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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Zotefoams Plc | LSE:ZTF | London | Ordinary Share | GB0009896605 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-16.00 | -4.20% | 365.00 | 365.00 | 380.00 | 365.00 | 365.00 | 365.00 | 6,041 | 09:28:40 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Plastics Foam Products | 126.98M | 9.24M | 0.1892 | 19.29 | 178.29M |
TIDMZTF
RNS Number : 5475B
Zotefoams PLC
10 June 2021
Zotefoams plc
(the 'Company')
NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PDMRs
10 June 2021 - On 8 June 2021, the Company received notice from its Employee Benefit Trust of the exercise of nil cost options granted over ordinary shares of 5 pence each ('Shares') under the Company's Long-Term Incentive Plan ('LTIP') and Deferred Bonus Share Plan ('DBSP') at a sale price of GBP4.77 as follows:
DIRECTORS Award Number of Number of Number of Aggregate shares exercised shares retained shares sold number for tax of shares held ----------- ------------------ ----------------- ------------- ----------- D B Stirling DBSP 2020 36,018 Nil Nil 449,162 ----------- ------------------ ----------------- ------------- ----------- DBSP 2017 6,893 Nil Nil ----------- ------------------ ----------------- ------------- ----------- LTIP 2017 37,978 Nil Nil ----------- ------------------ ----------------- ------------- LTIP 2018 5,425 Nil Nil ----------- ------------------ ----------------- ------------- ----------- G C McGrath DBSP 2017 4,576 2,420 2,156 60,644 ----------- ------------------ ----------------- ------------- ----------- LTIP 2017 24,921 13,183 11,738 -------------------------- ------------------ ----------------- ------------- ----------- LTIP 2018 3,656 1,934 1,722 -------------------------- ------------------ ----------------- ------------- ----------- PDMRs Award Number of Number of Number of shares shares exercised shares retained sold for tax ----------- ------------------ ----------------- ----------------- K D Hewson DBSP 2017 3,598 1,903 1,695 ----------- ------------------ ----------------- ----------------- LTIP 2017 27,788 14,701 13,087 -------------------------- ------------------ ----------------- ----------------- LTIP 2018 5,361 2,835 2,526 -------------------------- ------------------ ----------------- ----------------- H D Morgan DBSP 2017 1,975 1,044 931 ----------- ------------------ ----------------- ----------------- LTIP 2017 16,321 8,634 7,687 -------------------------- ------------------ ----------------- ----------------- LTIP 2018 4,932 2,609 2,323 -------------------------- ------------------ ----------------- ----------------- D B Catalano LTIP 2017 27,335 Nil Nil ----------- ------------------ ----------------- ----------------- LTIP 2018 8,287 Nil Nil -------------------------- ------------------ ----------------- -----------------
Awards granted under the LTIP vest subject to the satisfaction of performance targets over the three-year performance period. The final decision on the timing of vesting of the LTIP 2017 award was deferred for a period of up to one year. Following due consideration by the Committee, including taking into account the stability of the Group following the impact of COVID-19, the Remuneration Committee agreed that it would be appropriate to release the award in line with the formulaic outcome on 1 June 2021.
Awards granted under the DBSP usually vest three years from grant, subject to satisfaction of service conditions. However, given the unprecedented circumstances brought about by COVID-19, and the decision of the Board not to recommend a final dividend for the year ended 31 December 2019, the proportion of the bonus that would normally have been paid in cash under the DBSP 2020 Award was deferred into shares (the 'Deferred Bonus proportion'). The Remuneration Committee has now approved the exercise of the Deferred Bonus proportion taking place prior to 20 April 2023. The proportion of the bonus that would normally be deferred into shares (25%) will continue as normal and will be released after three years.
All awards were increased to reflect the dividends paid during the restricted period.
The Notification of Dealing Form can be found below.
This announcement is made in accordance with the requirements of Article 19 of the UK Market Abuse Regulation 596/2014.
Lydia Harratt
Group Company Secretary
Zotefoams plc
020 8664 1600
About Zotefoams plc
Zotefoams plc (LSE - ZTF) is a world leader in cellular materials technology delivering optimal material solutions for the benefit of society. Utilising a variety of unique manufacturing processes, including environmentally friendly nitrogen expansion for lightweight AZOTE(R) polyolefin and ZOTEK(R) high-performance foams, Zotefoams sells to diverse markets worldwide. Zotefoams uses its own cellular materials to manufacture T-FIT(R) advanced insulation for demanding industrial markets. Zotefoams also owns and licenses patented microcellular foam technology to reduce plastic use in extrusion applications and for ReZorce(R) mono-material recyclable barrier packaging.
