Director/PDMR Shareholding
Source: RNSDirector/PDMR Shareholding
Rotork plc ("the Company") announces that awards under the Rotork plc Deferred Annual Bonus Plan (the "Plan") were granted with effect from 3 March 2020 to Kevin Hostetler (Chief Executive) and Jonathan Davis (Group Finance Director).
These awards were granted under the Company's annual bonus scheme for 2019. This required these individuals to defer any bonus awarded in excess of 60% of the maximum into Rotork plc 0.5p ordinary shares for three years. The awards were granted as conditional shares which will automatically vest on the third anniversary of grant.
The notifications set out below are povided in accordance with the requirements of Article 19 of the EU Market Abuse Regulations.
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1
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Details of the person discharging managerial responsibilities / closely associated person
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a)
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Name
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Kevin George Hostetler |
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2
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Reason for the notification
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a)
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Position/status
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PDMR - Chief Executive |
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b)
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Initial notification /Amendment
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Initial notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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Rotork plc |
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b)
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LEI
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213800AH5RZIHGWRJ718 |
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4
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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
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a)
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Description of the financial instrument, type of instrument |
Ordinary 0.5p shares |
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Identification code |
ISIN GB00BVFNZH21 |
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b)
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Nature of the transaction
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Grant of conditional Rotork plc ordinary 0.5p shares under the Rotork plc Deferred Annual Bonus Plan |
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c)
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Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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279.9p |
59,362 |
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d)
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Aggregated information |
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- Aggregated volume |
n/a (single transaction) |
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- Price |
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e)
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Date of the transaction
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17/03/2020 (GMT) |
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f)
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Place of the transaction
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Outside a trading venue |
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1
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Details of the person discharging managerial responsibilities / closely associated person
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a)
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Name
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Jonathan Mark Davis |
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2
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Reason for the notification
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a)
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Position/status
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PDMR - Group Finance Director |
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b)
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Initial notification /Amendment
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Initial notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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Rotork plc |
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b)
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LEI
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213800AH5RZIHGWRJ718 |
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4
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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
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a)
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Description of the financial instrument, type of instrument |
Ordinary 0.5p shares |
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Identification code |
ISIN GB00BVFNZH21 |
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b)
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Nature of the transaction
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Grant of conditional Rotork plc ordinary 0.5p shares under the Rotork plc Deferred Annual Bonus Plan |
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c)
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Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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279.9p |
26,744 |
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d)
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Aggregated information |
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- Aggregated volume |
n/a (single transaction) |
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- Price |
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e)
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Date of the transaction
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17/03/2020 (GMT) |
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f)
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Place of the transaction
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Outside a trading venue |
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