Norcros plc ("Norcros" or "the Company")
Directors' Dealings - DBP Share Option exercises
Share dealing Information
Norcros announces that the Company has today been notified of the following share dealings by Nick Kelsall, Chief Executive Officer and Shaun Smith, Chief Financial Officer by way of the exercise under the Deferred Bonus Plan (the "DBP") of options 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 Shaun Smith |
41,337 27,764 |
19,429 *Nil |
21,908 27,764
|
(*Shaun Smith paid the tax/NIC from his own funds)
Nick Kelsall then transferred the 21,908 Shares retained to his spouse, Mrs Susan Kelsall, for nil consideration and Shaun Smith transferred the 27,764 Shares retained to his spouse, Mrs Julie Smith, for nil consideration.
The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation ("MAR"), provides further detail.
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 |
1,675,686 224,491 |
1,697,594 252,255 |
MAR Notifications
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 |
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a) |
Name |
Nick Kelsall |
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2 |
Reason for the notification |
|||||
a) |
Position/status |
Chief Executive Officer |
||||
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 |
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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 Deferred Bonus Plan (DBP) |
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c)
|
Price(s) and volume(s)
|
|
||||
d)
|
Aggregated information - Aggregated volume - Price |
- n/a - n/a
|
||||
e)
|
Date of the transaction
|
27 July 2021 |
||||
f)
|
Place of the transaction
|
Wilmslow, Cheshire, England |
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
a) |
Name |
Nick Kelsall |
||||
2 |
Reason for the notification |
|||||
a) |
Position/status |
Chief Executive Officer |
||||
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
|
Disposals of shares acquired under Deferred Bonus Plan (DBP): (a) 19,429 shares sold to discharge tax/NIC liability arising; (b) transfer of 21,908 shares to person closely connected (spouse - Susan Kelsall) for nil consideration |
||||
c)
|
Price(s) and volume(s)
|
|
||||
d)
|
Aggregated information - Aggregated volume - Price |
- n/a - n/a
|
||||
e)
|
Date of the transaction
|
27 July 2021 |
||||
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 |
Chief Financial Officer |
||||
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 Deferred Bonus Plan (DBP) |
||||
c)
|
Price(s) and volume(s)
|
|
||||
d)
|
Aggregated information - Aggregated volume - Price |
- n/a - n/a
|
||||
e)
|
Date of the transaction
|
27 July 2021 |
||||
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 |
Chief Financial Officer |
||||
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
|
Disposal of shares acquired under Deferred Bonus Plan (DBP): transfer of 27,764 shares to person closely connected (spouse - Julie Smith) for nil consideration |
||||
c)
|
Price(s) and volume(s)
|
|
||||
d)
|
Aggregated information - Aggregated volume - Price |
- n/a - n/a
|
||||
e)
|
Date of the transaction
|
27 July 2021 |
||||
f)
|
Place of the transaction
|
Wilmslow, Cheshire, England |
Further enquiries:
Norcros plc |
Tel: 01625 547 700 |
Nick Kelsall, Chief Executive Officer Shaun Smith, Chief Financial Officer |
|
|
|
Hudson Sandler |
Tel: 0207 796 4133 |
Nick Lyon |
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