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Director/PDMR Shareholding

31 Mar 2011 15:04

RNS Number : 0444E
Zotefoams PLC
31 March 2011
 



Thursday, 31 March 2011

 

ZOTEFOAMS PLC

 

Director's Dealings

 

As announced on 23 March 2011 the Executive Directors became beneficially interested in the following existing ordinary shares of 5 pence each in Zotefoams plc ("Ordinary Shares") on 20 March 2011:

 

Director

No. of Ordinary Shares

D B Stirling

64,065

CG Hurst

41,765

 

In addition, and in order to satisfy certain tax liabilities pursuant to these shares, the Executive Directors have sold a total of 49,000 existing Ordinary Shares at a price of 149.25 pence per existing Ordinary Share (the "Disposal") as set out below:

 

Director

Ordinary Shares sold

Total holding following the Disposal (including Placing Shares)*

Percentage of the

enlarged share capital immediately following Admission*

DB Stirling

32,000

186,935

0.47

CG Hurst

17,000

157,904

0.40

 

Of the 186,935 Ordinary Shares held by Mr Stirling, 64,065 Ordinary Shares are held within the Zotefoams Employee Benefit Trust. All 157,904 Ordinary Shares are held directly by Mr Hurst.

 

* Admission refers to the admission of 1,534,219 new Ordinary Shares (the "Placing Shares") to listing on the Official List of the Financial Services Authority and to trading on the London Stock Exchange's main market for listed securities pursuant to the placing announced earlier today.

 

Enquiries:

Zotefoams plc

020 8664 1600

David Stirling, Managing Director

Clifford Hurst, Finance Director

Financial Dynamics Limited

020 7831 3113

Ben Brewerton, John Dineen

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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