4th Apr 2006 17:19
IMI PLC04 April 2006 4 April 2006 The Secretary Company Announcements Office The Stock Exchange Dear Sir IMI plc Executive Directors and Business Presidents - dealings in shares of IMIPlc DEFERRED BONUS PLAN I hereby notify you that on 3 April the following persons, invested some or allof their annual bonuses (in respect of performance in 2005) in acquiring abeneficial interest in the number of IMI plc ordinary shares shown against theirname in the table below, pursuant to their participation in IMI plc's DeferredBonus Plan (DBP) at 570.658p per share: Name Position Number of Potential maximum shares acquired matching award* in the DBPMr M J Lamb Chief Executive Director, IMI 27,758 59,224 plcMr W R Whitney Executive Director, IMI plc 14,729 22,629Mr D C Nicholas Executive Director, IMI plc 29,051 49,586Mr M Kelly Business President, Beverage 3,480 3,979 Dispense (Europe) Mr D A Storey Business President, Beverage 7,309 4947 Dispense (US)Mr J A Mannebach Business President, Fluid Power 2,014 1997 *Shares acquired via investment of net of tax of annual bonus under the DBP areeligible for a matching award by reference to the gross bonus amount invested,subject to performance conditions, if still held in three years' time. GRANT OF AWARDS UNDER THE 2005 PERFORMANCE SHARE PLANFurther, I hereby notify you that after the close of dealing on 3 April 2006, each of the following persons received an award, in the form of a nil-cost option (except those marked with + who received a deferred share award) over the numberof ordinary shares shown against his name, in accordance with the rules of the IMI plc 2005 Long Term Incentive Plan, known as the Performance Share Plan.Name Position Number of sharesMr M J Lamb Chief Executive Director, IMI plc 100,500Mr W R Whitney+ Executive Director, IMI plc 58,900Mr D C Nicholas Executive Director, IMI plc 54,500Mr M Kelly Business President, Beverage 8,100 Dispense (Europe)Mr D A Storey+ Business President, Beverage 8,500 Dispense (US)Mr J A Mannebach+ Business President, Fluid Power 22,400Mr R M Twite Business President, IMI Indoor 14,200 ClimateMr I Whiting + Business President, Severe Service 19,300 LEGACY AWARDS (A) 2002 Long Term Incentive Plan (LTIP) and Deferred Share Plan In addition, I hereby notify you that on 3 April 2006, the following personsinvested some or all of their net LTIP payment in respect of an award made in2003 in acquiring a beneficial interest in the number of IMI plc ordinary sharesshown against their name in the table below, pursuant to their participation inthe LTIP and the 2002 Deferred Share Plan at 570.658p per share. Name Position Number of shares Potential maximum acquired in the matching award** Deferred Share PlanMr M J Lamb Chief Executive Director, IMI 19,986 4,996 plcMr W R Whitney Executive Director, IMI plc 7,070 1,767Mr R M Twite Business President, IMI Indoor 2,610 652 ClimateMr D A Storey Business President, Beverage 3,597 899 Dispense (US) **Shares acquired under the Deferred Share Plan are eligible for a matchingaward if still held in three years' time of 1 for every four shares held, thismatching award is not subject to performance conditions. (B) Exercise of options under IMI Executive Share Option (1995) Plan In addition, I hereby notify you that the following persons exercised optionsgranted to them on 2 April 2003 over the number of shares shown against theirname at 256.9p per share and sold the resulting shares or some of them, all asshown in the table below.Name Position No. of shares Number of shares Price per share sold post exercise obtained on saleMr M J Lamb Chief Executive Director, 418,500 418,500 570.658p IMI plcMr W R Whitney Executive Director, 55,000 42,900 570.658p IMI plcMr T J Slack Finance Director, 210,000 210,000 570.658p IMI plcMr R M Twite Business President, 32,575 32,575 570.658p IMI Indoor Climate Further dealings In addition, I hereby notify you that, Mr M J Lamb (a director of this Company)sold 54,063 shares on 31 March 2006 at 572.2411p per share and 5,937 shares 3April at 565p per share. Further Mr T J Slack (also a director of this Company)sold 9081 shares at 564.5p per share on 3 April. Shareholdings of executive directors A shareholding guideline was adopted in 2005, which allows executive directorsuntil June 2008 to acquire interests in IMI plc ordinary shares representing onetimes salary. Following the transactions shown above, the beneficial interestsof the executive directors' were as follows: Director of IMI plc ShareholdingMr M J Lamb 102630Mr T J Slack 73883Mr D C Nicholas 41108Mr W R Whitney 58960 Yours faithfully J O'Shea Company Secretary This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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