Zotefoams plc
(the 'Company')
NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PDMRs
10 May 2024 - The Company announces that on 8 May 2024, the Executive Directors and Persons Discharging Managerial Responsibilities (PDMR) were granted the following share awards over the Company's Ordinary Shares of 5p each under the terms of the Company's Long Term Incentive Plan 2017 ('LTIP') and the Deferred Bonus Share Plan 2017 ('DBSP'):
| Directors | Name | Title | Number of LTIP Awards | Number of DBSP Awards
|
| D B Stirling | Group CEO | 0 | 30,964 | |
| G C McGrath | Group CFO | 100,167 | 19,223 | |
| PDMRS | R M Cox | Group CEO Designate | 154,007 | 0 |
| K D Hewson | Senior Executive | 40,263 | 6,471 | |
| H D Morgan | Senior Executive | 37,044 | 4,101 | |
| D Lumpkin | Senior Executive | 37,321 | 4,689 | |
| B Sala | Senior Executive | 23,565 | 5,471 | |
| N Court-Johnston | Senior Executive | 26,527 | 4,421 |
The LTIP awards will vest on the third anniversary of the grant date subject to achieving the performance criteria detailed in the Company's Annual Report 2023. For the Group CEO Designate and Group CFO, a holding period of two years following the vesting date will apply, such that the awards will not normally be released until the fifth anniversary of the grant date.
The DBSP awards usually vest three years from grant, subject to satisfaction of service conditions.
The Notification of Dealing Form for each Director/PDMR can be found below.
This announcement is made in accordance with the requirements of Article 19 of the UK Market Abuse Regulation.
Lydia Harratt
Group Company Secretary
Zotefoams plc
020 8664 1600
Enquiries:
|
Zotefoams plc |
+44 (0) 208 664 1600 |
| David Stirling, Group CEO | |
| Gary McGrath, Group CFO
| |
| | |
| IFC Advisory | +44 (0) 203 934 6630 |
| Graham Herring Tim Metcalfe Zach Cohen | |
About Zotefoams plc
Zotefoams plc (LSE - ZTF) is a world leader in cellular materials technology delivering optimal material solutions for the benefit of society. Utilising a variety of unique manufacturing processes, including environmentally friendly nitrogen expansion for lightweight AZOTE® polyolefin and ZOTEK® high-performance foams, Zotefoams sells to diverse markets worldwide. Zotefoams uses its own cellular materials to manufacture T-FIT® advanced insulation for demanding industrial markets. Zotefoams also owns and licenses patented microcellular foam technology to reduce plastic use in extrusion applications and for ReZorce® mono-material recyclable barrier packaging.
Zotefoams is headquartered in Croydon, UK, with additional manufacturing sites in Kentucky, USA and Brzeg, Poland (foam manufacture), Oklahoma, USA (foam products manufacture and conversion), Massachusetts, USA, Stilling, Denmark (microcellular foam technology) and Jiangsu Province, China (T-FIT).
AZOTE®, ZOTEK®, ReZorce® and T-FIT® are registered trademarks of Zotefoams plc.
