Directors' Dealings

RNS Number : 7542Q
Norcros PLC
03 September 2014
 



Norcros plc

("Norcros" or "the Company")

 Directors' Dealings - APSP Share Option exercises and subsequent share transfers

Norcros announces that the Company has today been notified of the following sharedealings by the Executive Directors of the Company by way of the exercise of nil-cost share options under the Company's Approved Performance Share Plan (the "APSP") over ordinary shares of one pence each in the Company ("Shares").

Name

Number of Shares acquired from options exercised

Nick Kelsall

2,122,449

Martin Payne

1,469,388

 

The Executive Directors then sold Shares in order to satisfy the tax liabilities arising on the option exercises (Nick Kelsall 968,075 Shares and Martin Payne 661,137 Shares).

Nick Kelsall also sold 1,154,374 Shares and Martin Payne sold 404,702 Shares.

All the above Share sales were at a price of 16.5p

Martin Payne also transferred for nil consideration 403,549 Shares to his spouse.

All of the sharedealings took place on 3 September 2014.

The aggregate numbers of Shares in which each Executive Director is interested before and after these sharedealings are as follows:

Name

  Number of Shares held (before)

Number of Shares held (after)

Nick Kelsall

  7,865,143

7,865,143

Martin Payne

  400,000

803,549

 

Further enquiries:

Norcros plc

Tel: 01625 547 700

Nick Kelsall, Group Chief Executive

Martin Payne, Group Finance Director

 

 

 

Hudson Sandler

Tel: 0207 796 4133

Nick Lyon

 

Charlie Jack

 

Katie Matthews

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
RDSLJMJTMBMMBAI

Companies

Norcros (NXR)
UK 100

Latest directors dealings