Rotork PLC Director/PDMR Shareholding (9936B)
15 Junho 2021 - 12:00PM
UK Regulatory
TIDMROR
RNS Number : 9936B
Rotork PLC
15 June 2021
15 June 2021
Rotork plc
("Company")
Notification of transactions by Persons Discharging Managerial
Responsibilities ("PDMRs")
The Company provides notification of the following transaction
undertaken outside of a market venue relating to the below named
PDMR and his interest in the ordinary shares of the Company
("Shares") (ISIN: GB00BVFNZH21).
The Remuneration Committee has granted an Award in the form of a
nil cost option ("NC0") to the PDMR on 14 June 2021, under the
Rotork plc Long Term Incentive Plan (2019). Vesting of the Award is
contingent on achievement of the performance conditions, on the
same terms as Awards made to other members of the Rotork Management
Board. The particulars of the PDMR and award are set out in the
table below.
Name and position of PDMR Number of Shares
(1) and type of
award granted on
14 June 2021
Stuart Pain, 51,649 NCO
Group General Counsel & Company
Secretary
------------------
(1) The number of shares in relation to which the Award was made
was based on the average mid-market price of a Rotork share for the
five trading days prior to the date of grant (ie 7 to 11 June 2021
inclusive).
The vesting date of the Award has been determined to align with
that for the 2021 Awards as set out in the Company's Deed of Grant
dated 24 March 2021, being 24 March 2024, subject to continued
employment and the Company's achievement against various stretching
performance targets measured over the three-year financial period
ending 31 December 2023. The performance conditions set by the
Remuneration Committee relate to Earnings Per Share, Total
Shareholder Return and Economic Profit, with each condition
weighted as to one-third of each Award. Further details of the
performance conditions and targets, are set out in the Directors'
Remuneration Report to the Company's 2020 Annual Report (see
www.rotork.com ).
The Award is subject to malus and clawback and attracts an
accrued dividend equivalent entitlement arising during the vesting
period on any vested Shares, with such entitlements to be settled
in the form of additional Shares.
The Company can confirm that the above named PDMR has complied
with his obligation to notify the Financial Conduct Authority of
the above transactions as required under MAR.
- END -
Rotork contact and telephone number for enquiries:
Joy Baldry, Deputy Company Secretary
+44 (0)7789 920457
Notes:
Legal Entity Identifier: 213800AH5RZIHGWRJ718
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END
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June 15, 2021 11:00 ET (15:00 GMT)
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