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Last checked at 
16 Apr 2019 16:41
Zotefoams plc
(the 'Company')
NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PDMRs
On 15 April 2019, the Company received notice from its Employee Benefit Trust of the exercise and partial sale for tax of nil cost options granted over ordinary shares of 5 pence each ('Shares') under the Company's 2012 Deferred Bonus Share Plan ('DBSP') and 2007 Long-Term Incentive Plan ('LTIP') by Mr D B Stirling and Mr G C McGrath as follows:
Director
| LTIP | DBSP | Sold for tax | Sale price (£) | Anticipated still to be sold for tax | Balance of shares retained and transferred to Director |
D B Stirling | 78,203 | 8,688 | 8,031 | £5.9659 | 32,808 | 46,052 |
G C McGrath | 50,828 | Nil | 4,698 | £5.9659 | 19,191 | 26,939 |
The shares in the "Anticipated still to be sold for tax" column are those that the Company has been notified are still to be sold for the purpose of satisfying the tax liability generated by the exercise of the options, but which have not been sold as at 15 April 2019. These shares have not been transferred into the name of the Director.
Awards granted under the LTIP vest subject to the satisfaction of performance targets over the three-year performance period. The level of vesting for awards granted in 2016 was 100%, which was then increased to reflect the dividends paid during the performance period.
Awards granted under the DBSP vest three years from grant, subject to satisfaction of service conditions. The awards were increased to reflect the dividends paid during the restricted period.
Following these transactions, which completed on 12 April 2019 and 9 April 2019 (in the case of the transfer of the balance of shares to Mr Stirling), Mr Stirling and Mr McGrath are beneficially interested in the following number of Shares:
Director | Number of Shares¹ |
D B Stirling | 492,541 |
G C McGrath | 32,254 |
¹ Includes Partnership Shares, Dividend Shares and vested Matching Shares under the Company's Share Incentive Plan.
The Notification of Dealing Form for Mr Stirling and Mr McGrath can be found below.
This notification is made in accordance with the Market Abuse Regulation.
Enquiries:
James Adams
Interim Company Secretary
Zotefoams plc
16 April 2019
020 8664 1600
About Zotefoams plc:
Zotefoams plc (LSE - ZTF) is a world leader in cellular materials technology. Using a unique manufacturing process with environmentally friendly nitrogen expansion, Zotefoams produces and sells lightweight AZOTE® polyolefin and ZOTEK® high-performance foams for diverse markets worldwide. Zotefoams uses its own cellular materials to manufacture T-FIT® advanced insulation for demanding industrial markets. In addition, Zotefoams owns and licenses patented MuCell® microcellular foam technology, developed specifically for extrusion applications, from a base in Massachusetts, USA to customers worldwide.
Zotefoams is headquartered in Croydon, UK, with additional manufacturing sites in Kentucky and Oklahoma, USA (foam products manufacture and conversion), Massachusetts, USA (MuCell Extrusion) and Jiangsu Province, China (T-FIT®).
www.zotefoams.com
AZOTE®, ZOTEK®, T-FIT® are registered trademarks of Zotefoams plc
MuCell® is a registered trademark of Trexel Inc.
ZOTEFOAMS PLC
DEALING NOTIFICATION FORMFOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS
1. | Details of the person discharging managerial responsibilities/person closely associated | ||||||
a) | Name: David Stirling | ||||||
2. | Reason for the notification | ||||||
a) | Position/status: Group CEO | ||||||
b) | Initial notification/Amendment: Initial notification | ||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||
a) | Name: Zotefoams plc | ||||||
b) | LEI: 213800B6P256B5XN8D32 | ||||||
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: Ordinary shares of 5 pence each Identification code: GB0009896605 | ||||||
b) | Nature of the transaction: Exercise and retention under the Long-Term Incentive Plan | ||||||
c) | Price(s) and volume(s):
| ||||||
d) | Aggregated information:
| ||||||
e) | Date of the transaction: 9 April 2019 | ||||||
f) | Place of the transaction: XLON | ||||||
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: Ordinary shares of 5 pence each Identification code: GB0009896605 | ||||||
b) | Nature of the transaction: Exercise and sale for tax under the Long-Term Incentive Plan | ||||||
c) | Price(s) and volume(s):
| ||||||
d) | Aggregated information:
| ||||||
e) | Date of the transaction: 12 April 2019 | ||||||
f) | Place of the transaction: XLON |
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: Ordinary shares of 5 pence each Identification code: GB0009896605 | ||||
b) | Nature of the transaction: Exercise and retention under Deferred Bonus Share Plan | ||||
c) | Price(s) and volume(s):
| ||||
d) | Aggregated information:
| ||||
e) | Date of the transaction: 9 April 2019 | ||||
f) | Place of the transaction: XLON |
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: Ordinary shares of 5 pence each Identification code: GB0009896605 | ||||
b) | Nature of the transaction: Exercise and sale for tax under Deferred Bonus Share Plan | ||||
c) | Price(s) and volume(s):
| ||||
d) | Aggregated information:
| ||||
e) | Date of the transaction: 12 April 2019 | ||||
f) | Place of the transaction: XLON |
ZOTEFOAMS PLC
DEALING NOTIFICATION FORMFOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS
1. | Details of the person discharging managerial responsibilities/person closely associated | ||||||
a) | Name: Gary McGrath | ||||||
2. | Reason for the notification | ||||||
a) | Position/status: Group CFO | ||||||
b) | Initial notification/Amendment: Initial notification | ||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||
a) | Name: Zotefoams plc | ||||||
b) | LEI: 213800B6P256B5XN8D32 | ||||||
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: Ordinary shares of 5 pence each Identification code: GB0009896605 | ||||||
b) | Nature of the transaction: Exercise and retention under the Long-Term Incentive Plan | ||||||
c) | Price(s) and volume(s):
| ||||||
d) | Aggregated information:
| ||||||
e) | Date of the transaction: 12 April 2019 | ||||||
f) | Place of the transaction: XLON | ||||||
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: Ordinary shares of 5 pence each Identification code: GB0009896605 | ||||||
b) | Nature of the transaction: Exercise and sale for tax under the Long-Term Incentive Plan | ||||||
c) | Price(s) and volume(s):
| ||||||
d) | Aggregated information:
| ||||||
e) | Date of the transaction: 12 April 2019 | ||||||
f) | Place of the transaction: XLON |
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