Norcros PLC Directors' Dealings (4920F)
November 16 2020 - 11:17AM
UK Regulatory
TIDMNXR
RNS Number : 4920F
Norcros PLC
16 November 2020
Norcros plc ("Norcros" or "the Company")
Directors' Dealings - APSP and 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 and Shaun Smith, Chief Financial Officer, by way of the
exercise of nil-cost share options under the Company's Approved
Performance Share Plan (the "APSP") and Deferred Bonus Plan (the
"DBP") over ordinary shares of ten pence each in the Company
("Shares").
Name Total option Shares Total Shares used Net Shares retained
exercised to pay tax/NIC
on option exercises
Nick Kelsall 52,607 (APSP) 24,726 (APSP) 27,881
Nick Kelsall 68,920 (DBP) 32,393 (DBP) 36,527
Shaun Smith 35,333 (APSP) Nil* (APSP) 35,333
Shaun Smith 45,993 (DBP) Nil* (DBP) 45,993
--------------------- ---------------------- ----------------------
(*tax/NIC paid from own funds)
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 Shaun
Smith are interested before and after these share dealings are as
follows:
Name Number of Shares held Number of Shares held
(before) (after)
Nick Kelsall 1,600,000 1,664,408
Shaun Smith 143,165 224,491
---------------------- ----------------------
MAR Notification
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 Initial notification
/Amendment
-------------------------- ----------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------
a) Name Norcros plc
-------------------------- ----------------------------------------------
b) LEI 213800EIMJZZA1GBIE18
-------------------------- ----------------------------------------------
4 Details of the transaction(s): section to be repeated for (a)
A 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 Ordinary Share of 10 pence
financial instrument,
type of instrument
GB00BYYJL418
Identification code
-------------------------- ----------------------------------------------
b) Nature of the transaction Acquisition - exercise of nil cost options
under Approved Share Performance Plan (APSP)
and Deferred Bonus Plan (DBP)
-------------------------- ----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
0.00p 52,607 shares
(APSP)
0.00p 68,920 shares
(DBP)
---------------
-------------------------- ----------------------------------------------
d) Aggregated information
- Aggregated volume * 121,527
- Price
* Nil
-------------------------- ----------------------------------------------
e) Date of the transaction 16 November 2020
-------------------------- ----------------------------------------------
f) Place of the transaction Wilmslow, Cheshire, England
-------------------------- ----------------------------------------------
4 Details of the transaction(s): section to be repeated for (i)
B 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 Ordinary Share of 10 pence
financial instrument,
type of instrument
GB00BYYJL418
Identification code
-------------------------- ----------------------------------------------
b) Nature of the transaction Disposal of some of the shares acquired
under Approved Share Performance Plan (APSP)
and Deferred Bonus Plan (DBP) to settle
Tax & NIC
-------------------------- ----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
185.00p 24,726 shares
(APSP)
185.00p 32,393 shares
(DBP)
---------------
-------------------------- ----------------------------------------------
d) Aggregated information
- Aggregated volume * 57,119
- Price
* 185.00p per share
-------------------------- ----------------------------------------------
e) Date of the transaction 16 November 2020
-------------------------- ----------------------------------------------
f) Place of the transaction Wilmslow, Cheshire, England
-------------------------- ----------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Shaun Smith
-------------------------- ----------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------
a) Position/status Chief Financial Officer
-------------------------- ----------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- ----------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------
a) Name Norcros plc
-------------------------- ----------------------------------------------
b) LEI 213800EIMJZZA1GBIE18
-------------------------- ----------------------------------------------
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 Ordinary Share of 10 pence
financial instrument,
type of instrument
GB00BYYJL418
Identification code
-------------------------- ----------------------------------------------
b) Nature of the transaction Acquisition - exercise of nil cost options
under Approved Share Performance Plan (APSP)
and Deferred Bonus Plan (DBP)
-------------------------- ----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
0.00p 35,333 shares
(APSP)
0.00p 45,993 (DBP)
--------------
-------------------------- ----------------------------------------------
d) Aggregated information
- Aggregated volume * 81,326
- Price
* Nil
-------------------------- ----------------------------------------------
e) Date of the transaction 16 November 2020
-------------------------- ----------------------------------------------
f) Place of the transaction Wilmslow, Cheshire, England
-------------------------- ----------------------------------------------
Further enquiries:
Norcros plc Tel: 01625 547 700
Nick Kelsall, Chief Executive
Officer
Shaun Smith, Chief Financial
Officer
Hudson Sandler Tel: 0207 796 4133
Nick Lyon
Charlie Jack
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END
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