Last checked at 29 May 2018 17:34
Zotefoams plc (the 'Company')
Grant of share awards
The Company announces that on 24 May 2018 the Executive Directors were granted the following conditional awards over the Company's Ordinary Shares of 5p each under the terms of the Company's Long Term Incentive Plan 2017 ('LTIP 2017'):
Name | Number of shares | ||
D B Stirling | Chief Executive Officer | 66,908 | |
G C McGrath | Chief Financial Officer | 45,090 |
The LTIP 2017 awards will vest on the third anniversary of the grant subject to achieving the performance criteria detailed in the Company's Annual Report 2017and will be released in three equal tranches on the third, fourth and fifth anniversaries of the date of grant.
Further, on 24 May 2018 the Executive Directors were granted the following restricted share awards over the Company's Ordinary Shares of 5p each under the Company's Deferred Bonus Share Plan ('DBSP'):
Name | Number of shares | ||
D B Stirling | Chief Executive Officer | 6,656 | |
G C McGrath | Chief Financial Officer | 4,419 |
The DBSP awards will be released on the third anniversary of grant subject to satisfaction of service conditions.
The Notification of Dealing Form for each Executive Director can be found below.
This notification is made in accordance with Article 19 of the Market Abuse Regulations.
Enquiries:
Alex Small
Company Secretary
Zotefoams plc
020 8664 1600
29 May 2018
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: 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: 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: 1) Award of performance shares under the Long Term Incentive Plan 2017 and 2) Award of restricted shares under the Deferred Bonus Share Plan | ||||||
c) | Price(s) and volume(s):
| ||||||
d) | Aggregated information:
| ||||||
e) | Date of the transaction: 2017-05-24 | ||||||
f) | Place of the transaction: Outside a trading venue |
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: 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: 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: 1) Award of performance shares under the Long Term Incentive Plan 2017 and 2) Award of restricted shares under the Deferred Bonus Share Plan | ||||||
c) | Price(s) and volume(s):
| ||||||
d) | Aggregated information:
| ||||||
e) | Date of the transaction: 2017-05-24 | ||||||
f) | Place of the transaction: Outside a trading venue |