Last checked at 30 Jul 2019 07:00
Norcros plc ("Norcros" or "the Company")
Directors' Dealings - APSP and DBP Share Option exercises
Share dealing Information
Norcros announces that the Company has been notified of the following share dealings by Nick Kelsall, Group Chief Executive and Shaun Smith, Group Finance Director, 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 | 133,837 (APSP) 92,544 (DBP)
89,891 (APSP) | 62,903 (APSP) 43,496 (DBP)
Nil* (APSP) | 70,934 49,048
89,891
|
(*Shaun Smith paid the tax/NIC from his own funds)
The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation ("MAR"), provide further details.
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 | 1,275,600 27,275 | 1,395,582 117,166 |
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 | Group Chief Executive | ||||
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 Approved Share Performance Plan (APSP) and Deferred Bonus Plan (DBP) | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information - Aggregated volume - Price |
- 226,381 - Nil
| ||||
e)
| Date of the transaction
| 29 July 2019 | ||||
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 shares acquired under Approved Share Performance Plan (APSP) and Deferred Bonus Plan (DBP) | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information - Aggregated volume - Price |
- 106,399 - 208.00p per share
| ||||
e)
| Date of the transaction
| 29 July 2019 | ||||
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 | Group Finance Director | ||||
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)
|
| ||||
d)
| Aggregated information - Aggregated volume - Price |
- 89,891 - Nil
| ||||
e)
| Date of the transaction
| 29 July 2019 | ||||
f)
| Place of the transaction
| Wilmslow, Cheshire, England | ||||
Further enquiries:
Norcros plc | Tel: 01625 547 700 |
Nick Kelsall, Group Chief Executive Shaun Smith, Group Finance Director | |
Hudson Sandler | Tel: 0207 796 4133 |
Nick Lyon | |
Nelly Akpaka |