REG - Norcros PLC - Director Shareholding

NorcrosAnnouncement

26/03/2019 09:30

RNS Number : 0207U
Norcros PLC
26 March 2019
 


Norcros plc
("Norcros" or "the Company")
Director Shareholding
Norcros announces that, on 25 March 2019, Mr Martin Towers, Chairman of the Company, transferred 40,379 shares to his wife, Mrs Emma Towers, for nil consideration.
The following notifications are made in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation.
MAR Notification
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.



1


Details of the person discharging managerial responsibilities / person closely associated




a)


Name


Martin Towers




2


Reason for the notification




a)


Position/status


Non-Executive Chairman




b)


Initial notification /Amendment


Initial notification




3


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a)


Name


Norcros plc




b)


LEI


213800EIMJZZA1GBIE18




4 A
 


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
 
Identification code


Ordinary Share of 10 pence
 
 
GB00BYYJL418
 




b)


Nature of the transaction


Transfer of shares to spouse, Mrs Emma Towers.




c)
 


Price(s) and volume(s)
 
 
 
 


 



Price(s)


Volume(s)




0.00p


40,379








d)
 


Aggregated information
- Aggregated volume
- Price


 
-       N/A
-       N/A
 




e)
 


Date of the transaction
 


25 March 2019




f)
 


Place of the transaction
 


Eastbourne, England




1


Details of the person discharging managerial responsibilities / person closely associated




a)


Name


Emma Towers




2


Reason for the notification




a)


Position/status


Person closely associated with Mr Martin Towers, Non-Executive Chairman




b)


Initial notification /Amendment


Initial notification




3


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a)


Name


Norcros plc




b)


LEI


213800EIMJZZA1GBIE18




4 A
 


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
 
Identification code


Ordinary Share of 10 pence
 
 
GB00BYYJL418
 




b)


Nature of the transaction


Transfer of shares from spouse, Mr Martin Towers.




c)
 


Price(s) and volume(s)
 
 
 
 


 



Price(s)


Volume(s)




0.00p


40,379








d)
 


Aggregated information
- Aggregated volume
- Price


 
-       N/A
-       N/A
 




e)
 


Date of the transaction
 


25 March 2019




f)
 


Place of the transaction
 


Eastbourne, England



 
Further enquiries:



Norcros plc


Tel: 01625 547 700




Nick Kelsall, Group Chief Executive
Martin Towers, Chairman


 




 


 




Hudson Sandler


Tel: 0207 796 4133




Nick Lyon
Nelly Akpaka


 



 
Notes to Editors
·      Norcros is a leading supplier of high quality and innovative bathroom and kitchen products with operations primarily in the UK and South Africa
·      Based in the UK, Norcros operates under seven brands:
o  Triton - Market leader in the manufacture and marketing of showers in the UK
o  Merlyn - the UK and Ireland's No. 1 supplier of shower enclosures and trays to the residential, commercial and hospitality sectors
o  Vado - A leading manufacturer and supplier of taps, mixer showers, bathroom accessories and valves
o  Croydex - A market-leading, innovative designer, manufacturer and distributor of high-quality bathroom furnishings and accessories
o  Abode - A leading niche designer and distributor of high-quality kitchen taps, bathroom taps and kitchen sinks
o  Johnson Tiles - A leading manufacturer and supplier of ceramic tiles in the UK
o  Norcros Adhesives - Manufacturer of tile & stone adhesives, grouts and related products
·      Based in South Africa, Norcros operates under three brands:
o  Tile Africa - Chain of retail stores focused on ceramic and porcelain tiles, and associated products such as sanitary ware, showers and adhesives
o  Johnson Tiles South Africa - Manufacturer of ceramic and porcelain tiles
o  TAL - The leading manufacturer of ceramic and building adhesives
·     Norcros is headquartered in Wilmslow, Cheshire and employs around 2,100 people. The Company is listed on the London Stock Exchange. For further information please visit the Company website: http://www.norcros.com
 




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