Directors' Dealings

RNS Number : 1025H

Norcros PLC

30 July 2019

 

Norcros plc ("Norcros" or "the Company")

Directors' Dealings - APSP and DBP Share Option exercises  

Share dealing Information

Norcros announces that the Company has been notified of the following share dealings by Nick Kelsall, Group Chief Executive and Shaun Smith, Group Finance Director, by way of the exercise of nil-cost share options under the Company's Approved Performance Share Plan (the "APSP") and Deferred Bonus Plan (the "DBP") over ordinary shares of ten pence each in the Company ("Shares").

Name	Total option Shares exercised	Total Shares used to pay tax/NIC on option exercises	Net Shares retained
Nick Kelsall Nick Kelsall Shaun Smith	133,837 (APSP)   92,544 (DBP)   89,891 (APSP)	62,903 (APSP) 43,496 (DBP) Nil* (APSP)	70,934 49,048 89,891

(*Shaun Smith paid the tax/NIC from his own funds)

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation ("MAR"), provide further details.

The aggregate numbers of Shares in which Nick Kelsall and Shaun Smith are interested before and after these share dealings are as follows:

Name	Number of Shares held (before)	Number of Shares held (after)
Nick Kelsall Shaun Smith	1,275,600       27,275	1,395,582    117,166

MAR Notification

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	Nick Kelsall
2	Reason for the notification
a)	Position/status	Group Chief Executive
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Norcros plc
b)	LEI	213800EIMJZZA1GBIE18
4 A	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 Identification code	Ordinary Share of 10 pence GB00BYYJL418
b)	Nature of the transaction	Acquisition - exercise of nil cost options under Approved Share Performance Plan (APSP) and Deferred Bonus Plan (DBP)
c)	Price(s) and volume(s)	Price(s) Volume(s) 0.00p 0.00p 133,837 shares (APSP) 92,544 shares (DBP)
d)	Aggregated information - Aggregated volume - Price	-       226,381 -       Nil
e)	Date of the transaction	29 July 2019
f)	Place of the transaction	Wilmslow, Cheshire, England
4 B	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 Identification code	Ordinary Share of 10 pence GB00BYYJL418
b)	Nature of the transaction	Disposal of shares acquired under Approved Share Performance Plan (APSP) and Deferred Bonus Plan (DBP)
c)	Price(s) and volume(s)	Price(s) Volume(s) 208.00p 208.00p 62,903 shares (APSP) 43,496 shares (DBP)
d)	Aggregated information - Aggregated volume - Price	-       106,399 -       208.00p per share
e)	Date of the transaction	29 July 2019
f)	Place of the transaction	Wilmslow, Cheshire, England

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Shaun Smith
2	Reason for the notification
a)	Position/status	Group Finance Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Norcros plc
b)	LEI	213800EIMJZZA1GBIE18
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 Identification code	Ordinary Share of 10 pence GB00BYYJL418
b)	Nature of the transaction	Acquisition - exercise of nil cost options under Approved Share Performance Plan (APSP) and Deferred Bonus Plan (DBP)
c)	Price(s) and volume(s)	Price(s) Volume(s) 0.00p 89,891 shares (APSP)
d)	Aggregated information - Aggregated volume - Price	-       89,891 -       Nil
e)	Date of the transaction	29 July 2019
f)	Place of the transaction	Wilmslow, Cheshire, England

Further enquiries:

Norcros plc	Tel: [phone]
Nick Kelsall, Group Chief Executive Shaun Smith, Group Finance Director
Hudson Sandler	Tel: [phone]
Nick Lyon
Nelly Akpaka

 

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