REG - Zotefoams PLC - Notification of Transactions of Directors/PDMRs

ZotefoamsAnnouncement

27/05/2026 16:15

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RNS Number : 9378F  Zotefoams PLC  27 May 2026

Zotefoams plc

 

NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PDMRs

 

27 May 2026 - Zotefoams plc (LSE: ZTF) announces that on 27 May 2026, the
Executive Directors and Persons Discharging Managerial Responsibilities (PDMR)
were granted the following share awards over the Company's Ordinary Shares of
5p each under the Zotefoams Long Term Incentive Plan 2017 ('LTIP').

 

Share awards

 

 Director     Ordinary LTIP Award  Maximum additional shares (multiplier)  Maximum total shares
 Ronan Cox    171,159              171,159                                 342,318
 Nick Wright  115,800              92,640                                  208,440

 

Awards under the LTIP were also granted to certain senior management over
236,006 number of shares.

 

Each award comprises:

 

 ·   an "ordinary LTIP award"; and
 ·   a "multiplier" element, which provides for additional shares to vest subject
     to the achievement of higher levels of performance.

 

The awards are subject to performance conditions measured over a three-year
performance period from 1 January 2026 to 31 December 2028. Performance will
be assessed against a combination of financial and market-based metrics,
together with an ESG measure. In summary, the vesting of the ordinary LTIP
awards is subject to:

 

 ·   earnings per share growth;
 ·   return on average capital employed;
 ·   relative total shareholder return against the FTSE Small Cap Index (excluding
     investment trusts); and
 ·   an ESG performance condition linked to revenues derived from products
     containing recycled polymer content.

 

The multiplier element is conditional on both the level of vesting of the
ordinary LTIP award and the Company's absolute total shareholder return over
the performance period.

 

Following the end of the performance period, the Remuneration Committee will
determine the extent to which the performance conditions have been satisfied.
Awards will normally vest shortly thereafter, subject to continued employment
and the rules of the LTIP. The awards are subject to a further two-year
holding period following vesting.  Further details of the LTIP are set out in
the Company's Directors' Remuneration Report & Policy.

 

The number of shares subject to the awards has been calculated using a share
price of £4.022 per share, being the 3-day average share price leading up to
the date of grant.

 

The Notification of Dealing Form for each Director/PDMR can be found below.

 

This announcement is made in accordance with the requirements of Article 19 of
the UK Market Abuse Regulation.

 

Emma Woollard

Group General Counsel and Company Secretary

Zotefoams plc

07526567602

 

Enquiries:

 

 Zotefoams plc                             +44 (0) 208 664 1600
 Ronan Cox, Group CEO
 Nick Wright, Group CFO

 IFC Advisory (Financial PR & IR)          +44 (0) 203 934 6630
 Graham Herring

About Zotefoams plc

 

Zotefoams plc (LSE - ZTF) is a world leader in high-performance foam
technology delivering optimal material solutions for the benefit of society.
Utilising a variety of unique manufacturing processes, including
environmentally friendly nitrogen expansion for lightweight
AZOTE(®) polyolefin and ZOTEK(®) high-performance foams, Zotefoams sells
to diverse markets worldwide. Zotefoams uses its own cellular materials to
manufacture T-FIT(®) advanced insulation for demanding industrial markets.

 Zotefoams is headquartered in London, UK, with manufacturing sites
in Croydon, UK, Kentucky, USA and Brzeg, Poland (foam
manufacture), Oklahoma, USA (foam products manufacture and conversion),
Anglesola and Burgos, Spain (foam manufacture) and Jiangsu
Province, China (T-FIT).

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

 

AZOTE(®), ZOTEK(®), and T-FIT(®) are registered trademarks of Zotefoams
plc

 

DEALING NOTIFICATION FORM

FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY
ASSOCIATED PERSONS

 

 

 1.  Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name: Ronan Michael Cox
 2.  Reason for the notification
 a)  Position/status: Group CEO
 b)  Initial notification/Amendment: Initial notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name:   Zotefoams plc
 b)  LEI: 213800B6P256B5XN8D32
 4.  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 shares of 5 pence each

     Identification code: GB0009896605
 b)  Nature of the transaction: Award of performance shares under the 2017
     Long-Term Incentive Plan with a holding period of 2 years post vesting date
 c)  Price(s) and volume(s):

Price(s)  Volume(s)
     £0.00     Ordinary LTIP: 171,159
     £0.00     Multiplier: 171,159
 d)  Aggregated information:

     n/a - single transaction
 e)  Date of the transaction: 27 May 2026
 f)  Place of the transaction: Off market

d)

Aggregated information:

n/a - single transaction

e)

Date of the transaction: 27 May 2026

f)

Place of the transaction: Off market

 

 

 1.  Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name: Nick Wright
 2.  Reason for the notification
 a)  Position/status: Group CFO
 b)  Initial notification/Amendment: Initial notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name:   Zotefoams plc
 b)  LEI: 213800B6P256B5XN8D32
 4.  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 shares of 5 pence each

     Identification code: GB0009896605
 b)  Nature of the transaction: Award of performance shares under the 2017
     Long-Term Incentive Plan with a holding period of 2 years post vesting date
 c)  Price(s) and volume(s):

Price(s)  Volume(s)
     £0.00     Ordinary LTIP: 115,800
     £0.00     Multiplier: 92,640
 d)  Aggregated information:

     n/a - single transaction
 e)  Date of the transaction: 27 May 2026
 f)  Place of the transaction: Off market

d)

Aggregated information:

n/a - single transaction

e)

Date of the transaction: 27 May 2026

f)

Place of the transaction: Off market

 

 

 

 

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