Zotefoams is headquartered in Croydon, UK, with additional manufacturing sites in Kentucky, USA and Brzeg, Poland (foam manufacture), Oklahoma, USA (foam products manufacture and conversion), Massachusetts, USA (MuCell Extrusion) and Jiangsu Province, China (T-FIT).
www.zotefoams.com
AZOTE(R) , ZOTEK(R) , ReZorce(R) and T-FIT(R) are registered trademarks of Zotefoams plc.
ZOTEFOAMS PLC
DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS
1. Details of the person discharging managerial responsibilities/person closely associated a) Name: David Burns Stirling --------------------------------------------------------------------- 2. Reason for the notification --------------------------------------------------------------------- a) Position/status: Group CEO --------------------------------------------------------------------- b) Initial notification/Amendment: Initial notification --------------------------------------------------------------------- 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor --------------------------------------------------------------------- a) Name: Zotefoams plc --------------------------------------------------------------------- b) LEI: 213800B6P256B5XN8D32 --------------------------------------------------------------------- 4. 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: Ordinary shares of 5 pence each Identification code: GB0009896605 --------------------------------------------------------------------- b) Nature of the transaction: Exercise and sale of shares under the Long-Term Incentive Plan and the Deferred Bonus Share Plan --------------------------------------------------------------------- c) Price(s) and volume(s): Volume Price 86,314 GBP4.77 -------- --------------------------------------------------------------------- d) Aggregated information: Aggregate Price Aggregate Volume Aggregate Total GBP4.77 86,314 GBP411,717.78 ----------------- ---------------- --------------------------------------------------------------------- e) Date of the transaction: 8 June 2021 --------------------------------------------------------------------- f) Place of the transaction: XLON --------------------------------------------------------------------- 1. Details of the person discharging managerial responsibilities/person closely associated a) Name: Gary Christopher McGrath --------------------------------------------------------------------- 2. Reason for the notification --------------------------------------------------------------------- a) Position/status: Group CFO --------------------------------------------------------------------- b) Initial notification/Amendment: Initial notification --------------------------------------------------------------------- 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor --------------------------------------------------------------------- a) Name: Zotefoams plc --------------------------------------------------------------------- b) LEI: 213800B6P256B5XN8D32 --------------------------------------------------------------------- 4. 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: Ordinary shares of 5 pence each Identification code: GB0009896605 --------------------------------------------------------------------- b) Nature of the transaction: Exercise and sale of shares for tax under the Long-Term Incentive Plan and the Deferred Bonus Share Plan --------------------------------------------------------------------- c) Price(s) and volume(s): Volume Price 15,616 GBP4.77 -------- --------------------------------------------------------------------- d) Aggregated information: Aggregate Price Aggregate Volume Aggregate Total GBP4.77 15,616 GBP74,488.32 ----------------- ---------------- --------------------------------------------------------------------- e) Date of the transaction: 8 June 2021 --------------------------------------------------------------------- f) Place of the transaction: XLON --------------------------------------------------------------------- 4. 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: Ordinary shares of 5 pence each Identification code: GB0009896605 --------------------------------------------------------------------- b) Nature of the transaction: Exercise and retention of shares under the Long-Term Incentive Plan and the Deferred Bonus Share Plan --------------------------------------------------------------------- c) Price(s) and volume(s): Volume Price 17,537 GBP4.77 -------- --------------------------------------------------------------------- d) Aggregated information: Aggregate Price Aggregate Volume Aggregate Total GBP4.77 17,537 GBP83,651.49 ----------------- ---------------- --------------------------------------------------------------------- e) Date of the transaction: 8 June 2021 --------------------------------------------------------------------- f) Place of the transaction: XLON --------------------------------------------------------------------- 1. Details of the person discharging managerial responsibilities/person closely associated a) Name: Karl David Hewson --------------------------------------------------------------------- 2. Reason for the notification --------------------------------------------------------------------- a) Position/status: Senior Executive --------------------------------------------------------------------- b) Initial notification/Amendment: Initial notification --------------------------------------------------------------------- 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor --------------------------------------------------------------------- a) Name: Zotefoams plc --------------------------------------------------------------------- b) LEI: 213800B6P256B5XN8D32 --------------------------------------------------------------------- 4. 