Director/PDMR Shareholding

RNS Number : 2934B

Zotefoams PLC

13 April 2012

 



Friday, 13 April 2012

Zotefoams plc (the 'Company')

Directors' Shareholdings

On 12 April 2012 the Executive Directors listed below, became absolutely entitled to Ordinary Shares of 5p ('Shares') each in the capital of the Company, as a result of awards vesting under the Zotefoams 2007 Long Term Incentive Plan ('LTIP').  Awards granted under the LTIP vest subject to the satisfaction of performance targets at the end of a three year period.  The level of vesting for awards granted in 2009 was 88.7%, which was then increased to reflect the dividends paid during the performance period.

Director	Shares released to Director	No. of Shares sold to meet tax liability	Sale price (£)	Balance of Shares retained by Director
DB Stirling	170,156	88,660	1.70	81,496
CG Hurst	118,876	61,940	1.70	56,936

Following the above transactions, Mr Stirling and Mr Hurst are beneficially interested in the following number of Shares:

Director	No. of Shares	% of Company's Share Capital
DB Stirling	268,431	0.7%
CG Hurst	220,910	0.6%

Enquiries:
Zotefoams plc	020 8664 1600
David Stirling, Managing Director
Clifford Hurst, Finance Director

 

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