Notification of Transactions of Directors/PDMRs

Zotefoams PLC

27 May 2026

 

Zotefoams plc

NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PDMRs

27 May 2026 - Zotefoams plc (LSE: ZTF) announces that on 27 May 2026, the Executive Directors and Persons Discharging Managerial Responsibilities (PDMR) were granted the following share awards over the Company's Ordinary Shares of 5p each under the Zotefoams Long Term Incentive Plan 2017 ('LTIP').

Share awards

Director	Ordinary LTIP Award	Maximum additional shares (multiplier)	Maximum total shares
Ronan Cox	171,159	171,159	342,318
Nick Wright	115,800	92,640	208,440

Awards under the LTIP were also granted to certain senior management over 236,006 number of shares.

Each award comprises:

·	an "ordinary LTIP award"; and
·	a "multiplier" element, which provides for additional shares to vest subject to the achievement of higher levels of performance.

The awards are subject to performance conditions measured over a three-year performance period from 1 January 2026 to 31 December 2028. Performance will be assessed against a combination of financial and market-based metrics, together with an ESG measure. In summary, the vesting of the ordinary LTIP awards is subject to:

·	earnings per share growth;
·	return on average capital employed;
·	relative total shareholder return against the FTSE Small Cap Index (excluding investment trusts); and
·	an ESG performance condition linked to revenues derived from products containing recycled polymer content.

The multiplier element is conditional on both the level of vesting of the ordinary LTIP award and the Company's absolute total shareholder return over the performance period.

Following the end of the performance period, the Remuneration Committee will determine the extent to which the performance conditions have been satisfied. Awards will normally vest shortly thereafter, subject to continued employment and the rules of the LTIP. The awards are subject to a further two-year holding period following vesting.  Further details of the LTIP are set out in the Company's Directors' Remuneration Report & Policy.

The number of shares subject to the awards has been calculated using a share price of £4.022 per share, being the 3-day average share price leading up to the date of grant.

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.

Emma Woollard

Group General Counsel and Company Secretary

Zotefoams plc

07526567602 

Enquiries:

Zotefoams plc		[phone]
Ronan Cox, Group CEO
Nick Wright, Group CFO
IFC Advisory (Financial PR & IR)		[phone]
Graham Herring

About Zotefoams plc

Zotefoams plc (LSE - ZTF) is a world leader in high-performance foam 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 is headquartered in London, UK, with manufacturing sites in Croydon, UK, Kentucky, USA and Brzeg, Poland (foam manufacture), Oklahoma, USA (foam products manufacture and conversion), Anglesola and Burgos, Spain (foam manufacture) and Jiangsu Province, China (T-FIT).

 www.zotefoams.com

AZOTE^®, ZOTEK^®, and T-FIT^® are registered trademarks of 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: Ronan Michael Cox
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: Award of performance shares under the 2017 Long-Term Incentive Plan with a holding period of 2 years post vesting date
c)	Price(s) and volume(s): Price(s) Volume(s) £0.00 Ordinary LTIP: 171,159 £0.00 Multiplier: 171,159
d)	Aggregated information: n/a - single transaction
e)	Date of the transaction: 27 May 2026
f)	Place of the transaction: Off market

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name: Nick Wright
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: Award of performance shares under the 2017 Long-Term Incentive Plan with a holding period of 2 years post vesting date
c)	Price(s) and volume(s): Price(s) Volume(s) £0.00 Ordinary LTIP: 115,800 £0.00 Multiplier: 92,640
d)	Aggregated information: n/a - single transaction
e)	Date of the transaction: 27 May 2026
f)	Place of the transaction: Off market

 

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