18 March 2020
IMI PLC
(the "Company")
Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs") and Persons Closely Associated with them
This notification relates to transactions notified in accordance with the Market Abuse Regulation, further details below:
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1. |
Details of the person discharging managerial responsibilities/ person closely associated |
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a) |
Name |
1. Massimo Grassi 2. Jun Hu 3. Daniel Shook 4. Roy Twite |
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2. |
Reason for the notification |
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a) |
Position/status |
1. Divisional Managing Director 2. Divisional Managing Director 3. Chief Financial Officer 4. Chief Executive Officer
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b) |
Initial notification/ Amendment |
Initial Notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
IMI plc |
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b) |
LEI |
2138002W9Q21PF751R30 |
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4. |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted |
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a) |
Description of the financial instrument, type of instrument |
Ordinary share |
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b) |
Nature of the transaction |
1a Exercise of award in respect of 46,687 shares vesting under the IMI plc Incentive Plan (nil cost option). Sale of 21,988 shares to cover tax and dealing costs and 24,699 shares retained.
1b Exercise of Deferred Bonus Shares award in respect of 11,134 shares vesting under the IMI plc Incentive Plan (nil cost option). Sale of 5,245 shares to cover tax and dealing costs and 5,889 shares retained.
2a Exercise of award in respect of 5,200 shares vesting under the IMI plc Incentive Plan (nil cost option).
2b Exercise of Deferred Bonus Shares award in respect of 5,002 shares vesting under the IMI plc Incentive Plan (nil cost option).
3a Exercise of award in respect of 25,759 shares vesting under the IMI plc Incentive Plan (nil cost option). Sale of 12,132 shares to cover tax and dealing costs and 13,627 shares retained.
3b Exercise of Deferred Bonus Shares award in respect of 10,976 shares vesting under the IMI plc Incentive Plan (nil cost option). Sale of 5,170 shares to cover tax and dealing costs and 5,806 shares retained.
4 Exercise of award in respect of 38,043 shares vesting under the IMI plc Incentive Plan (nil cost option). Sale of 17,917 shares to cover tax and dealing costs and 20,126 shares retained and transferred into spouse's name. |
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c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
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1a £7.888 1b £7.888 3a £7.888 3b £7.888 4 £7.888 |
21,988 5,245 12,132 5,170 17,917 |
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d) |
Aggregated information · Aggregated volume · Price |
N/A |
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e) |
Date of the transaction |
17 March 2020 |
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f) |
Place of the transaction |
London Stock Exchange Main Market (XLON) |
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For further information, please contact:
John O'Shea
Group Legal Director and Company Secretary
Telephone: 0121 717 3700
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
