REG - Zotefoams PLC - Director/PDMR Shareholding <Origin Href="QuoteRef">ZTF.L</Origin>

ZotefoamsAnnouncement

24/03/2016 13:38

RNS Number : 1076T
Zotefoams PLC
23 March 2016
Zotefoams plc (the 'Company')
Directors' Shareholdings
On 19 March 2016, 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') and 2012 Deferred Bonus Share Plan ('DBSP').
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 2013 was 50.0%, which was then increased to reflect the dividends paid during the performance period.
Awards granted under the DBSP vest three years after being granted subject to the satisfaction of service conditions. The awards were increased to reflect the dividends paid during the restricted period.
Director
No. of LTIP Shares released to Director
No. of DBSP Shares released to Director
No. of 
Shares 
sold for cash and tax liability
No. of Shares sold to meet tax liability
only
Sale price ()
Balance of Shares retained by Director
DB Stirling
25,304
22,197

22,371
2.711511
25,130
CG Hurst 
17,574
15,416
All sold

2.711511
nil
Following the above-mentioned transactions, which took place on 21 and 22 March 2016, 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
379,289
0.85
CG Hurst
343,898
0.77
Enquiries:
Sara Hollowell
Interim Company Secretary
Zotefoams plc
23 March 2016

This information is provided by RNS
The company news service from the London Stock Exchange
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