Norcros plc
("Norcros" or "the Company")
Deferred Share Awards and Directors' Dealing
Norcros announces that the Remuneration Committee of the Company has granted the following nil cost share option awards in respect of the year ended 31 March 2013 (the "2013 Awards") to the Executive Directors of the Company under the Company's Deferred Share Bonus Plan (the "Deferred Plan") over ordinary shares of one pence each in the Company ("Ordinary Shares").
Name |
Number of Ordinary Shares subject to the Deferred Plan Award |
Nick Kelsall |
306,322 |
Martin Payne |
212,069 |
Under the annual bonus scheme, 50 per cent. of an Executive Director's total bonus for the year is satisfied in cash, with the other 50 per cent. in the form of nil cost options under the Deferred Plan.
The 2013 Awards will normally vest on the third anniversary of their grant. No consideration was paid for the 2013 Awards and no consideration is due to be payable on vesting.
Further enquiries:
Norcros plc |
Tel: 01625 547 700 |
Nick Kelsall, Group Chief Executive Martin Payne, Group Finance Director |
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Hudson Sandler |
Tel: 0207 796 4133 |
Nick Lyon |
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Charlie Jack |
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Katie Matthews |
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