Director/PDMR Shareholding

RNS Number : 0585K

Zotefoams PLC

13 April 2015

 



Zotefoams plc (the 'Company')

Directors' Shareholdings

On 4 April 2015, 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 2012 was 66.0%, which was then increased to reflect the dividends paid during the performance period.

Director	No. of LTIP Shares released to Director	No. of Shares sold to meet tax liability	Sale price (£)	Balance of Shares retained by Director
DB Stirling	35,413	16,678	£2.959	18,735
CG Hurst	24,560	11,567	£2.959	12,993

In addition, on 7 April 2015, Mr Hurst exercised his option under the Company's Executive Share Option Scheme over 115,909 Shares.

Director	Shares released to Director on exercise of the option	Exercise price per share	No. of Shares sold to meet exercise cost and tax and NI liability	Sale price per share	Balance of Shares retained by Director
CG Hurst	115,909	77.0p	77,753	£2.959	38,156

Following the above-mentioned transactions, which all took place on 10 April 2015, 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	353,968	0.81%
CG Hurst	343,707	0.78%

Enquiries:

James Kindell

Company Secretary

Zotefoams plc

13 April 2015

 

END

 

 

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