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IMI PLC (IMI)

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Wednesday 14 May, 2008

IMI PLC

Director/PDMR Shareholding

RNS Number : 4673U
IMI PLC
14 May 2008
 



14 May 2008


The Secretary 

Company Announcements Office

The Stock Exchange


Dear Sir 


IMI plc Executive Directors and Business Presidents - dealings in shares of IMI Plc

IMI 2005 Long Term Incentive Plan aka the IMI Performance Share Plan. 

I hereby notify you that on 13 May 2008 the following persons, exercised the award of Performance Shares granted to them on 13 May 2005, which vested on 13 May 2008 at 50% of maximum according to performance conditions ascribed to the awards on grant. The vested portion of the awards was increased to represent dividends on those shares which would have been paid on a cumulative basis over the three-year vesting period. The awards were granted as nil cost options (except those marked with an asterisk, which were granted as deferred share awards for nil consideration). All participants sold only the amount of shares required to satisfy tax and social charges, and retained the remainder of the shares vested. The sale price of the shares sold was 512.919p per share:


Name

Position

Number of shares acquired on vesting 

Number of shares sold to satisfy tax and social charges

Number retained

M J Lamb

Chief Executive Director, IMI plc

77,521

31,848

45,673

T Hubbard*

Business President, Beverage Dispense (US)

2,784

913

1,871

S Toomes*

Business President

Indoor Climate

4,512

1,854

2,658


IMI Share Purchase Plan 

Additionally I hereby notify you that on 13 May 2008, each of the following Directors of this Company acquired a beneficial interest in the number of new shares shown against his name, namely shares purchased pursuant to their participation in the IMI Share Purchase Plan (the Company's All Employee Share Ownership Plan) at 499.58p per share.


Director


Position

Number of shares

Douglas Hurt 

Finance Director, IMI plc

25

Martin Lamb

Chief Executive Director, IMI plc

25

David Nicholas 

Executive Director, IMI plc

25

Roy Twite

Executive Director, IMI plc

25


Yours faithfully

 

JO BOWER

Deputy Company Secretary



END.

This information is provided by RNS
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