IMI PLC has announced that a PDMR (Person Discharging Managerial Responsibilities) has been granted options over an aggregate of 46,776 shares under the IMI Sharesave Plan. This plan is an all-employee scheme that allows eligible UK employees to acquire shares at a 10% discount of the market value at the time of the invitation. In exchange for these options, the grantees will make monthly savings during the associated savings contract, with an exercise price of £16.218 per share.
The Chief Executive Officer, Roy Twite, has been granted 1,109 shares under options, with a savings contract period of 3 years. This transaction has been notified in accordance with the Market Abuse Regulation.
The details of the transaction include the description of the financial instrument, the nature of the transaction, the price, volume, and date of the transaction. The transaction took place outside of a trading venue.
For further information, individuals can contact Fran Burge, the Assistant Company Secretary.
This notification provides insight into the recent transaction involving a PDMR at IMI PLC, shedding light on the IMI Sharesave Plan and the specific details of the options granted to the Chief Executive Officer.