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Norcros PLC (NXR)

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Tuesday 27 July, 2021

Norcros PLC

Directors' Dealings

RNS Number : 6662G
Norcros PLC
27 July 2021
 

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

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

 

Acquisition - exercise of nil cost options under Deferred Bonus Plan (DBP)

c)

 

Price(s) and volume(s)

 

 

 

 

 

Price(s)

Volume(s)

0.00p

41,337 shares

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)

 

 

 

 

 

Price(s)

Volume(s)

312.00p

0.00p

19,429 shares

21,908 shares

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)

 

 

 

 

 

Price(s)

Volume(s)

0.00p

 

27,764 shares

 

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)

 

 

 

 

 

Price(s)

Volume(s)

0.00p

27,764 shares

 

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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