Notification Of Transactions Of Directors/PDMRs

Zotefoams PLC

26 April 2023

 

Zotefoams plc

(the 'Company')

NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PDMRs

26 April 2023 - On 25 April 2023, the Company received notice from its Employee Benefit Trust of the exercise and partial sale for tax of nil cost options granted over ordinary shares of 5 pence each ('Shares') under the Company's 2017 Deferred Bonus Share Plan ('DBSP') as follows:

DIRECTORS
	D B Stirling	G C McGrath
Number of shares exercised	12,307	7,741
Number of shares sold on 20 April 2023 at a sale price of £3.82 (RNS 2825X)	6,057	-
Number of shares sold on 24 April 2023 at a price of £3.81	2,019	-
Number of shares sold on 25 April 2023 at a price of £3.72	4,231	-
Number of shares sold for tax on 20 April 2023 at a sale price of £3.82 (RNS 2825X)	-	1,828
Number of shares sold for tax on 24 April 2023 at a price of £3.81	-	609
Number of shares sold for tax on 25 April 2023 at a price of £3.72	-	1,278
Balance of shares to be retained and transferred to the Director at a price of £3.79 on 25 April 2023	-	4,026

PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES (PDMRs)
	K D Hewson	J P Bridges	H D Morgan	B Sala
Number of shares exercised	5,613	3,773	6,769	3,860
Number of shares sold on 20 April 2023 at a sale price of £3.82 (RNS 2825X)	2,762	1,857	-	-
Number of shares sold on 24 April 2023 at a price of £3.81	921	619	-	-
Number of shares sold on 25 April 2023 at a price of £3.72	1,930	1,297	-	-
Number of shares sold for tax on 20 April 2023 at a sale price of £3.82 (RNS 2825X)	-	-	1,585	911
Number of shares sold for tax on 24 April 2023 at a price of £3.81	-	-	528	304
Number of shares sold for tax on 25 April 2023 at a price of £3.72	-	-	1,106	637
Balance of shares to be retained and transferred to the PDMR at a price of £3.79 on 25 April 2023	-	-	3,550	2,008

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

Following these transactions, which completed on 20 April 2023, 24 April 2023 and 25 April 2023, Mr Stirling and Mr McGrath are beneficially interested in the following number of Shares:

Director	Number of Shares¹
D B Stirling	492,707
G C McGrath	98,499

The Notification of Dealing Form for each Director/PDMR can be found below.

This announcement is made in accordance with the requirements of Article 19 of the UK Market Abuse Regulation.

Lydia Harratt

Group Company Secretary

Zotefoams plc

020 8664 1600

About Zotefoams plc

Zotefoams plc (LSE - ZTF) is a world leader in cellular materials technology delivering optimal material solutions for the benefit of society. Utilising a variety of unique manufacturing processes, including environmentally friendly nitrogen expansion for lightweight AZOTE^® polyolefin and ZOTEK^® high-performance foams, Zotefoams sells to diverse markets worldwide. Zotefoams uses its own cellular materials to manufacture T-FIT^® advanced insulation for demanding industrial markets. Zotefoams also owns and licenses patented microcellular foam technology to reduce plastic use in extrusion applications and for ReZorce^® mono-material recyclable barrier packaging.

Zotefoams is headquartered in Croydon, UK, with additional manufacturing sites in Kentucky, USA and Brzeg, Poland (foam manufacture), Oklahoma, USA (foam products manufacture and conversion), Massachusetts, USA, Stilling, Denmark (microcellular foam technology) and Jiangsu Province, China (T-FIT).

www.zotefoams.com

AZOTE^®, ZOTEK^®, ReZorce^® and T-FIT^® are registered trademarks of Zotefoams plc.

