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IMI PLC (IMI)

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Thursday 24 March, 2011

IMI PLC

Director/PDMR Shareholding

RNS Number : 5525D
IMI PLC
24 March 2011
 

24 March 2011

 

 

Director/ PDMR Shareholding

IMI PLC - GRANT OF OPTIONS UNDER THE IMI PLC SHARE OPTION PLAN

In accordance with DTR 3.1.4R(1)(a) IMI plc (the "Company") announces that on 23 March 2011 the Company granted to each of the following Persons Discharging Managerial Responsibility options over the number of ordinary shares of £0.25 each in the Company shown against his name below in accordance with the rules of the Company's Share Option Plan with an exercise price of £9.7183 per share.

Name

Position

 

Number of shares

Tim Hubbard

President,

IMI Cornelius Group

 

35,000

Marshall Goldberg

President,

IMI Merchandising

 

30,000

No consideration was paid for the grant of the options.  Under normal circumstances the options will become exercisable three years after the date they were granted and will lapse, to the extent they are not exercised, ten years after the date they were granted.

 

Enquiries to:

 

Helen Afford               Corporate Counsel               Tel:      0121 717 3700

 

 

 

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