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 Burns 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: Award of restricted shares under the Deferred Bonus Share Plan with a holding period of 3 years | ||||
| c) | Price(s) and volume(s):
| ||||
| d) | Aggregated information: n/a | ||||
| e) | Date of the transaction: 8 May 2024 | ||||
| f) | Place of the transaction: XLON |
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: Gary Christopher McGrath | ||||
2. | Reason for the notification | ||||
| a) | Position/status: Group CFO | ||||
| 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: Award of performance shares under the Long-Term Incentive Plan with a holding period of 2 years post vesting date | ||||
| c) | Price(s) and volume(s):
| ||||
| d) | Aggregated information: n/a | ||||
| e) | Date of the transaction: 8 May 2024 | ||||
| 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: Award of restricted shares under the Deferred Bonus Share Plan with a holding period of 3 years | ||||
| c) | Price(s) and volume(s):
| ||||
| d) | Aggregated information: n/a | ||||
| e) | Date of the transaction: 8 May 2024 | ||||
| f) | Place of the transaction: XLON |
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: Ronan Michael Cox | ||||
2. | Reason for the notification | ||||
| a) | Position/status: Group CEO Designate | ||||
| 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: Award of performance shares under the Long-Term Incentive Plan with a holding period of 2 years post vesting date | ||||
| c) | Price(s) and volume(s):
| ||||
| d) | Aggregated information: n/a | ||||
| e) | Date of the transaction: 8 May 2024 | ||||
| f) | Place of the transaction: XLON |
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: Karl David Hewson | ||||
2. | Reason for the notification | ||||
| a) | Position/status: Senior Executive | ||||
| 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: Award of performance shares under the Long-Term Incentive Plan | ||||
| c) | Price(s) and volume(s):
| ||||
| d) | Aggregated information: n/a | ||||
| e) | Date of the transaction: 8 May 2024 | ||||
| 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: Award of restricted shares under the Deferred Bonus Share Plan with a holding period of 3 years | ||||
| c) | Price(s) and volume(s):
| ||||
| d) | Aggregated information: n/a | ||||
| e) | Date of the transaction: 8 May 2024 | ||||
| f) | Place of the transaction: XLON |
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: Hugh De Riemer Morgan | ||||
2. | Reason for the notification | ||||
| a) | Position/status: Senior Executive | ||||
| 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: Award of performance shares under the Long-Term Incentive Plan | ||||
| c) | Price(s) and volume(s):
| ||||
| d) | Aggregated information: n/a | ||||
| e) | Date of the transaction: 8 May 2024 | ||||
| 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: Award of restricted shares under the Deferred Bonus Share Plan with a holding period of 3 years | ||||
| c) | Price(s) and volume(s):
| ||||
| d) | Aggregated information: n/a | ||||
| e) | Date of the transaction: 8 May 2024 | ||||
| f) | Place of the transaction: XLON |
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: Dan Lumpkin | ||||
2. | Reason for the notification | ||||
| a) | Position/status: Senior Executive | ||||
| 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: Award of performance shares under the Long-Term Incentive Plan | ||||
| c) | Price(s) and volume(s):
| ||||
| d) | Aggregated information: n/a | ||||
| e) | Date of the transaction: 8 May 2024 | ||||
| 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: Award of restricted shares under the Deferred Bonus Share Plan with a holding period of 3 years | ||||
| c) | Price(s) and volume(s):
| ||||
| d) | Aggregated information: n/a | ||||
| e) | Date of the transaction: 8 May 2024 | ||||
| f) | Place of the transaction: XLON |
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: Benito Sala | ||||
2. | Reason for the notification | ||||
| a) | Position/status: Senior Executive | ||||
| 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: Award of performance shares under the Long-Term Incentive Plan | ||||
| c) | Price(s) and volume(s):
| ||||
| d) | Aggregated information: n/a | ||||
| e) | Date of the transaction: 8 May 2024 | ||||
| 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: Award of restricted shares under the Deferred Bonus Share Plan with a holding period of 3 years | ||||
| c) | Price(s) and volume(s):
| ||||
| d) | Aggregated information: n/a | ||||
| e) | Date of the transaction: 8 May 2024 | ||||
| f) | Place of the transaction: XLON |
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: Neil Court-Johnston | |||||
2. | Reason for the notification | |||||
| a) | Position/status: Senior Executive | |||||
| 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: Award of performance shares under the Long-Term Incentive Plan | |||||
| c) | Price(s) and volume(s):
| |||||
| d) | Aggregated information: n/a | |||||
| e) | Date of the transaction: 8 May 2024 | |||||
| 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: Award of restricted shares under the Deferred Bonus Share Plan with a holding period of 3 years | |||||
| c) | Price(s) and volume(s):
| |||||
| d) | Aggregated information: n/a | |||||
| e) | Date of the transaction: 8 May 2024 | |||||
| f) | Place of the transaction: XLON | |||||
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