ZOTEFOAMS PLC

DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name: David Burns Stirling
2.	Reason for the notification
a)	Position/status: Group CEO
b)	Initial notification/Amendment: Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name:   Zotefoams plc
b)	LEI: 213800B6P256B5XN8D32
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: Ordinary shares of 5 pence each Identification code: GB0009896605
b)	Nature of the transaction: Exercise and sale under the Deferred Bonus Share Plan
c)	Price(s) and volume(s): Price(s) Volume(s) £3.81 2,019
d)	Aggregated information: Aggregate Price Aggregate Volume Aggregate Total £3.81 2,019 £7,692.39
e)	Date of the transaction: 24 April 2023
f)	Place of the transaction: XLON
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: Ordinary shares of 5 pence each Identification code: GB0009896605
b)	Nature of the transaction: Exercise and sale under the Deferred Bonus Share Plan
c)	Price(s) and volume(s): Price(s) Volume(s) £3.72 4,231
d)	Aggregated information: Aggregate Price Aggregate Volume Aggregate Total £3.72 4,231 £15,739.32
e)	Date of the transaction: 25 April 2023
f)	Place of the transaction: XLON

ZOTEFOAMS PLC

DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name: Gary Christopher McGrath
2.	Reason for the notification
a)	Position/status: Group CFO
b)	Initial notification/Amendment: Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name:   Zotefoams plc
b)	LEI: 213800B6P256B5XN8D32
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: Ordinary shares of 5 pence each Identification code: GB0009896605
b)	Nature of the transaction: Exercise and sale for tax under the Deferred Bonus Share Plan
c)	Price(s) and volume(s): Price(s) Volume(s) £3.81 609
d)	Aggregated information: Aggregate Price Aggregate Volume Aggregate Total £3.81 609 £2,320.29
e)	Date of the transaction: 24 April 2023
f)	Place of the transaction: XLON
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: Ordinary shares of 5 pence each Identification code: GB0009896605
b)	Nature of the transaction: Exercise and sale for tax under the Deferred Bonus Share Plan
c)	Price(s) and volume(s): Price(s) Volume(s) £3.72 1,278
d)	Aggregated information: Aggregate Price Aggregate Volume Aggregate Total £3.72 1,278 £4,754.16
e)	Date of the transaction: 25 April 2023
f)	Place of the transaction: XLON
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: Ordinary shares of 5 pence each Identification code: GB0009896605
b)	Nature of the transaction: Exercise and retention under the Deferred Bonus Share Plan
c)	Price(s) and volume(s): Price(s) Volume(s) £3.79 4,026
d)	Aggregated information: Aggregate Price Aggregate Volume Aggregate Total £3.79 4,026 £15,258.54
e)	Date of the transaction: 25 April 2023
f)	Place of the transaction: XLON

ZOTEFOAMS PLC

DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name: Karl David Hewson
2.	Reason for the notification
a)	Position/status: Senior Executive
b)	Initial notification/Amendment: Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name:   Zotefoams plc
b)	LEI: 213800B6P256B5XN8D32
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: Ordinary shares of 5 pence each Identification code: GB0009896605
b)	Nature of the transaction: Exercise and sale under the Deferred Bonus Share Plan
c)	Price(s) and volume(s): Price(s) Volume(s) £3.81 921
d)	Aggregated information: Aggregate Price Aggregate Volume Aggregate Total £3.81 921 £3,509.01
e)	Date of the transaction: 24 April 2023
f)	Place of the transaction: XLON
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: Ordinary shares of 5 pence each Identification code: GB0009896605
b)	Nature of the transaction: Exercise and sale under the Deferred Bonus Share Plan
c)	Price(s) and volume(s): Price(s) Volume(s) £3.72 1,930
d)	Aggregated information: Aggregate Price Aggregate Volume Aggregate Total £3.72 1,930 £7,179.60
e)	Date of the transaction: 25 April 2023
f)	Place of the transaction: XLON

ZOTEFOAMS PLC

DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name: Hugh De Riemer Morgan
2.	Reason for the notification
a)	Position/status: Senior Executive
b)	Initial notification/Amendment: Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name:   Zotefoams plc
b)	LEI: 213800B6P256B5XN8D32
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: Ordinary shares of 5 pence each Identification code: GB0009896605
b)	Nature of the transaction: Exercise and sale for tax under the Deferred Bonus Share Plan
c)	Price(s) and volume(s): Price(s) Volume(s) £3.81 528
d)	Aggregated information: Aggregate Price Aggregate Volume Aggregate Total £3.81 528 £2,011.68
e)	Date of the transaction: 24 April 2023
f)	Place of the transaction: XLON

