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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Norcros Plc | LSE:NXR | London | Ordinary Share | GB00BYYJL418 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.00 | 0.56% | 179.00 | 178.50 | 187.50 | 187.50 | 178.50 | 187.50 | 5,276 | 16:35:10 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Ceramic Wall And Floor Tile | 441M | 16.8M | 0.1882 | 9.48 | 159.35M |
TIDMNXR
RNS Number : 7998T
Norcros PLC
22 July 2015
Norcros plc
("Norcros" or "the Company")
Directors' Dealings - APSP Share Option and Deferred Share awards
APSP Share Option Awards
Norcros announces that the Remuneration Committee of the Company has today granted the following HMRC approved and unapproved share option awards in respect of the year ended 31 March 2015 (the "APSP Awards") to the Executive Directors of the Company under the Company's Approved Performance Share Plan (the "APSP") over ordinary shares of one pence each in the Company ("Ordinary Shares").
Name Number of Ordinary Option Exercise Shares subject to Price the APSP Award ------------- ----------------------- --------------- Nick Kelsall 139,534 (approved) 21.50 pence ------------- ----------------------- --------------- Nick Kelsall 1,449,768 (unapproved) Nil ------------- ----------------------- --------------- Martin Payne 139,534 (approved) 21.50 pence ------------- ----------------------- --------------- Martin Payne 927,907 (unapproved) Nil ------------- ----------------------- ---------------
Under the APSP, awards are made subject to performance targets relating to improvements in the Company's Earnings Per Share ("EPS"). Vesting of these shares is subject to achieving aggregate diluted EPS over a three year performance period.
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 and the consideration due to be payable on vesting will be the option exercise price (if any) shown above.
Bonus payment - Deferred Share Awards
Under the annual bonus scheme, 50 per cent. of an Executive Director's total bonus for the year is satisfied in cash, with the other 50 per cent. in the form of nil cost options under the Company's Deferred Share Bonus Plan (the "Deferred Plan"). These options represent 50 per cent. of the bonuses earned by the Executive Directors for the 2015 financial year.
Norcros therefore also announces that the Remuneration Committee has today granted the following nil cost share option awards in respect of the year ended 31 March 2015 (the "Deferred Awards") to the Executive Directors of the Company over ordinary shares of one pence each in the Company ("Ordinary Shares").
Name Number of Ordinary Shares subject to the Deferred Plan Award -------------- -------------------------- Nick Kelsall 539,348 -------------- -------------------------- Martin Payne 362,251 -------------- --------------------------
The Deferred Awards will normally vest on the third anniversary of their grant. Because these shares represent part of a bonus already earned, no consideration was paid for the Deferred Awards and no consideration is due to be payable on vesting.
Further enquiries:
Norcros plc Tel: 01625 547 700 Nick Kelsall, Group Chief Executive Martin Payne, Group Finance Director Hudson Sandler Tel: 0207 796 4133 Nick Lyon Charlie Jack Katie Matthews
This information is provided by RNS
The company news service from the London Stock Exchange
END
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