REG - Norcros PLC - Employee SAYE awards and director share dealing

NorcrosAnnouncement

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RNS Number : 3513M  Norcros PLC  19 December 2025

Norcros plc

("Norcros", the "Group" or "the Company")

19 December 2025

Employee SAYE awards and director share dealing

Norcros announces that the Company has today been notified of the following
share option grant to a Director of the Company under the Group's Save as You
Earn ("SAYE") scheme.  The SAYE scheme is approved in the UK by HM Revenue
and Customs and has an unapproved section for certain non-UK employees.

Pursuant to the SAYE scheme, certain employees have chosen to participate
resulting in them today being granted options to subscribe for up to 199,985
in aggregate ordinary shares of ten pence each in the capital of the Company
("SAYE Options") at a price of 258p per share.

Pursuant to these all-employee SAYE scheme awards, Thomas Willcocks, the
Company's Chief Executive Officer, has received 7,073 SAYE Options.

Subject to certain conditions being satisfied, the entitlement to subscribe
for shares resulting from the SAYE Options will arise in 2029 at the end of
the three-year SAYE scheme savings contract period.  Participants who choose
to exercise their entitlements pursuant to the rules of the SAYE scheme will
meet the obligation to pay for the resultant shares out of funds they have
paid into the SAYE scheme prior to such exercise.  Participants in the SAYE
scheme may opt to withdraw from the SAYE scheme, recovering paid-in funds,
prior to that time.

Further enquiries:

 Norcros plc                                Tel: 01625 547700
 Thomas Willcocks, Chief Executive Officer
 James Eyre, Chief Financial Officer

 Hudson Sandler (Norcros Financial PR)      Tel: 0207 796 4133
 Nick Lyon

 

Notes to Editors

Norcros is a market-leading group of brands specialising in design led,
sustainable bathroom and kitchen products across the UK, Ireland, Scandinavia,
South Africa, and select export markets. Each of our brands offers mid-premium
product ranges distinguished by their innovation, design, and commitment to
sustainability, all backed by industry leading service to our trade and retail
customers.

 

Through a strategic blend of acquisitions and organic growth, Norcros has
become the UK and Ireland's number one bathroom products group. We see
significant potential for further expansion within this large and fragmented
market, accelerating growth and capturing market share through continued
acquisitions, organic development, operational excellence, and meaningful ESG
capabilities.

 

Norcros encompasses the renowned brands: Triton, Merlyn, Grant Westfield,
Vado, Croydex, and Abode in the UK and Ireland, Fibo in Norway and Tile
Africa, TAL, and House of Plumbing in South Africa.

 

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: www.norcros.com
(http://www.norcros.com)

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