TIDMITRK

RNS Number : 3730U

Intertek Group PLC

01 April 2021

Notification and public disclosure of transactions by persons discharging managerial responsibilities ('PDMR') and persons closely associated with them ('PCA')

On 1 April 2021, as part of the remuneration terms relating to his appointment as an Executive Director, the Company agreed to compensate Jonathan Timmis for performance share awards, share option awards and one-off restricted awards forfeited by him on leaving Reckitt Benckiser Group plc and awarded Jonathan Timmis an award of 39,000 ordinary shares of 1p each (the 'Shares') to vest as follows:

a. 13,000 shares to vest on the first anniversary of grant;

b. 13,000 shares to vest on the second anniversary of grant; and

c. 13,000 shares to vest on the third anniversary of grant.

The Shares shall normally vest subject to continued employment with the Intertek Group and are further subject to the holding requirements as per the Group's Remuneration Policy.

Also, under the terms of the Intertek 2021 Long Term Incentive Plan, Jonathan Timmis received the following rights to acquire 18,713 ordinary shares of 1p each ('LTIP Shares') in the Company. The LTIP Shares shall normally vest three (3) years from the grant date, subject to continued employment with the Intertek Group and are further subject to the achievement of performance targets and holding requirements as per the Group's Remuneration Policy.

The awards were granted on the basis of an average share price of GBP56.108.

No consideration was paid for the grant of the awards. No price is payable on the vesting of the awards.

Following this notification, Jonathan Timmis has a total interest under all share plans of 57,713 shares and a beneficial holding of 548 shares in the Company, representing 0.00034% of the total voting rights of the Company.

This announcement, including the notification below, is made in accordance with the requirements of the EU Market Abuse Regulation.

 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                       Jonathan Timmis 
     ------------------------- 
 2    Reason for the notification 
 a)   Position/status            Chief Financial Officer and PDMR 
     ------------------------- 
 b)   Initial notification       Initial notification 
       /Amendment 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
 a)   Name                       Intertek Group plc 
 b)   LEI                        2138003GAT25WW1RN369 
     ------------------------- 
 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             Ordinary 1p shares 
       the financial 
       instrument, type 
       of instrument 
                                  ISIN: GB0031638363 
       Identification 
       code 
     ------------------------- 
 b)   Nature of the              (1) Grant of awards in line with the remuneration 
       transaction                terms agreed on appointment and to compensate 
                                  for forfeited Reckitt Benckiser awards and 
                                  (2) Grant of right to acquire shares under 
                                  the Intertek 2021 Long Term Incentive Plan. 
 c)   Price(s) and volume(s)                       Price(s)    Volume(s) 
                                              (1)   GBP56.108    39,000 
                                                  ----------  ---------- 
                                              (2)   GBP56.108    18,713 
                                                  ----------  ---------- 
     ------------------------- 
 d)   Aggregated information 
 
        *    Aggregated volume     57,713 ordinary shares 
                                   GBP56.108 
 
        *    Price 
 e)   Date of the transaction    2021-04-01 
     ------------------------- 
 f)   Place of the transaction   Outside a trading venue 
---  -------------------------  --------------------------------------------------

For further information in respect of this announcement please contact:

Fiona Evans, Group Company Secretary +44(0) 207 396 3428

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END

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April 01, 2021 10:10 ET (14:10 GMT)

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