IMI PLC announced that on 9 August 2024, Jun Hu, the Chief Operating Officer, received 10,479 shares under the vesting of awards made under the Restricted Stock Unit as granted under the IMI Incentive Plan. Subsequently, he sold 2,577 shares to cover his tax liabilities and associated costs, retaining 7,902 shares. This transaction was notified in accordance with the Market Abuse Regulation.
The details of the transaction include the nature of the transaction, which involved the exercise and sale of Restricted Stock Units as granted under the IMI Incentive Plan. The exercise of the shares took place outside of a trading venue, while the shares were sold on the London Stock Exchange Main Market (XLON) at a price of £17.54 per share.
This notification provides transparency regarding the transactions by persons discharging managerial responsibilities and persons closely associated with them. The announcement was made in compliance with regulatory requirements, and further details can be obtained by contacting the Assistant Company Secretary, Fran Burge.