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ZTF Zotefoams Plc

365.00
-16.00 (-4.20%)
Last Updated: 09:28:40
Delayed by 15 minutes
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

Zotefoams PLC Director/PDMR Shareholding (5475B)

10/06/2021 4:41pm

UK Regulatory


Zotefoams (LSE:ZTF)
Historical Stock Chart


From Apr 2021 to Apr 2024

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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

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(END) Dow Jones Newswires

June 10, 2021 11:41 ET (15:41 GMT)

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