aggregated
|
£178,278
|
|
ii
|
|
Price(s)
|
Volume(s)
|
|
Per
share
|
£3.236
|
4,310
|
Aggregated
|
£13,947
|
|
|
|
|
d)
|
Date of the transaction
|
(i)
2024-03-11
(ii)
2024-03-08
|
e)
|
Place of the transaction
|
Outside a trading venue.
|
The Company can confirm that the above named
PDMRs have complied with his obligation to notify the Financial
Conduct Authority of the above transactions as required under the
UK version of the EU 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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