Source - RNS
RNS Number : 1028L
Norcros PLC
28 September 2016
 

Norcros plc ("Norcros" or "the Company")

Directors' Dealings - APSP and DBP Share Option exercises and subsequent share sale

Sharedealing Information

Norcros announces that the Company has today been notified of the following sharedealings by Nick Kelsall, Group Chief Executive of the Company, 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"), and the subsequent sale of those Shares.

The notification 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 is interested before and after these sharedealings are as follows:

Name

  Number of Shares held (before)

Number of Shares held (after)

Nick Kelsall

  795,424

795,424

 

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

Group Chief Executive

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

 

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

0.00p

133,088 shares (APSP)

30,632 shares (DBP)

d)

 

Aggregated information

- Aggregated volume

- Price

 

-       163,720

-       Nil

 

e)

 

Date of the transaction

 

27 September 2016

f)

 

Place of the transaction

 

Wilmslow, Cheshire, England

 

4 B

 

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

 

Sale

c)

 

Price(s) and volume(s)

 

 

 

 

 

Price(s)

Volume(s)

154.50p

163,720 shares

 

d)

 

Aggregated information

- Aggregated volume

- Price

n/a

 

e)

 

Date of the transaction

 

27 September 2016

f)

 

Place of the transaction

 

London Stock Exchange

 

Further enquiries:

Norcros plc

Tel: 01625 547 700

Nick Kelsall, Group Chief Executive

Shaun Smith, Group Finance Director




Hudson Sandler

Tel: 0207 796 4133

Nick Lyon


Charlie Jack


 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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