Norcros PLC Director Dealings - APSP Share Option Awards
July 24 2024 - 7:24AM
RNS Regulatory News
RNS Number : 6960X
Norcros PLC
24 July 2024
Norcros plc ("Norcros" or "the Company")
Director Dealings - APSP Share
Option Awards
Director/PDMR
Shareholding
Norcros announces that the Board,
following a recommendation from the Remuneration Committee, has
granted new share options to the following Directors under the
Company's Approved Performance Share Plan (the "APSP") on 24 July
2024.
The notification below, made in
accordance with the requirements of the Market Abuse Regulation
("MAR"), provides further details.
APSP Share Option Awards
The Company has today granted the
following nil cost share option awards under the APSP in respect of
the current financial year (the "APSP Awards") to two Executive
Directors of the Company over ordinary shares of ten pence each in
the Company ("Ordinary Shares").
Under the APSP, awards are made
subject to performance targets relating to long-term growth in the
Company's Earnings Per Share ("EPS"). Vesting of these
Ordinary Shares will be subject to achieving diluted EPS targets
measured over a three year performance period, starting with the
2025 financial year.
The APSP Awards will normally vest
on the third anniversary of their grant, subject to satisfactory
achievement of the performance targets. No consideration was
paid for the APSP Awards.
|
Name
|
Number of Ordinary Shares subject to the APSP
Award
|
|
Thomas Willcocks (CEO)
|
217,454
|
|
James Eyre (CFO)
|
158,476
|
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
|
Thomas Willcocks
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Chief Executive Officer
|
|
b)
|
Initial notification
/Amendment
|
Initial notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Norcros plc
|
|
b)
|
LEI
|
213800EIMJZZA1GBIE18
|
|
4
A
|
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
Identification code
|
Ordinary Share of 10 pence
GB00BYYJL418
|
|
b)
|
Nature of the transaction
|
Grant of 217,454 options under the
Company's Approved Performance Share Plan (the "APSP")
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
n/a
|
217,454
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
n/a
n/a
|
|
e)
|
Date of the transaction
|
24 July 2024
|
|
f)
|
Place of the transaction
|
Wilmslow, Cheshire,
England
|
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
James Eyre
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Chief Financial Officer
|
|
b)
|
Initial notification
/Amendment
|
Initial notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Norcros plc
|
|
b)
|
LEI
|
213800EIMJZZA1GBIE18
|
|
4
A
|
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
Identification code
|
Ordinary Share of 10 pence
GB00BYYJL418
|
|
b)
|
Nature of the transaction
|
Grant of 158,476 options under the
Company's Approved Performance Share Plan (the "APSP")
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
n/a
|
158,476
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
n/a
n/a
|
|
e)
|
Date of the transaction
|
24 July 2024
|
|
f)
|
Place of the transaction
|
Wilmslow, Cheshire,
England
|
Further enquiries:
|
Norcros plc
|
Tel: 01625 547 700
|
|
Thomas Willcocks, Chief Executive
Officer
James Eyre, Chief Financial
Officer
|
|
|
|
|
|
Hudson Sandler
|
Tel: 0207 796 4133
|
|
Nick Lyon
|
|
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