Director/PDMR Shareholding

RNS Number : 0444E

Zotefoams PLC

31 March 2011

 



Thursday, 31 March 2011

ZOTEFOAMS PLC

Director's Dealings

As announced on 23 March 2011 the Executive Directors became beneficially interested in the following existing ordinary shares of 5 pence each in Zotefoams plc ("Ordinary Shares") on 20 March 2011:

Director	No. of Ordinary Shares
D B Stirling	64,065
CG Hurst	41,765

In addition, and in order to satisfy certain tax liabilities pursuant to these shares, the Executive Directors have sold a total of 49,000 existing Ordinary Shares at a price of 149.25 pence per existing Ordinary Share (the "Disposal") as set out below:

Director	Ordinary Shares sold	Total holding following the Disposal (including Placing Shares)*	Percentage of the enlarged share capital immediately following Admission*
DB Stirling	32,000	186,935	0.47
CG Hurst	17,000	157,904	0.40

Of the 186,935 Ordinary Shares held by Mr Stirling, 64,065 Ordinary Shares are held within the Zotefoams Employee Benefit Trust. All 157,904 Ordinary Shares are held directly by Mr Hurst.

* Admission refers to the admission of 1,534,219 new Ordinary Shares (the "Placing Shares") to listing on the Official List of the Financial Services Authority and to trading on the London Stock Exchange's main market for listed securities pursuant to the placing announced earlier today.

Enquiries:
Zotefoams plc	020 8664 1600
David Stirling, Managing Director
Clifford Hurst, Finance Director
Financial Dynamics Limited	020 7831 3113
Ben Brewerton, John Dineen

 

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