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NXR Norcros Plc

211.00
-1.00 (-0.47%)
Last Updated: 13:13:31
Delayed by 15 minutes
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 -0.47% 211.00 208.00 212.00 213.00 202.00 208.00 105,006 13:13:31
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Ceramic Wall And Floor Tile 441M 16.8M 0.1882 11.05 185.69M

Norcros PLC Employee SAYE awards and director shareholding (8885W)

13/12/2019 4:23pm

UK Regulatory


Norcros (LSE:NXR)
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TIDMNXR

RNS Number : 8885W

Norcros PLC

13 December 2019

Norcros plc

("Norcros", the "Group" or "the Company")

13 December 2019

Employee SAYE awards and director shareholding

Norcros announces that the Company has today been notified of the following share option grant to a Director of the Company under the Company's Save as You Earn ("SAYE") scheme. The SAYE scheme is approved by HM Revenue and Customs.

Under the SAYE scheme, certain employees have chosen to participate resulting in them today being granted options to subscribe for up to 306,649 in aggregate ordinary shares of ten pence each in the capital of the Company ("SAYE Options") at a price of 207.5p per share.

Pursuant to this all-employee SAYE scheme award, Shaun Smith, the Group Finance Director, has received 8,674 SAYE Options.

Subject to certain conditions being satisfied, the entitlement to subscribe for shares resulting from the SAYE Options will arise in 2023 at the end of the three-year SAYE scheme savings contract period. Participants who choose to exercise their entitlements pursuant to the rules of the SAYE scheme will meet the obligation to pay for the resultant shares out of funds they have paid into the SAYE scheme prior to such exercise. Participants in the SAYE scheme may opt to withdraw from the SAYE scheme, recovering paid-in funds, prior to that time.

Further enquiries:

Norcros plc

Tel: 01625 547700

Nick Kelsall, Group Chief Executive

Shaun Smith, Group Finance Director

Hudson Sandler

Tel: 0207 796 4133

Nick Lyon

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

December 13, 2019 11:23 ET (16:23 GMT)

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