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: Ordinary shares of 5 pence each Identification code: GB0009896605
b)	Nature of the transaction: Exercise and sale for tax under the Deferred Bonus Share Plan
c)	Price(s) and volume(s): Price(s) Volume(s) £3.72 1,106
d)	Aggregated information: Aggregate Price Aggregate Volume Aggregate Total £3.72 1,106 £4,114.32
e)	Date of the transaction: 25 April 2023
f)	Place of the transaction: XLON
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: Ordinary shares of 5 pence each Identification code: GB0009896605
b)	Nature of the transaction: Exercise and retention under the Deferred Bonus Share Plan
c)	Price(s) and volume(s): Price(s) Volume(s) £3.79 3,550
d)	Aggregated information: Aggregate Price Aggregate Volume Aggregate Total £3.79 3,550 £13,454.50
e)	Date of the transaction: 25 April 2023
f)	Place of the transaction: XLON

ZOTEFOAMS PLC

DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

1.		Details of the person discharging managerial responsibilities/person closely associated
a)		Name: Benito Sala
2.		Reason for the notification
a)		Position/status: Senior Executive
b)		Initial notification/Amendment: Initial notification
3.		Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)		Name:   Zotefoams plc
b)		LEI: 213800B6P256B5XN8D32
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: Ordinary shares of 5 pence each Identification code: GB0009896605
b)		Nature of the transaction: Exercise and sale for tax under the Deferred Bonus Share Plan
c)		Price(s) and volume(s): Price(s) Volume(s) £3.81 304
d)		Aggregated information: Aggregate Price Aggregate Volume Aggregate Total £3.81 304 £1,158.24
e)		Date of the transaction: 24 April 2023
f)		Place of the transaction: XLON
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: Ordinary shares of 5 pence each Identification code: GB0009896605
b)		Nature of the transaction: Exercise and sale for tax under the Deferred Bonus Share Plan
c)		Price(s) and volume(s): Price(s) Volume(s) £3.72 637
d)		Aggregated information: Aggregate Price Aggregate Volume Aggregate Total £3.72 637 £2,369.64
e)		Date of the transaction: 25 April 2023
f)		Place of the transaction: XLON
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: Ordinary shares of 5 pence each Identification code: GB0009896605
b)	Nature of the transaction: Exercise and retention under the Deferred Bonus Share Plan
c)	Price(s) and volume(s): Price(s) Volume(s) £3.79 2,008
d)	Aggregated information: Aggregate Price Aggregate Volume Aggregate Total £3.79 2,008 £7,610.32
e)	Date of the transaction: 25 April 2023
f)	Place of the transaction: XLON

ZOTEFOAMS PLC

DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name: James Peter Bridges
2.	Reason for the notification
a)	Position/status: Senior Executive
b)	Initial notification/Amendment: Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name:   Zotefoams plc
b)	LEI: 213800B6P256B5XN8D32
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: Ordinary shares of 5 pence each Identification code: GB0009896605
b)	Nature of the transaction: Exercise and sale under the Deferred Bonus Share Plan
c)	Price(s) and volume(s): Price(s) Volume(s) £3.81 619
d)	Aggregated information: Aggregate Price Aggregate Volume Aggregate Total £3.81 619 £2,358.39
e)	Date of the transaction: 24 April 2023
f)	Place of the transaction: XLON
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: Ordinary shares of 5 pence each Identification code: GB0009896605
b)	Nature of the transaction: Exercise and sale under the Deferred Bonus Share Plan
c)	Price(s) and volume(s): Price(s) Volume(s) £3.72 1,297
d)	Aggregated information: Aggregate Price Aggregate Volume Aggregate Total £3.72 1,297 £4,824.84
e)	Date of the transaction: 25 April 2023
f)	Place of the transaction: XLON

 

END