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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 exercised |
Total Shares used to pay tax/NIC on option exercises |
Net Shares retained |
|
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 (before) |
Number of Shares held (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 |
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|
a) |
Name |
Nick Kelsall |
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|
2 |
Reason for the notification |
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|
a) |
Position/status |
Chief Executive Officer |
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|
b) |
Initial notification /Amendment |
Initial notification |
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|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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|
a) |
Name |
Norcros plc |
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|
b) |
LEI |
213800EIMJZZA1GBIE18 |
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|
4 A
|
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 |
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|
a)
|
Description of the financial instrument, type of instrument
Identification code
|
Ordinary Share of 10 pence
GB00BYYJL418
|
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|
b)
|
Nature of the transaction
|
Acquisition - exercise of nil cost options under Deferred Bonus Plan (DBP) |
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|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information - Aggregated volume - Price |
- n/a - n/a
|
||||
|
e)
|
Date of the transaction
|
25 July 2022 |
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|
f)
|
Place of the transaction
|
Wilmslow, Cheshire, England |
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|
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 /Amendment |
Initial notification |
||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Norcros plc |
||||
|
b) |
LEI |
213800EIMJZZA1GBIE18 |
||||
|
4 A
|
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
Identification code
|
Ordinary Share of 10 pence
GB00BYYJL418
|
||||
|
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 |
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|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information - Aggregated volume - Price |
- n/a - n/a
|
||||
|
e)
|
Date of the transaction
|
25 July 2022 |
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|
f)
|
Place of the transaction
|
Wilmslow, Cheshire, England |
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Further enquiries:
|
Norcros plc |
Tel: 01625 547 700 |
|
Nick Kelsall, Chief Executive Officer James Eyre, Chief Financial Officer |
|
|
|
|
|
Hudson Sandler |
Tel: 0207 796 4133 |
|
Nick Lyon |
|
On July 25, 2022, Norcros plc's Chief Executive Officer, Nick Kelsall, exercised 52,273 nil cost options under a Deferred Bonus Plan. From these shares, 25,222 were utilized to cover tax and NIC liabilities at 225.00p per share, and the remaining 27,051 shares were transferred for nil consideration to his spouse, Mrs Susan Kelsall. Following these transactions, Nick Kelsall's total interest in Norcros plc ordinary shares increased from 1,697,594 to 1,724,645.
| Date | 25 Jul 2022 |
| Time | 14:23:10 |
| Category | Director/PDMR dealings |
| ID | 6549T |