Norcros PLC Directors' Dealings (6549T)
July 25 2022 - 8:23AM
UK Regulatory
TIDMNXR
RNS Number : 6549T
Norcros PLC
25 July 2022
Norcros plc ("Norcros" or "the Company")
Directors' Dealings - 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 by way of the exercise under the Deferred Bonus Plan (the
"DBP") of options over ordinary shares of ten pence each in the
Company ("Shares").
Name Total option Shares Total Shares Net Shares retained
exercised used to pay tax/NIC
on option exercises
Nick Kelsall 52,273 25,222 27,051
-------------------- --------------------- ----------------------
Nick Kelsall then transferred the 27,051 Shares retained to his
spouse, Mrs Susan Kelsall, for nil consideration.
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 is
interested before and after these share dealings are as
follows:
Name Number of Shares held Number of Shares held
(before) (after)
Nick Kelsall 1,697,594 1,724,645
---------------------- ----------------------
MAR Notifications
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 (i)
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 Deferred Bonus Plan (DBP)
-------------------------- -------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
0.00p 52,273 shares
--------------
-------------------------- -------------------------------------------
d) Aggregated information
- Aggregated volume * n/a
- Price
* n/a
-------------------------- -------------------------------------------
e) Date of the transaction 25 July 2022
-------------------------- -------------------------------------------
f) Place of the transaction Wilmslow, Cheshire, England
-------------------------- -------------------------------------------
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 (i)
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 Disposals of shares acquired under Deferred
Bonus Plan (DBP): (a) 25,222 shares sold
to discharge tax/NIC liability arising;
(b) transfer of 27,051 shares to person
closely connected (spouse - Susan Kelsall)
for nil consideration
-------------------------- --------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
225.00p 25,222 shares
0.00p 27,051 shares
---------------
-------------------------- --------------------------------------------
d) Aggregated information
- Aggregated volume * n/a
- Price
* n/a
-------------------------- --------------------------------------------
e) Date of the transaction 25 July 2022
-------------------------- --------------------------------------------
f) Place of the transaction Wilmslow, Cheshire, England
-------------------------- --------------------------------------------
Further enquiries:
Norcros plc Tel: 01625 547 700
Nick Kelsall, Chief Executive
Officer
James Eyre, Chief Financial
Officer
Hudson Sandler Tel: 0207 796 4133
Nick Lyon
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END
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