Norcros plc
("Norcros" or "the Company")
APSP Share Option 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 "Awards") to the Executive Directors of the Company under the Company's Approved Performance Share Plan (the "APSP") over ordinary shares of one pence each in the Company ("Ordinary Shares").
Name |
Number of Ordinary Shares subject to the APSP Award |
Nick Kelsall |
1,330,885 |
Martin Payne |
921,382 |
Under the APSP, awards are made subject to performance targets relating to improvements in the Company's Earnings Per Share ("EPS").Vesting of these shares is subject to achieving aggregate diluted EPS over a three year performance period.
The Awards will normally vest on the third anniversary of their grant, subject to satisfactory achievement of the performance targets. No consideration was paid for the 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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