19 Mar 2013 17:40
Zotefoams plc (the 'Company')
Directors' Shareholdings
On 19 March 2013, the Executive Directors listed below became absolutely entitled to Ordinary Shares of 5p ('Shares') each in the capital of the Company, as a result of awards vesting under the Zotefoams 2007 Long Term Incentive Plan ('LTIP'). Awards granted under the LTIP vest subject to the satisfaction of performance targets at the end of a three year period. The level of vesting for awards granted in 2010 was 84.0%, which was then increased to reflect the dividends paid during the performance period.
Director
| Shares released to Director | No. of Shares sold to meet tax liability | Sale price (£) | Balance of Shares retained by Director |
DB Stirling
| 71,910 | 37,469 | 2.00 | 34,441 |
CG Hurst
| 50,238 | 26,177 | 2.00 | 24,061 |
Following the above transactions, Mr Stirling and Mr Hurst are beneficially interested in the following number of Shares:
Director
| Number of Shares | Percentage of issued Share Capital |
DB Stirling
| 307,727 | 0.8% |
CG Hurst
| 248,359 | 0.6% |
Enquiries:
James Kindell
Company Secretary
Zotefoams plc
020 8664 1600
Zotefoams (ZTF)