REG - Norcros PLC - Director Dealings - APSP Share Option Awards

NorcrosAnnouncement

24/07/2024 13:30

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RNS Number : 6960X  Norcros PLC  24 July 2024

Norcros plc ("Norcros" or "the Company")

Director Dealings - APSP Share Option Awards

 

Director/PDMR Shareholding

Norcros announces that the Board, following a recommendation from the
Remuneration Committee, has granted new share options to the following
Directors under the Company's Approved Performance Share Plan (the "APSP") on
24 July 2024.

The notification below, made in accordance with the requirements of the Market
Abuse Regulation ("MAR"), provides further details.

APSP Share Option Awards

The Company has today granted the following nil cost share option awards under
the APSP in respect of the current financial year (the "APSP Awards") to two
Executive Directors of the Company over ordinary shares of ten pence each in
the Company ("Ordinary Shares").

Under the APSP, awards are made subject to performance targets relating to
long-term growth in the Company's Earnings Per Share ("EPS").  Vesting of
these Ordinary Shares will be subject to achieving diluted EPS targets
measured over a three year performance period, starting with the 2025
financial year.

The APSP Awards will normally vest on the third anniversary of their grant,
subject to satisfactory achievement of the performance targets.  No
consideration was paid for the APSP Awards.

 Name                    Number of Ordinary Shares subject to the APSP Award
 Thomas Willcocks (CEO)  217,454
 James Eyre (CFO)        158,476

 

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                                                         Thomas Willcocks
 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                                                         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  Ordinary Share of 10 pence

      Identification code

                                                                   GB00BYYJL418

 b)   Nature of the transaction                                    Grant of 217,454 options under the Company's Approved Performance Share Plan

                                                            (the "APSP")

 c)   Price(s) and volume(s)

Price(s)  Volume(s)
                                                                   n/a       217,454

 d)   Aggregated information

      - Aggregated volume                                          n/a

      - Price                                                      n/a

 e)   Date of the transaction                                      24 July 2024

 f)   Place of the transaction                                     Wilmslow, Cheshire, England

d)

 

Aggregated information

- Aggregated volume

- Price

 

n/a

n/a

 

e)

 

Date of the transaction

 

24 July 2024

f)

 

Place of the transaction

 

Wilmslow, Cheshire, England

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         James Eyre
 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                                                         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  Ordinary Share of 10 pence

      Identification code

                                                                   GB00BYYJL418

 b)   Nature of the transaction                                    Grant of 158,476 options under the Company's Approved Performance Share Plan

                                                            (the "APSP")

 c)   Price(s) and volume(s)

Price(s)  Volume(s)
                                                                   n/a       158,476

 d)   Aggregated information

      - Aggregated volume                                          n/a

      - Price                                                      n/a

 e)   Date of the transaction                                      24 July 2024

 f)   Place of the transaction                                     Wilmslow, Cheshire, England

d)

 

Aggregated information

- Aggregated volume

- Price

 

n/a

n/a

 

e)

 

Date of the transaction

 

24 July 2024

f)

 

Place of the transaction

 

Wilmslow, Cheshire, England

 

Further enquiries:

 Norcros plc                                Tel: 01625 547 700
 Thomas Willcocks, Chief Executive Officer

 James Eyre, Chief Financial Officer

 Hudson Sandler                             Tel: 0207 796 4133
 Nick Lyon

 

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