IMI PLC has announced the notification of transactions by Persons Discharging Managerial Responsibilities (PDMRs) and Persons Closely Associated with them. The transactions are in accordance with the Market Abuse Regulation and involve the grant of Performance Share Awards under the IMI Incentive Plan. The awards have been granted to several individuals, including Roy Twite, Chief Executive Officer, Daniel Shook, Chief Financial Officer, Bethany Ferreira, CEO Life Technology, Jun Hu, CEO Automation, and Elizabeth Rose, Chief People Officer.
Roy Twite, the Chief Executive Officer, was granted 116,210 ordinary shares under the IMI Incentive Plan, with no consideration payable on the grant, vesting, or exercise of the awards. Similarly, Daniel Shook, the Chief Financial Officer, was granted 48,453 ordinary shares under the same plan. Bethany Ferreira, CEO Life Technology, received 45,453 ordinary shares as a Performance Share Award and 5,208 ordinary shares as a Deferred Bonus share award. Jun Hu, CEO Automation, was granted 49,422 ordinary shares, and Elizabeth Rose, Chief People Officer, was granted an undisclosed number of ordinary shares.
All transactions took place outside a trading venue on 19 March 2024. The notification provides detailed information about the individuals, the nature of the transactions, the financial instruments involved, and the aggregated volume and price information. The awards were granted under the IMI Incentive Plan, with no consideration payable on the grant, vesting, or exercise of the awards, in line with the company's compensation and incentive policies.
These transactions reflect the company's commitment to aligning the interests of its management team and key personnel with the long-term performance and success of IMI PLC.