Norcros PLC Directors' Dealings (6549T)

TIDMNXR

RNS Number : 6549T

Norcros PLC

25 July 2022

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

Directors' Dealings - DBP Share Option exercises

Share dealing Information

Norcros announces that the Company has today been notified of the following share dealings by Nick Kelsall, Chief Executive Officer by way of the exercise under the Deferred Bonus Plan (the "DBP") of options over ordinary shares of ten pence each in the Company ("Shares").

 
 Name            Total option Shares   Total Shares             Net Shares retained 
                  exercised             used to pay tax/NIC 
                                        on option exercises 
 Nick Kelsall    52,273                25,222                   27,051 
                --------------------  ---------------------  ---------------------- 
 

Nick Kelsall then transferred the 27,051 Shares retained to his spouse, Mrs Susan Kelsall, for nil consideration.

The notifications 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 and is interested before and after these share dealings are as follows:

 
 Name            Number of Shares held   Number of Shares held 
                  (before)                (after) 
 Nick Kelsall    1,697,594               1,724,645 
                ----------------------  ---------------------- 
 

MAR Notifications

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             Chief Executive Officer 
     --------------------------  ------------------------------------------- 
 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 Deferred Bonus Plan (DBP) 
     --------------------------  ------------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)   Volume(s) 
                                     0.00p      52,273 shares 
                                               -------------- 
     --------------------------  ------------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume                *    n/a 
       - Price 
 
                                          *    n/a 
     --------------------------  ------------------------------------------- 
 e)   Date of the transaction     25 July 2022 
     --------------------------  ------------------------------------------- 
 f)   Place of the transaction    Wilmslow, Cheshire, England 
     --------------------------  ------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        Nick Kelsall 
     --------------------------  -------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------ 
 a)   Position/status             Chief Executive Officer 
     --------------------------  -------------------------------------------- 
 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   Disposals of shares acquired under Deferred 
                                   Bonus Plan (DBP): (a) 25,222 shares sold 
                                   to discharge tax/NIC liability arising; 
                                   (b) transfer of 27,051 shares to person 
                                   closely connected (spouse - Susan Kelsall) 
                                   for nil consideration 
     --------------------------  -------------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)   Volume(s) 
                                     225.00p    25,222 shares 
                                      0.00p      27,051 shares 
                                               --------------- 
     --------------------------  -------------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume                *    n/a 
       - Price 
 
                                          *    n/a 
     --------------------------  -------------------------------------------- 
 e)   Date of the transaction     25 July 2022 
     --------------------------  -------------------------------------------- 
 f)   Place of the transaction    Wilmslow, Cheshire, England 
     --------------------------  -------------------------------------------- 
 

Further enquiries:

 
 Norcros plc                     Tel: [phone] 
 Nick Kelsall, Chief Executive 
  Officer 
  James Eyre, Chief Financial 
  Officer 
 
 Hudson Sandler                  Tel: [phone] 
 Nick Lyon 
 

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END

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July 25, 2022 09:23 ET (13:23 GMT)