REG - Spirax Group PLC - Director/PDMR Shareholding

SpiraxAnnouncement

14/05/2026 10:45

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RNS Number : 3607E  Spirax Group PLC  14 May 2026

 

14 May 2026
Award of Shares to Persons Discharging Management Responsibilities ("PDMRs") of Spirax Group plc (the "Company")

 

Further to the announcement made on 26 March 2026 regarding awards granted
under the Company's 2023 Performance Share Plan ("2023 PSP"), the Company
confirms that, following shareholder approval at the Company's 2026 Annual
General Meeting of the updated Remuneration Policy and the Company's Share
Award Plan Rules, (Share Rules) the following additional awards have been
approved.

As disclosed in the Company's 2025 Annual Report and Accounts, Nimesh Patel,
Group Chief Executive Officer, was awarded a Performance Share Plan ("PSP")
award for the 2026 grant cycle in two parts.

In March 2026, an initial award equivalent to 250% of base salary was granted
in accordance with the Company's existing Remuneration Policy. The remaining
part of the award was subject to shareholder approval of the new Remuneration
Policy and the Share Rules, which has now been obtained at the Company's 2026
Annual General Meeting on 13 May 2026.

Following that approval, the Remuneration Committee has granted the second
part of Nimesh Patel's 2026 PSP award of 6,193 shares. Consistent with the
disclosure in the Company's Annual Report 2025, this award has been granted
using the same March 2026 grant price, and on the same performance conditions
and vesting timetable as the initial March 2026 award.

Further to the disclosure in the 2025 Directors' Remuneration Report, the
Company confirms that an additional award has been approved for Louisa
Burdett, Group Chief Financial Officer.

An administrative error resulted in Louisa's March 2025 PSP award being
calculated at 125% of her 2025 base salary, rather than the intended 175%, as
disclosed in the Annual Report 2024. To correct this error, a further award in
respect of the shortfall of 4,171 shares has been granted today, on the same
terms and conditions as the original March 2025 PSP award.

The awards described above will vest subject to the achievement of the
applicable performance conditions over the relevant performance periods and
are subject to the post‑vesting holding requirements set out in the
Remuneration Policy.

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Nimesh Patel

 2    Reason for the notification

 a)   Position/status                                              Group Chief Executive Officer

 b)   Initial notification /Amendment                              Initial Notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Spirax Group plc

 b)   LEI                                                          213800WFVZQMHOZP2W17

 4    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

 a)   Description of the financial instrument, type of instrument  26(12)/(13)p Ordinary Shares

      Identification code                                          ISIN: GB00BWFGQN14

 b)   Nature of the transaction                                    A conditional award of ordinary shares in the Company's 2023 PSP.

 c)   Price(s) and volume(s)                                                          Price(s)           Volume(s)

                                                                                      £65.67             6,193

 d)   Aggregated information

      - Aggregated volume                                          6,193

      - Aggregated Price per share                                 £65.67

 e)   Date of the transaction                                      14 May 2026

 f)   Place of the transaction                                     Outside a trading venue

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Louisa Burdett

 2    Reason for the notification

 a)   Position/status                                              Group Chief Financial Officer

 b)   Initial notification /Amendment                              Initial Notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Spirax Group plc

 b)   LEI                                                          213800WFVZQMHOZP2W17

 4    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

 a)   Description of the financial instrument, type of instrument  26(12)/(13)p Ordinary Shares

      Identification code                                          ISIN: GB00BWFGQN14

 b)   Nature of the transaction                                    A conditional award of ordinary shares in the Company's 2023 PSP.

 c)   Price(s) and volume(s)                                                          Price(s)           Volume(s)

                                                                                      £71.92             4,171

 d)   Aggregated information

      - Aggregated volume                                          4,171

      - Aggregated Price per share                                 £71.92

 e)   Date of the transaction                                      14 May 2026

 f)   Place of the transaction                                     Outside of a trading venue

 

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