Source - LSE Regulatory
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 £56.108.


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.



Details of the person discharging managerial responsibilities/person closely associated



Jonathan Timmis


Reason for the notification



Chief Financial Officer and PDMR



Initial notification /Amendment

Initial notification


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor



Intertek Group plc





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


Description of the financial instrument, type of instrument


Identification code

Ordinary 1p shares




ISIN: GB0031638363



Nature of the transaction

(1) Grant of awards in line with the remuneration 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.


Price(s) and volume(s)












Aggregated information


-      Aggregated volume

-      Price



57,713 ordinary shares



Date of the transaction



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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