Norcros PLC Directors' Dealings (4939U)
July 29 2015 - 12:46PM
UK Regulatory
TIDMNXR
RNS Number : 4939U
Norcros PLC
29 July 2015
Norcros plc
("Norcros" or "the Company")
Directors' Dealings - APSP Share Option exercises and subsequent
share transfers
Norcros announces that the Company has today been notified of
the following sharedealings by the Executive Directors of the
Company by way of the exercise of nil-cost share options under the
Company's Approved Performance Share Plan (the "APSP") over
ordinary shares of one pence each in the Company ("Shares").
Name Number of Shares acquired
from options exercised
-------------- --------------------------
Nick Kelsall 2,488,253
-------------- --------------------------
Martin Payne 1,722,636
-------------- --------------------------
The Executive Directors then sold Shares in order to satisfy the
tax liabilities arising on the option exercises (Nick Kelsall
1,169,479 Shares and Martin Payne 809,639 Shares).
Nick Kelsall also sold 1,318,774 Shares and Martin Payne sold
458,122 Shares.
All the above Share sales were at a price of 19.5p
Martin Payne also transferred for nil consideration 454,875
Shares to his spouse.
All of the sharedealings took place on 29 July 2015.
The aggregate numbers of Shares in which each Executive Director
is interested before and after these sharedealings are as
follows:
Name Number of Shares Number of Shares
held (before) held (after)
-------------- ----------------- -----------------
Nick Kelsall 7,954,251 7,954,251
-------------- ----------------- -----------------
Martin Payne 803,549 1,258,424
-------------- ----------------- -----------------
Further enquiries:
Norcros plc Tel: 01625 547 700
Nick Kelsall, Group
Chief Executive
Martin Payne, Group
Finance Director
Hudson Sandler Tel: 0207 796 4133
Nick Lyon
Charlie Jack
Katie Matthews
This information is provided by RNS
The company news service from the London Stock Exchange
END
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