ZTF Zotefoams Plc

TIDMZTF

RNS Number : 0585K

Zotefoams PLC

13 April 2015

Zotefoams plc (the 'Company')

Directors' Shareholdings

On 4 April 2015, the Executive Directors listed below became absolutely entitled to Ordinary Shares of 5p ('Shares') each in the capital of the Company, as a result of awards vesting under the Zotefoams 2007 Long Term Incentive Plan ('LTIP').

Awards granted under the LTIP vest subject to the satisfaction of performance targets at the end of a three year period. The level of vesting for awards granted in 2012 was 66.0%, which was then increased to reflect the dividends paid during the performance period.

 
 Director       No. of LTIP        No. of Shares    Sale price   Balance of 
                 Shares released    sold to meet     (GBP)        Shares retained 
                 to Director        tax liability                 by Director 
 DB Stirling              35,413           16,678     GBP2.959             18,735 
               -----------------  ---------------  -----------  ----------------- 
 CG Hurst                 24,560           11,567     GBP2.959             12,993 
               -----------------  ---------------  -----------  ----------------- 
 

In addition, on 7 April 2015, Mr Hurst exercised his option under the Company's Executive Share Option Scheme over 115,909 Shares.

 
 Director    Shares released   Exercise     No. of Shares   Sale         Balance of 
              to Director       price per    sold to meet    price        Shares retained 
              on exercise       share        exercise        per share    by Director 
              of the option                  cost and 
                                             tax and NI 
                                             liability 
 CG Hurst            115,909        77.0p          77,753     GBP2.959             38,156 
            ----------------  -----------  --------------  -----------  ----------------- 
 

Following the above-mentioned transactions, which all took place on 10 April 2015, Mr Stirling and Mr Hurst are beneficially interested in the following number of Shares:

 
Director      Number of Shares          Percentage of 
                                 issued Share Capital 
DB Stirling            353,968                  0.81% 
              ----------------  --------------------- 
CG Hurst               343,707                  0.78% 
              ----------------  --------------------- 
 

Enquiries:

James Kindell

Company Secretary

Zotefoams plc

13 April 2015

This information is provided by RNS

The company news service from the London Stock Exchange

END

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