Director/PDMR Shareholding

RNS Number : 4158E
Zotefoams PLC
09 April 2014
 



Zotefoams plc (the 'Company')

 

Directors' Shareholdings

 

On 8 April 2014, 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') and the Zotefoams 2007 Deferred Bonus Share Plan ('DBSP').

 

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 2011 was 24.8%, which was then increased to reflect the dividends paid during the performance period.

 

Awards granted under the DBSP vest three years after being granted subject to the satisfaction of service conditions.  The awards were increased to reflect the dividends paid during the restricted period.

 

Director

 

No. of LTIP Shares released to Director

No. of DBSP Shares released to Director

Total no. of Shares released to Director

No. of Shares sold to meet tax liability

Sale price (£)

Balance of Shares retained by Director

DB Stirling

 

15,845

7,795

23,640

11,134

2.2715

12,506

CG Hurst

 

11,004

5,413

16,417

7,732

2.2715

8,685

 

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

 

Director

 

Number of Shares

Percentage of issued Share Capital

DB Stirling

 

320,233

 

0.80%

CG Hurst

 

273,922

 

0.69%

 

 

Enquiries:

 

James Kindell

Company Secretary

Zotefoams plc

020 8664 1600

 

9 April 2014

 


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

Companies

Zotefoams (ZTF)
UK 100

Latest directors dealings