Zotefoams plc
(the 'Company')
NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PDMRs
10 May 2024 - On 8 May 2024 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 the Company's Deferred Bonus Share Plan ('DBSP') as follows:
| Directors | ||||||||
| | Award | Number of shares exercised | Number of shares retained | Number of shares sold for tax | Share price £ | |||
| D B Stirling | DBSP 2020 | 3,896 | 2,061 | 1,835 | 4.32 | |||
| G C McGrath | DBSP 2020 | 3,499 | 1,850 | 1,649 | 4.32 | |||
| Person Discharging Managerial Responsibilities (PDMRs) | ||||||||
| | Award | Number of shares exercised | Number of shares retained | Number of shares sold for tax | Share price £ | |||
| K D Hewson | LTIP 2021 | 22,591 | 0 | 0 | 4.32 | |||
| DBSP 2020 | 2,001 | 0 | 0 | 4.32 | ||||
| H D Morgan | LTIP 2021 | 20,784 | 10,995 | 9,789 | 4.32 | |||
| DBSP 2020 | 1,408 | 744 | 664 | 4.32 | ||||
| B Sala | LTIP 2021 | 13,223 | 6,995 | 6,228 | 4.32 | |||
| DBSP 2020 | 1,744 | 922 | 822 | 4.32 | ||||
Awards granted under the LTIP vest subject to the satisfaction of performance targets over the three-year performance period.
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.
Lydia Harratt
Group Company Secretary
Zotefoams plc
020 8664 1600
Enquiries:
|
Zotefoams plc | +44 (0) 208 664 1600 |
| David Stirling, Group CEO | |
| Gary McGrath, Group CFO | |
| | |
| IFC Advisory | +44 (0) 203 934 6630 |
| Graham Herring Tim Metcalfe Zach Cohen | |
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® polyolefin and ZOTEK® high-performance foams, Zotefoams sells to diverse markets worldwide. Zotefoams uses its own cellular materials to manufacture T-FIT® 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® mono-material recyclable barrier packaging.
Zotefoams is headquartered in Croydon, UK, with additional manufacturing sites in Kentucky, USA, Brzeg, Poland (foam manufacture), Oklahoma, USA (foam products manufacture and conversion), Massachusetts, USA, Stilling, Denmark (microcellular foam technology) and Jiangsu Province, China (T-FIT).
AZOTE®, ZOTEK®, ReZorce® and T-FIT® 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 for tax under the Deferred Bonus Share Plan | ||||
| c) | Price(s) and volume(s):
| ||||
| d) | Aggregated information: n/a | ||||
| e) | Date of the transaction: 8 May 2024 | ||||
| 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 Deferred Bonus Share Plan | ||||
| c) | Price(s) and volume(s):
| ||||
| d) | Aggregated information: n/a | ||||
| e) | Date of the transaction: 8 May 2024 | ||||
| f) | Place of the transaction: XLON |
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: 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 Deferred Bonus Share Plan | ||||
| c) | Price(s) and volume(s):
| ||||
| d) | Aggregated information: n/a | ||||
| e) | Date of the transaction: 8 May 2024 | ||||
| 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 Deferred Bonus Share Plan | ||||
| c) | Price(s) and volume(s):
| ||||
| d) | Aggregated information: n/a | ||||
| e) | Date of the transaction: 8 May 2024 | ||||
| f) | Place of the transaction: XLON |
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: 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 under the Long-Term Incentive Plan | ||||
| c) | Price(s) and volume(s):
| ||||
| d) | Aggregated information: n/a | ||||
| e) | Date of the transaction: 8 May 2024 | ||||
| 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 sale of shares under the Deferred Bous Share Plan | ||||
| c) | Price(s) and volume(s):
| ||||
| d) | Aggregated information: n/a | ||||
| e) | Date of the transaction: 8 May 2024 | ||||
| f) | Place of the transaction: XLON |
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: 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 | ||||
| c) | Price(s) and volume(s):
| ||||
| d) | Aggregated information: n/a
| ||||
| e) | Date of the transaction: 8 May 2024 | ||||
| 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 | ||||
| c) | Price(s) and volume(s):
| ||||
| d) | Aggregated information: n/a | ||||
| e) | Date of the transaction: 8 May 2024 | ||||
| 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 sale of shares for tax under the Deferred Bonus Share Plan | ||||
| c) | Price(s) and volume(s):
| ||||
| d) | Aggregated information: n/a
| ||||
| e) | Date of the transaction: 8 May 2024 | ||||
| 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 Deferred Bonus Share Plan | ||||
| c) | Price(s) and volume(s):
| ||||
| d) | Aggregated information: n/a | ||||
| e) | Date of the transaction: 8 May 2024 | ||||
| f) | Place of the transaction: XLON |
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: Benito Sala | ||||
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 | ||||
| c) | Price(s) and volume(s):
| ||||
| d) | Aggregated information: n/a | ||||
| e) | Date of the transaction: 8 May 2024 | ||||
| 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 | ||||
| c) | Price(s) and volume(s):
| ||||
| d) | Aggregated information: n/a | ||||
| e) | Date of the transaction: 8 May 2024 | ||||
| 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 sale of shares for tax under the Deferred Bonus Share Plan | ||||
| c) | Price(s) and volume(s):
| ||||
| d) | Aggregated information: n/a | ||||
| e) | Date of the transaction: 8 May 2024 | ||||
| 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 Deferred Bonus Share Plan | ||||
| c) | Price(s) and volume(s):
| ||||
| d) | Aggregated information: n/a | ||||
| e) | Date of the transaction: 8 May 2024 | ||||
| f) | Place of the transaction: XLON |
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