Zotefoams PLC Director/PDMR Shareholding (1069C)
April 10 2017 - 11:02AM
UK Regulatory
TIDMZTF
RNS Number : 1069C
Zotefoams PLC
10 April 2017
Zotefoams plc (the 'Company')
Directors' Shareholdings
On 7 April 2017, the Executive Director listed below became
absolutely entitled to Ordinary Shares of 5p ('Shares') each in the
capital of the Company, as a result of his award 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 2014 was 37.7%, which was then
increased to reflect the dividends paid during the performance
period.
Director No. of No. Sale Balance
LTIP of price of Shares
Shares Shares (GBP) retained
released sold by Director
to Director to
meet
tax
liability
-------------- ------------- ----------- -------- -------------
D B Stirling 34,225 16,119 GBP3.00 18,106
-------------- ------------- ----------- -------- -------------
Following the above-mentioned transaction, which took place on
10 April 2017, Mr Stirling is beneficially interested in the
following number of Shares:
Director Number of Percentage
Shares(1) of issued
Share Capital
-------------- ----------- ---------------
D B Stirling 398,060 0.90
-------------- ----------- ---------------
(1) Includes Partnership Shares, Dividend Shares and vested
Matching Shares under the Company's Share Incentive Plan.
The Notification of Dealing Form for Mr Stirling can be found
below.
This notification is made in accordance with the Market Abuse
Regulation.
Enquiries:
James Kindell
Company Secretary
Zotefoams plc
10 April 2017
020 8664 1600
About Zotefoams plc:
Zotefoams plc (LSE - ZTF) is a world leader in cellular
materials technology. Using a unique manufacturing process with
environmentally friendly nitrogen expansion, Zotefoams produces and
sells lightweight AZOTE(R) polyolefin and ZOTEK(R) high-performance
foams for diverse markets worldwide. Zotefoams uses its own
cellular materials to manufacture T-FIT(R) advanced insulation for
demanding industrial markets. In addition, Zotefoams owns and
licenses patented MuCell(R) microcellular foam technology,
developed specifically for extrusion applications, from a base in
Massachusetts, USA to customers worldwide.
Zotefoams is headquartered in Croydon, UK, with additional
manufacturing sites in Kentucky and Oklahoma, USA (foam products
manufacture and conversion), Massachusetts, USA (MuCell Extrusion)
and Jiangsu Province, China (T-FIT(R)).
www.zotefoams.com
AZOTE(R), ZOTEK(R), T-FIT(R) are registered trademarks of
Zotefoams plc
MuCell(R) is a registered trademark of Trexel Inc.
ZOTEFOAMS PLC
DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND
THEIR CLOSELY ASSOCIATED PERSONS
1. Details of the person discharging managerial
responsibilities/person closely associated
--- --------------------------------------------------
a) Name: David Stirling
--- --------------------------------------------------
2. Reason for the notification
--- --------------------------------------------------
a) Position/status: Group CEO
--- --------------------------------------------------
b) Initial notification/Amendment: Initial
notification
--- --------------------------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- --------------------------------------------------
a) Name: Zotefoams plc
--- --------------------------------------------------
b) LEI: 213800B6P256B5XN8D32
--- --------------------------------------------------
4. 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:
Ordinary shares of 5 pence each
Identification code: GB0009896605
--- --------------------------------------------------
b) Nature of the transaction: Vesting of award
under the Long-Term Incentive Plan
--- --------------------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
---------- ----------
GBP0.00 34,225
---------- ----------
--- --------------------------------------------------
d) Aggregated information:
Aggregate Aggregate Aggregate
Price Volume Total
---------- ---------- ----------
GBP0.00 34,225 GBP0.00
---------- ---------- ----------
--- --------------------------------------------------
e) Date of the transaction: 2017-04-07
--- --------------------------------------------------
f) Place of the transaction: Outside a trading
venue
--- --------------------------------------------------
4. 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:
Ordinary shares of 5 pence each
Identification code: GB0009896605
--- --------------------------------------------------
b) Nature of the transaction: Sale of shares
that vested under the Long-Term Incentive
Plan to pay the tax liability.
--- --------------------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
---------- ----------
GBP3.00 16,119
---------- ----------
--- --------------------------------------------------
d) Aggregated information:
Aggregate Aggregate Aggregate
Price Volume Total
---------- ---------- -------------
GBP3.00 16,119 GBP48,357.00
---------- ---------- -------------
--- --------------------------------------------------
e) Date of the transaction: 2017-04-10, 10:55:00
--- --------------------------------------------------
f) Place of the transaction: XLON
--- --------------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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