10 August 2023
IMI PLC
(the "Company")
Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs") and Persons Closely Associated with them
On 9 August 2023, the following PDMRs received shares under the vesting of awards made under the Restricted Stock Unit as granted under the IMI Incentive Plan. Bethany Ferreira subsequently sold a sufficient number of shares to cover her tax liabilities and associated costs. Phil Clifton elected to sell all:
PDMR | Number of shares awarded to PDMR | Shares sold | Number of shares Retained |
Bethany Ferreira | 30,005 | 14,141 | 15,864 |
Philip Clifton | 10,307 | 10,307 | 0 |
Also on 9 August 2023 1,989 shares were exercised by Elizabeth Rose at an exercise price of £9.0466 under the all-employee HMRC 2020 IMI Sharesave Plan. The shares were subsequently transferred into an ISA at a price of £9.0466.
This notification relates to transactions notified in accordance with the Market Abuse Regulation, further details below:
1. | Details of the person discharging managerial responsibilities/ person closely associated | ||||
a) | Name | Bethany Ferreira
| |||
2. | Reason for the notification | ||||
a) | Position/status | CEO Life Technology | |||
b) | Initial notification/ Amendment | Initial Notification | |||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | IMI plc | |||
b) | LEI | 2138002W9Q21PF751R30 | |||
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 | ||||
a) | Description of the financial instrument, type of instrument | Ordinary share | |||
b) | Nature of the transaction | i) Exercise of Restricted Stock Unit as granted under the IMI Incentive Plan ii) Sale of Restricted Stock Unit as granted under the IMI Incentive Plan | |||
c) | Price(s) and volume(s) | | Price(s) | Volume(s) | |
i) | nil | 30,005 | |||
ii) | £15.611 | 14,141 | |||
d) | Aggregated information · Aggregated volume · Price | N/A | |||
e) | Date of the transaction | 9 August 2023 | |||
f) | Place of the transaction | Shares exercised outside of trading venue
Shares sold on London Stock Exchange Main Market (XLON) | |||
1. | Details of the person discharging managerial responsibilities/ person closely associated | ||||
a) | Name | Philip Clifton | |||
2. | Reason for the notification | ||||
a) | Position/status | President Climate Control | |||
b) | Initial notification/ Amendment | Initial Notification | |||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | IMI plc | |||
b) | LEI | 2138002W9Q21PF751R30 | |||
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 | ||||
a) | Description of the financial instrument, type of instrument | Ordinary share | |||
b) | Nature of the transaction | i) Exercise of Restricted Stock Unit under the IMI Incentive Plan ii) Sale of Restricted Stock Unit under the IMI Incentive Plan | |||
c) | Price(s) and volume(s) | | Price(s) | Volume(s) | |
i) | nil | 10,307 | |||
ii) | £15.611 | 10,307 | |||
d) | Aggregated information · Aggregated volume · Price | N/A | |||
e) | Date of the transaction | 9 August 2023 | |||
f) | Place of the transaction | Shares exercised outside of trading venue
Shares sold on London Stock Exchange Main Market (XLON) | |||
1. | Details of the person discharging managerial responsibilities/ person closely associated | ||||
a) | Name | Elizabeth Rose | |||
2. | Reason for the notification | ||||
a) | Position/status | Chief People Officer | |||
b) | Initial notification/ Amendment | Initial Notification | |||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | IMI plc | |||
b) | LEI | 2138002W9Q21PF751R30 | |||
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 | ||||
a) | Description of the financial instrument, type of instrument | Ordinary share | |||
b) | Nature of the transaction | i) Exercise of options under the all-employee HMRC 2020 IMI Sharesave Plan. ii) Transfer of shares to ISA | |||
c) | Price(s) and volume(s) | | Price(s) | Volume(s) | |
i) | £9.0466 | 1,989 | |||
ii) | £9.0466 | 1,989 | |||
d) | Aggregated information · Aggregated volume · Price | N/A | |||
e) | Date of the transaction | 9 August 2023 | |||
f) | Place of the transaction | Outside of a trading venue | |||
For further information, please contact:
Fran Burge
Assistant Company Secretary
Telephone: 0121 717 3700
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.