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1 Dec 2015 10:52
1 December 2015
Scapa Group plc
('Scapa' or 'the Company')
Director Dealing:
Exercise of Options under 2011 Performance Share Plan
Scapa, a global manufacturer of bonding materials and solutions for the Healthcare and Industrial markets, announces that on 30 November 2015 it allotted 1,638,225 new ordinary shares of 5 pence each in the capital of the Company ('Shares') pursuant to the exercise of options under the 2011 Performance Share Plan ('PSP') by the Executive Directors and a Senior Executive of the Company. The Shares are admitted to trading under the Company's Block Listing application submitted on 27 August 2015.
The Company makes the following disclosures of dealing by Directors:
Mr. Heejae Chae, Group Chief Executive, was allotted 1,000,000 Shares on exercise of the PSP options on 30 November 2015. On 30 November 2015, Mr. Chae sold 600,000 Shares at a price per Share of 199.6 pence to raise funds to satisfy his tax liabilities in respect of share options. Following the sale, Mr. Chae holds 941,803 Shares, representing 0.63% of the issued share capital of the Company.
Mr. Paul Edwards, Group Finance Director, was allotted 570,543 Shares on exercise of the PSP options on 30 November 2015. On 30 November 2015, Mr. Edwards sold 269,503 Shares at a price per Share of 199.6 pence to raise funds to satisfy his tax liabilities in respect of the exercise. Following the sale, Mr. Edwards holds 597,719 Shares, representing 0.39% of the issued share capital of the Company.
Total Voting Rights
The Company advises that, following the issue of the new Shares pursuant to the exercise of options under the PSP, the Company's issued share capital is 149,993,533. No Shares are held in treasury. As such, the number of Shares with voting rights is 149,993,533. This figure may be used by shareholders as their denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.
For further information:
Scapa Group plc:
Rebecca Smith +44 (0) 161 301 7400
Company Secretary
Numis Securities Limited: +44 (0) 20 7260 1000
Mark Lander
Richard Thomas (Nominated Adviser)
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