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: Ordinary shares of 5 pence each Identification code: GB0009896605 --------------------------------------------------------------------- b) Nature of the transaction: Exercise and sale of shares for tax under the Long-Term Incentive Plan and the Deferred Bonus Share Plan --------------------------------------------------------------------- c) Price(s) and volume(s): Volume Price 17,308 GBP4.77 -------- --------------------------------------------------------------------- d) Aggregated information: Aggregate Price Aggregate Volume Aggregate Total GBP4.77 17,308 GBP82,559.16 ----------------- ---------------- --------------------------------------------------------------------- e) Date of the transaction: 8 June 2021 --------------------------------------------------------------------- f) Place of the transaction: XLON --------------------------------------------------------------------- 4. 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: Ordinary shares of 5 pence each Identification code: GB0009896605 --------------------------------------------------------------------- b) Nature of the transaction: Exercise and retention of shares under the Long-Term Incentive Plan and the Deferred Bonus Share Plan --------------------------------------------------------------------- c) Price(s) and volume(s): Volume Price 19,439 GBP4.77 -------- --------------------------------------------------------------------- d) Aggregated information: Aggregate Price Aggregate Volume Aggregate Total GBP4.77 19,439 GBP92,724.03 ----------------- ---------------- --------------------------------------------------------------------- e) Date of the transaction: 8 June 2021 --------------------------------------------------------------------- f) Place of the transaction: XLON --------------------------------------------------------------------- 1. Details of the person discharging managerial responsibilities/person closely associated a) Name: Hugh De Riemer Morgan --------------------------------------------------------------------- 2. Reason for the notification --------------------------------------------------------------------- a) Position/status: Senior Executive --------------------------------------------------------------------- b) Initial notification/Amendment: Initial notification --------------------------------------------------------------------- 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor --------------------------------------------------------------------- a) Name: Zotefoams plc --------------------------------------------------------------------- b) LEI: 213800B6P256B5XN8D32 --------------------------------------------------------------------- 4. 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: Ordinary shares of 5 pence each Identification code: GB0009896605 --------------------------------------------------------------------- b) Nature of the transaction: Exercise and sale of shares for tax under the Long-Term Incentive Plan and the Deferred Bonus Share Plan --------------------------------------------------------------------- c) Price(s) and volume(s): Volume Price 10,941 GBP4.77 -------- --------------------------------------------------------------------- d) Aggregated information: Aggregate Price Aggregate Volume Aggregate Total GBP4.77 10,941 GBP52,188.57 ----------------- ---------------- --------------------------------------------------------------------- e) Date of the transaction: 8 June 2021 --------------------------------------------------------------------- f) Place of the transaction: XLON --------------------------------------------------------------------- 4. 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: Ordinary shares of 5 pence each Identification code: GB0009896605 --------------------------------------------------------------------- b) Nature of the transaction: Exercise and retention of shares under the Long-Term Incentive Plan and the Deferred Bonus Share Plan --------------------------------------------------------------------- c) Price(s) and volume(s): Volume Price 12,287 GBP4.77 -------- --------------------------------------------------------------------- d) Aggregated information:
Aggregate Price Aggregate Volume Aggregate Total GBP4.77 12,287 GBP58,608.99 ----------------- ---------------- --------------------------------------------------------------------- e) Date of the transaction: 8 June 2021 --------------------------------------------------------------------- f) Place of the transaction: XLON --------------------------------------------------------------------- 1. Details of the person discharging managerial responsibilities/person closely associated a) Name: Daniel Bryan Catalano --------------------------------------------------------------------- 2. Reason for the notification --------------------------------------------------------------------- a) Position/status: Senior Executive --------------------------------------------------------------------- b) Initial notification/Amendment: Initial notification --------------------------------------------------------------------- 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor --------------------------------------------------------------------- a) Name: Zotefoams plc --------------------------------------------------------------------- b) LEI: 213800B6P256B5XN8D32 --------------------------------------------------------------------- 4. 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: Ordinary shares of 5 pence each Identification code: GB0009896605 --------------------------------------------------------------------- b) Nature of the transaction: Exercise and sale of shares under the Long-Term Incentive Plan and the Deferred Bonus Share Plan --------------------------------------------------------------------- c) Price(s) and volume(s): Volume Price 35,622 GBP4.77 -------- --------------------------------------------------------------------- d) Aggregated information: Aggregate Price Aggregate Volume Aggregate Total GBP4.77 35,622 GBP169,916.94 ----------------- ---------------- --------------------------------------------------------------------- e) Date of the transaction: 8 June 2021 --------------------------------------------------------------------- f) Place of the transaction: XLON ---------------------------------------------------------------------
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END
DSHEASKEFDNFEFA
(END) Dow Jones Newswires
June 10, 2021 11:41 ET (15:41 GMT)
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