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Norcros PLC (NXR)

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Monday 16 November, 2020

Norcros PLC

Directors' Dealings

RNS Number : 4920F
Norcros PLC
16 November 2020
 

Norcros plc ("Norcros" or "the Company")

Directors' Dealings - APSP and 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 of nil-cost share options under the Company's Approved Performance Share Plan (the "APSP") and Deferred Bonus Plan (the "DBP") 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

Nick Kelsall

 

Shaun Smith

Shaun Smith

52,607 (APSP)

  68,920 (DBP)

 

 35,333 (APSP)

  45,993 (DBP)

24,726 (APSP)

32,393 (DBP)

 

Nil* (APSP)

Nil* (DBP)

27,881

36,527

 

35,333

45,993

 

(*tax/NIC paid from own funds)

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

  1,600,000

   143,165

1,664,408

   224,491

 

 

MAR Notification

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

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 (a) 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 Approved Share Performance Plan (APSP) and Deferred Bonus Plan (DBP)

c)

 

Price(s) and volume(s)

 

 

 

 

 

Price(s)

Volume(s)

0.00p

0.00p

52,607 shares (APSP)

68,920 shares (DBP)

d)

 

Aggregated information

- Aggregated volume

- Price

 

-  121,527

-  Nil

 

e)

 

Date of the transaction

 

16 November 2020

f)

 

Place of the transaction

 

Wilmslow, Cheshire, England

  4 B

 

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 some of the shares acquired under Approved Share Performance Plan (APSP) and Deferred Bonus Plan (DBP) to settle Tax & NIC

c)

 

Price(s) and volume(s)

 

 

 

 

 

Price(s)

Volume(s)

185.00p

185.00p

24,726 shares (APSP)

32,393 shares (DBP)

d)

 

Aggregated information

- Aggregated volume

- Price

 

-  57,119

-  185.00p per share

 

e)

 

Date of the transaction

 

16 November 2020

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 Approved Share Performance Plan (APSP) and Deferred Bonus Plan (DBP)

c)

 

Price(s) and volume(s)

 

 

 

 

 

Price(s)

Volume(s)

0.00p

0.00p

35,333 shares (APSP)

45,993 (DBP)

d)

 

Aggregated information

- Aggregated volume

- Price

 

-  81,326

-  Nil

 

e)

 

Date of the transaction

 

16 November 2020

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


Charlie Jack


 

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