IMI PLC has announced that 15,057 shares were awarded on 11 April 2024 under the IMI Employee Share Ownership Plan (ESOP) to eligible UK employees. The ESOP is an all-employee scheme that provides the opportunity to receive free shares at market value up to a maximum value of £3,600. The shares are held within the ESOP trust until an employee leaves or sells their award, and eligible employees make no consideration to receive these awards. The price on the day of the award was £17.95 per share.
The Chief Executive Officer, Chief Financial Officer, Chief People Officer, CEO Life Technology, and Chief Legal & Risk Officer and Company Secretary were among the persons discharging managerial responsibilities who received 200, 200, 142, 200, and 200 shares, respectively, under the ESOP. The transactions took place outside a trading venue.
The nature of the transaction for each PDMR was the award of free shares under the all-employee HMRC Employee Share Ownership Plan. The initial notification for each PDMR was made on 12 April 2024. The details of the transactions, including the price, volume, and identification code for the ordinary shares, were provided for each PDMR.