Last checked at 3 Sep 2014 14:07
Norcros plc
("Norcros" or "the Company")
Directors' Dealings - APSP Share Option exercises and subsequent share transfers
Norcros announces that the Company has today been notified of the following sharedealings by the Executive Directors of the Company by way of the exercise of nil-cost share options under the Company's Approved Performance Share Plan (the "APSP") over ordinary shares of one pence each in the Company ("Shares").
Name | Number of Shares acquired from options exercised |
Nick Kelsall | 2,122,449 |
Martin Payne | 1,469,388 |
The Executive Directors then sold Shares in order to satisfy the tax liabilities arising on the option exercises (Nick Kelsall 968,075 Shares and Martin Payne 661,137 Shares).
Nick Kelsall also sold 1,154,374 Shares and Martin Payne sold 404,702 Shares.
All the above Share sales were at a price of 16.5p
Martin Payne also transferred for nil consideration 403,549 Shares to his spouse.
All of the sharedealings took place on 3 September 2014.
The aggregate numbers of Shares in which each Executive Director is interested before and after these sharedealings are as follows:
Name | Number of Shares held (before) | Number of Shares held (after) |
Nick Kelsall | 7,865,143 | 7,865,143 |
Martin Payne | 400,000 | 803,549 |
Further enquiries:
Norcros plc | Tel: 01625 547 700 |
Nick Kelsall, Group Chief Executive Martin Payne, Group Finance Director |
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Hudson Sandler | Tel: 0207 796 4133 |
Nick Lyon |
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Charlie Jack |
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Katie Matthews |
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