Director/PDMR Shareholding

RNS Number : 2131D

IMI PLC

11 May 2012

 

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

This form is intended for use by an issuer to make a RIS notification required by DR 3.14 R(1).

(1)	An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.
(2)	An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.
(3)	An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24.
(4)	An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.

Please complete all relevant boxes in block capital letters.

1.      Name of the issuer

         IMI plc

2.      State whether the notification relates to (i) a transaction notified in accordance with DR 3.1.4R(1)(a); or (ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as extended by section 328) of the Companies Act 1985; or (iii) both (i) and (ii)

         Disclosure relates to point (i)

3.      Name of person discharging managerial responsibilities/director

         Peter Spencer - PDMR (President, Merchandising)

4.      State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person

         N/A

5.      Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest

         Notification in respect of person named in 3 above

6.      Description of shares (including class), debentures or derivatives or financial instruments relating to shares

         Ordinary Shares of 25p each

7.      Name of registered shareholders(s) and, if more than one, the number of shares held by each of them

         Peter Spencer

8.      State the nature of the transaction

         Purchase of 13,526 shares and transfer of such shares into the IMI plc Share Matching Plan ("SMP").

9.      Number of shares, debentures or financial instruments relating to shares acquired

         13,526  

10.     Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

         0.004%

11.     Number of shares, debentures or financial instruments relating to shares disposed

         0

12.     Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) 

         N/A        

13.     Price pershare or value of transaction

         £9.165147       

14.     Date and place of transaction

         11 May 2012, London

15.     Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

         19,700 - 0.006%        

16.     Date issuer informed of transaction

         11 May 2012

If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes

17.     Date of grant

         11 May 2012   

18.     Period during which or date on which it can be exercised

          Under normal circumstances, the matching award will vest on 11 May 2015, subject to the applicable performance conditions being met and will be exercisable until 10 May 2022.

19.     Total amount paid (if any) for grant of the option

         No consideration was paid for the grant of the matching award.  

20.     Description of shares or debentures involved (class and number)

         Award in the form of nil cost options granted under the SMP over 29,276 Ordinary Shares of 25p each.

21.     Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise

         Nil

22.     Total number of shares or debentures over which options held following notification

         40,061 shares are subject to outstanding awards under the SMP.

23.     Any additional information

         None

24.     Name of contact and telephone number for queries

         H Afford - Senior Corporate Counsel - 0121 717 3700

Name and signature of duly authorised officer of issuer responsible for making notification

H Afford - Senior Corporate Counsel

Date of notification

11 May 2012

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