Notification and public disclosure of transactions by persons discharging managerial responsibilities ('PDMR') and persons closely associated with them ('PCA')
On 27 May 2021, under the terms of the Intertek 2021 Long Term Incentive Plan (the 'Plan') and pursuant to the approval of our remuneration policy at the 2021 AGM, André Lacroix, Chief Executive Officer and PDMR, received the following rights to acquire ordinary shares of 1p each (the 'Shares') in the Company.
The LTIP Shares shall normally vest three (3) years from the grant date, subject to continued employment with the Intertek Group and are further subject to the achievement of performance targets and holding requirements as per the Group's remuneration policy. The awards were granted on the basis of an average share price of £58.324.
No consideration was paid for the grant of the awards. No price is payable on the vesting of the awards.
Following this notification, André Lacroix has a total interest under all share plans of 178,389 shares.
This announcement, including the notifications below, is made in accordance with the requirements of the EU Market Abuse Regulation.
Details of the person discharging managerial responsibilities/person closely associated
1. André Lacroix
Reason for the notification
1. Chief Executive Officer and PDMR
Initial notification /Amendment
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Intertek Group plc
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
Description of the financial instrument, type of instrument
Ordinary 1p shares
Nature of the transaction
Grant of right to acquire shares under the Intertek 2021 Long Term Incentive Plan
Price(s) and volume(s)
Date of the transaction
Place of the transaction
Outside a trading venue
For further information in respect of this announcement please contact:
Fiona Evans, Group Company Secretary +44 (0)207 396 3428
Date of notification: 28 May 2021