IMI PLC Director/PDMR Shareholding (8482H)

TIDMIMI

RNS Number : 8482H

IMI PLC

08 April 2022

8 April 2022

IMI PLC (the "Company")

Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs") and Persons Closely Associated with them

The Company announces the following transaction by a PDMR in the Company's ordinary shares ("Shares").

Pursuant to invitations issued on Monday 7 March 2022 to all eligible UK employees, 16,808 Shares were awarded on 7 April 2022 under the IMI Employee Share Ownership Plan (the "ESOP"). The ESOP is an all-employee scheme which gives the opportunity to eligible UK employees to receive free Shares at market value up to a maximum value of GBP3,600.

Shares awarded to a PDMR:

 
 Name         Position                   No. of free shares 
                                          awarded under ESOP 
 Roy Twite    Chief Executive Officer            279 
             -------------------------  --------------------

Shares are held within the ESOP trust until an employee leaves or sells their award. Eligible employees make no consideration to receive these awards. However, there are different tax treatments depending on how long the Shares remain within the ESOP trust. The price on the day of the award was GBP12.90 per share.

This announcement is an initial announcement. The Company's identification code is GB00BGLP8L22. The award of the ESOP Shares occurred outside a trading venue.

The FCA notification, made in accordance with the requirements of the Market Abuse Regulation is appended below and gives further details on the option grants for directors and PDMRs.

 
 1.    Details of the person discharging managerial responsibilities/ person closely associated 
 a)    Name                                    Roy Twite 
      -------------------------------------  ----------------------------------------------------------------------- 
 2.    Reason for the notification 
      -------------------------------------------------------------------------------------------------------------- 
 a)    Position/status                         Chief Executive 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          Ordinary share 
       instrument, type of instrument 
 
       Identification code                    GB00BGLP8L22 
      ------------------------------------  ------------------------------------------------------------------------ 
 b)    Nature of the transaction             Award of Free shares under the all-employee HMRC Employee Share 
                                             Ownership Plan. 
      ------------------------------------  ------------------------------------------------------------------------ 
 c)    Price(s) and volume(s)                Price(s)                            Volume(s) 
      ------------------------------------  ----------------------------------  ------------------------------------ 
   GBP12.90                                                                      279 
  ----------------------------------                                            ------------------------------------ 
 d)       Aggregated information             N/A Single transaction 
            *    Aggregated volume 
 
 
            *    Price 
      ------------------------------------  ------------------------------------------------------------------------ 
 e)    Date of the transaction               7 April 2022 
      ------------------------------------  ------------------------------------------------------------------------ 
 f)    Place of the transaction              Outside a trading venue 
      ------------------------------------  ------------------------------------------------------------------------

For further information, please contact:

Louise Waldek

Group General Counsel and Company Secretary

Telephone: 0121 717 3700

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END

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