TIDMZTF

RNS Number : 2587Q

Zotefoams PLC

04 June 2018

Zotefoams plc

(the 'Company')

NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PDMRs

On 31 May 2018, the Company received notice of exercise and sale for tax of nil cost options granted over ordinary shares of 5 pence each ('Shares') under the Company's 2012 Deferred Bonus Share Plan ('DBSP') and 2007 Long-Term Incentive Plan ('LTIP') by Mr D B Stirling, Chief Executive Officer, as follows:

 
 Director         LTIP    DBSP    Sold for    Sale     Balance 
                                     tax      price     retained 
                                              (GBP) 
--------------  -------  ------  ---------  --------  ---------- 
 D B Stirling    45,532   8,668    25,526    GBP5.65      28,674 
--------------  -------  ------  ---------  --------  ---------- 
 

Awards granted under the LTIP vest subject to the satisfaction of performance targets over the three-year performance period. The level of vesting for awards granted in 2015 was 57.95%, which was then increased to reflect the dividends paid during the performance period.

Awards granted under the DBSP vest three years from grant, subject to satisfaction of service conditions. The awards were increased to reflect the dividends paid during the restricted period.

Following these transactions, which took place on 31 May 2018, Mr Stirling is beneficially interested in the following number of Shares:

 
 Director        Number of    % of ISC 
                  Shares(1) 
--------------  -----------  --------- 
 D B Stirling     446,193      0.92% 
--------------  -----------  --------- 
 

(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:

Alex Small

Group Company Secretary

Zotefoams plc

04 June 2018

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: Exercise and 
       retention under the Long-Term Incentive 
       Plan 
---  -------------------------------------------------- 
 c)   Price(s) and volume(s): Price(s)    Volume(s) 
       ----------  ---------- 
        GBP0.00     24,090 
       ----------  ---------- 
---  -------------------------------------------------- 
 d)   Aggregated information: 
        Aggregate   Aggregate   Aggregate 
         Price       Volume      Total 
       ----------  ----------  ---------- 
        GBP0.00     24,090      GBP0.00 
       ----------  ----------  ---------- 
---  -------------------------------------------------- 
 e)   Date of the transaction: 31 May 2018 
---  -------------------------------------------------- 
 f)   Place of the transaction: XLON 
---  -------------------------------------------------- 
 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: Exercise and 
       sale under the Long-Term Incentive Plan 
       to pay the tax liability. 
---  -------------------------------------------------- 
 c)   Price(s) and volume(s): Price(s)    Volume(s) 
       ----------  ---------- 
        GBP5.65     21,442 
       ----------  ---------- 
---  -------------------------------------------------- 
 d)   Aggregated information: 
        Aggregate        Aggregate 
         Price            Volume 
       ---------------  ---------- 
        GBP121,147.30    21,442 
       ---------------  ---------- 
---  -------------------------------------------------- 
 e)   Date of the transaction: 31 May 2018 
---  -------------------------------------------------- 
 f)   Place of the transaction: XLON 
---  -------------------------------------------------- 
 
 
 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: Exercise and 
       retention under Deferred Bonus Share Plan 
---  ------------------------------------------------- 
 c)   Price(s) and volume(s): Price(s)    Volume(s) 
       ----------  ---------- 
        GBP0.00     4,584 
       ----------  ---------- 
---  ------------------------------------------------- 
 d)   Aggregated information: 
        Aggregate    Aggregate 
         Price        Volume 
       -----------  ---------- 
        GBP0.00      4,584 
       -----------  ---------- 
---  ------------------------------------------------- 
 e)   Date of the transaction: 31 May 2018 
---  ------------------------------------------------- 
 f)   Place of the transaction: XLON 
---  ------------------------------------------------- 
 
 
 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: Exercise and 
       sale for tax under Deferred Bonus Share 
       Plan 
---  ------------------------------------------------- 
 c)   Price(s) and volume(s): Price(s)    Volume(s) 
       ----------  ---------- 
        GBP5.65     4,084 
       ----------  ---------- 
---  ------------------------------------------------- 
 d)   Aggregated information: 
        Aggregate       Aggregate 
         Price           Volume 
       --------------  ---------- 
        GBP23,076.60    4,084 
       --------------  ---------- 
---  ------------------------------------------------- 
 e)   Date of the transaction: 31 May 2018 
---  ------------------------------------------------- 
 f)   Place of the transaction: XLON 
---  ------------------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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June 04, 2018 12:50 ET (16:50 GMT)

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