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

 

END

 

 

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