REG - Norcros PLC - Directors' Dealings

NorcrosAnnouncement

25/07/2022 14:30

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RNS Number : 6549T  Norcros PLC  25 July 2022

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

Directors' Dealings - DBP Share Option exercises

 

Share dealing Information

Norcros announces that the Company has today been notified of the following
share dealings by Nick Kelsall, Chief Executive Officer by way of the exercise
under the Deferred Bonus Plan (the "DBP") of options over ordinary shares of
ten pence each in the Company ("Shares").

 Name          Total option Shares exercised  Total Shares used to pay tax/NIC on option exercises  Net Shares retained
 Nick Kelsall  52,273                         25,222                                                27,051

 

Nick Kelsall then transferred the 27,051 Shares retained to his spouse, Mrs
Susan Kelsall, for nil consideration.

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

The aggregate numbers of Shares in which Nick Kelsall and is interested before
and after these share dealings are as follows:

 Name            Number of Shares held (before)   Number of Shares held (after)
 Nick Kelsall  1,697,594                          1,724,645

 

MAR Notifications

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                                                         Nick Kelsall
 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                                    Acquisition - exercise of nil cost options under Deferred Bonus Plan (DBP)

 c)   Price(s) and volume(s)

Price(s)  Volume(s)
                                                                   0.00p     52,273 shares

 d)   Aggregated information

      - Aggregated volume                                          -       n/a

      - Price                                                      -       n/a

 e)   Date of the transaction                                      25 July 2022

 f)   Place of the transaction                                     Wilmslow, Cheshire, England

d)

 

Aggregated information

- Aggregated volume

- Price

 

-       n/a

-       n/a

 

e)

 

Date of the transaction

 

25 July 2022

f)

 

Place of the transaction

 

Wilmslow, Cheshire, England

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Nick Kelsall
 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                                    Disposals of shares acquired under Deferred Bonus Plan (DBP): (a) 25,222

                                                            shares sold to discharge tax/NIC liability arising; (b) transfer of 27,051
                                                                   shares to person closely connected (spouse - Susan Kelsall) for nil
                                                                   consideration
 c)   Price(s) and volume(s)

Price(s)  Volume(s)
                                                                   225.00p   25,222 shares

                                                            0.00p     27,051 shares

 d)   Aggregated information

      - Aggregated volume                                          -       n/a

      - Price                                                      -       n/a

 e)   Date of the transaction                                      25 July 2022

 f)   Place of the transaction                                     Wilmslow, Cheshire, England

d)

 

Aggregated information

- Aggregated volume

- Price

 

-       n/a

-       n/a

 

e)

 

Date of the transaction

 

25 July 2022

f)

 

Place of the transaction

 

Wilmslow, Cheshire, England

 

 

Further enquiries:

 Norcros plc                            Tel: 01625 547 700
 Nick Kelsall, Chief Executive Officer

 James Eyre, Chief Financial Officer

 Hudson Sandler                         Tel: 0207 796 4133
 Nick Lyon

 

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