Director/PDMR Shareholding

Rotork PLC

28 April 2023

 

28 April 2023

Rotork plc ('Company')

Notification of transactions by Persons Discharging Managerial Responsibilities ('PDMRs')

The Company provides notification of the following transactions, all effected on 28 April 2023 outside of a market venue, relating to the below named PDMRs and their respective interests in the ordinary share capital of the Company ('Shares') (ISIN: GB00BVFNZH21).

The transactions arise from the acquisition of Shares following the vesting of the Restricted Stock Unit Awards vesting ('RSU Awards') which were granted to each of the PDMRs on 21 September 2021 and the subsequent dealing by the PDMRs. Dividend equivalents have also been applied to the RSU Awards. The Shares sold were purchased by the Company's Employee Benefit Trust at the agreed price of 307.6p per share, being the closing price on the last trading day preceding the date of vesting.

1	Details of the person discharging managerial responsibilities / closely associated person
a)	Name	Kiet Huynh
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	Rotork plc
b)	LEI	213800AH5RZIHGWRJ718
4	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
a)	Description of the financial instrument, type of instrument	Ordinary 0.5p shares
	Identification code	ISIN GB00BVFNZH21
b)	Nature of the transaction	1. Acquisition of Shares resulting from the release of 30,356 RSU awards granted to Mr Huynh on 20 September 2021 prior to his appointment as an Executive Director and the application of 778 dividend equivalents to the RSU awards upon vesting. 2. Sale of 14,633 Shares to cover personal income tax and social security liability arising on acquisition.  The residual balance of 16,501 Shares will be held in the name of the PDMR's spouse, Gillian Huynh, a Person Closely Associated with him.
c)	Price(s) and volume(s)		1. Acquisition of shares Price(s) Volume(s) Per share £nil 31,134 Aggregated £nil N/A single transaction 2. Sale to cover tax and social security liabilities Price(s) Volume(s) Per share £3.076 14,633   Aggregated £45,011.11 14,633
d)	Date of the transaction	2023-04-28
e)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / closely associated person
a)	Name	Katherine Callaghan
2	Reason for the notification
a)	Position/status	Group HR Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Rotork plc
b)	LEI	213800AH5RZIHGWRJ718
4	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
a)	Description of the financial instrument, type of instrument	Ordinary 0.5p shares
	Identification code	ISIN GB00BVFNZH21
b)	Nature of the transaction	1. Acquisition of Shares resulting from the release of 34,036 RSU awards and the application of 873 dividend equivalents to the RSU awards upon vesting under the Company's 2019 Long Term Incentive Plan. 2. Sale of 16,408 Shares to cover personal income tax and social security liability arising on acquisition.  The residual balance of 18,501 Shares will be held by the PDMR.
c)	Price(s) and volume(s)		1. Acquisition of Shares Price(s) Volume(s) Per share £nil 34,909 Aggregated £nil N/A single transaction 2. Sale to cover tax and social security liabilities Price(s) Volume(s) Per share £3.076 16,408 Aggregated £50,471.00 16,408
d)	Date of the transaction	2023-04-28
e)	Place of the transaction	Outside a trading venue.

1	Details of the person discharging managerial responsibilities / closely associated person
a)	Name	Lyndsey Norris
2	Reason for the notification
a)	Position/status	Business Transformation Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Rotork plc
b)	LEI	213800AH5RZIHGWRJ718
4	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
a)	Description of the financial instrument, type of instrument	Ordinary 0.5p shares
	Identification code	ISIN GB00BVFNZH21
b)	Nature of the transaction	1. Acquisition of Shares resulting from the release of 11,470 RSU awards and the application of 293 dividend equivalents to the RSU awards upon vesting under the Company's 2019 Long Term Incentive Plan. 2. Sale of 5,529 Shares to cover personal income tax and social security liability arising on acquisition. The residual balance of 6,234 Shares will be held in the name of the PDMR's spouse, Lee Norris, a Person Closely Associated with her.
c)	Price(s) and volume(s)		1. Acquisition of Shares Price(s) Volume(s) Per share £nil 11,763 Aggregated £nil N/A single transaction 2. Sale to cover tax and social security liabilities Price(s) Volume(s) Per share £3.076 5,529     Aggregated £17,007.20                           5,529
d)	Date of the transaction	2023-04-28
e)	Place of the transaction	Outside a trading venue.

1	Details of the person discharging managerial responsibilities / closely associated person
a)	Name	Paul Burke
2	Reason for the notification
a)	Position/status	Chief Information Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Rotork plc
b)	LEI	213800AH5RZIHGWRJ718
4	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
a)	Description of the financial instrument, type of instrument	Ordinary 0.5p shares
	Identification code	ISIN GB00BVFNZH21
b)	Nature of the transaction	1. Acquisition of Shares resulting from the release of 40,296 RSU awards and the application of 1,034 dividend equivalents to the RSU awards upon vesting under the Company's 2019 Long Term Incentive Plan. 2. Sale of 19,426 Shares to cover personal income tax and social security liability arising on acquisition.  The residual balance of 21,904 Shares will be held by the PDMR.
c)	Price(s) and volume(s)		1. Acquisiiton of Shares Price(s) Volume(s) Per share £nil 41,330 Aggregated £nil N/A single transaction 2.  Sale to cover tax and social security liabilities Price(s) Volume(s) Per share £3.076 19,426    Aggregated £59,754.37 19,426
d)	Date of the transaction	2023-04-28
e)	Place of the transaction	Outside a trading venue.

The Company can confirm that each of the above named PDMRs have complied with their respective obligation to notify the Financial Conduct Authority of the above transactions as required under MAR.

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Rotork contact and telephone number for enquiries:
Stuart Pain, Group General Counsel &  Company Secretary	Tel:  [phone]

 

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