Deferred Share Awards and Directors' Dealing

RNS Number : 9957O

Norcros PLC

26 September 2013

 



Norcros plc

("Norcros" or "the Company")

Deferred Share Awards and Directors' Dealing

Norcros announces that the Remuneration Committee of the Company has granted the following nil cost share option awards in respect of the year ended 31 March 2013 (the "2013 Awards") to the Executive Directors of the Company under the Company's Deferred Share Bonus Plan (the "Deferred Plan") over ordinary shares of one pence each in the Company ("Ordinary Shares").

Name	Number of Ordinary Shares subject to the Deferred Plan Award
Nick Kelsall	306,322
Martin Payne	212,069

Under the annual bonus scheme, 50 per cent. of an Executive Director's total bonus for the year is satisfied in cash, with the other 50 per cent. in the form of nil cost options under the Deferred Plan.

The 2013 Awards will normally vest on the third anniversary of their grant.  No consideration was paid for the 2013 Awards and no consideration is due to be payable on vesting.

Further enquiries:

Norcros plc	Tel: [phone]
Nick Kelsall, Group Chief Executive Martin Payne, Group Finance Director
Hudson Sandler	Tel: [phone]
Nick Lyon
Charlie Jack
Katie Matthews

 

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