Norcros PLC Directors' Dealings (5027V)

TIDMNXR

RNS Number : 5027V

Norcros PLC

23 July 2018

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

Directors' Dealings - APSP and DBP Share Option exercises

Share dealing 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").

 
 Name             Total option Shares    Total Shares used         Net Shares retained 
                   exercised              to pay tax/NIC 
                                          on option exercises 
 Nick Kelsall     158,929 (APSP)         74,697 (APSP)             84,232 
  Nick Kelsall      53,934 (DBP)          25,349 (DBP)              28,585 
                 ---------------------  ----------------------  ---------------------- 
 

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   Number of Shares held 
                  (before)                (after) 
 Nick Kelsall    1,162,783               1,275,600 
                ----------------------  ---------------------- 
 

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        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 Approved Share Performance Plan (APSP) 
                                    and Deferred Bonus Plan (DBP) 
      --------------------------  ---------------------------------------------- 
 c)    Price(s) and volume(s)        Price(s)   Volume(s) 
                                      0.00p      158,929 shares 
                                                  (APSP) 
                                       0.00p      52,934 shares 
                                                   (DBP) 
                                                --------------- 
      --------------------------  ---------------------------------------------- 
 d)    Aggregated information 
        - Aggregated volume                *    212,863 
        - Price 
 
                                           *    Nil 
      --------------------------  ---------------------------------------------- 
 e)    Date of the transaction     23 July 2018 
      --------------------------  ---------------------------------------------- 
 f)    Place of the transaction    Wilmslow, Cheshire, England 
      --------------------------  ---------------------------------------------- 
  4    Details of the transaction(s): section to be repeated for (i) 
   B    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   Disposal of shares acquired under Approved 
                                    Share Performance Plan (APSP) and Deferred 
                                    Bonus Plan (DBP) 
      --------------------------  ---------------------------------------------- 
 c)    Price(s) and volume(s)        Price(s)   Volume(s) 
                                      212p       74,697 shares 
                                                  (APSP) 
                                       212p       25,349 shares 
                                                   (DBP) 
                                                --------------- 
      --------------------------  ---------------------------------------------- 
 d)    Aggregated information 
        - Aggregated volume                *    100,046 
        - Price 
 
                                           *    212p 
      --------------------------  ---------------------------------------------- 
 e)    Date of the transaction     23 July 2018 
      --------------------------  ---------------------------------------------- 
 f)    Place of the transaction    Wilmslow, Cheshire, England 
      --------------------------  ---------------------------------------------- 
 

Further enquiries:

 
 Norcros plc                   Tel: [phone] 
 Nick Kelsall, Group Chief 
  Executive 
  Shaun Smith, Group Finance 
  Director 
 
 Hudson Sandler                Tel: [phone] 
 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 [e-mail] or visit www.rns.com.

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July 23, 2018 12:34 ET (16:34 GMT)