Norcros PLC Employee SAYE awards and director shareholding (3662Z)
December 14 2017 - 4:24AM
UK Regulatory
TIDMNXR
RNS Number : 3662Z
Norcros PLC
14 December 2017
Norcros plc
("Norcros", the "Group" or "the Company")
14 December 2017
Employee SAYE awards and director shareholding
Norcros announces that the Company has today been notified of
the following share option grant to a Director of the Company under
the Company's Save as You Earn ("SAYE") scheme. The SAYE scheme is
approved by HM Revenue and Customs.
Under the SAYE scheme, certain employees have chosen to
participate resulting in them today being granted options to
subscribe for in aggregate up to 345,599 ordinary shares of ten
pence each in the capital of the Company ("SAYE Options") at a
price of 159.6p per share.
Pursuant to this all-employee SAYE scheme award, Nick Kelsall,
the Group Chief Executive, has received 11,278 SAYE Options.
Subject to certain conditions being satisfied, the entitlement
to subscribe for shares resulting from the SAYE Options will arise
in 2021 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
Nick Kelsall, Group Chief Executive
Shaun Smith, Group Finance Director
Hudson Sandler
Tel: 0207 796 4133
Nick Lyon
Fern Duncan
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCZMMMZGDZGNZM
(END) Dow Jones Newswires
December 14, 2017 05:24 ET (10:24 GMT)
Norcros (LSE:NXR)
Historical Stock Chart
From Apr 2024 to May 2024
Norcros (LSE:NXR)
Historical Stock Chart
From May 2023 to May 2024