Zotefoams PLC Notification Of Transactions Of Directors/PDMRs (6023X)

TIDMZTF

RNS Number : 6023X

Zotefoams PLC

26 April 2023

Zotefoams plc

(the 'Company')

NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PDMRs

26 April 2023 - On 25 April 2023, the Company received notice from its Employee Benefit Trust of the exercise and partial sale for tax of nil cost options granted over ordinary shares of 5 pence each ('Shares') under the Company's 2017 Deferred Bonus Share Plan ('DBSP') as follows:

 
                        DIRECTORS 
                               D B Stirling   G C McGrath 
                              -------------  ------------ 
 Number of shares exercised    12,307         7,741 
                              -------------  ------------ 
 Number of shares sold         6,057          - 
  on 20 April 2023 at 
  a sale price of GBP3.82 
  (RNS 2825X) 
                              -------------  ------------ 
 Number of shares sold         2,019          - 
  on 24 April 2023 at 
  a price of GBP3.81 
                              -------------  ------------ 
 Number of shares sold         4,231          - 
  on 25 April 2023 at 
  a price of GBP3.72 
                              -------------  ------------ 
 Number of shares sold 
  for tax on 20 April 
  2023 at a sale price 
  of GBP3.82 (RNS 2825X)       -              1,828 
                              -------------  ------------ 
 Number of shares sold 
  for tax on 24 April 
  2023 at a price of 
  GBP3.81                      -              609 
                              -------------  ------------ 
 Number of shares sold 
  for tax on 25 April 
  2023 at a price of 
  GBP3.72                      -              1,278 
                              -------------  ------------ 
 Balance of shares 
  to be retained and 
  transferred to the 
  Director at a price 
  of GBP3.79 on 25 April 
  2023                         -              4,026 
                              -------------  ------------ 
 
 
       PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES (PDMRs) 
                      K D Hewson   J P Bridges   H D Morgan   B Sala 
                     -----------  ------------  -----------  ------- 
 Number of 
  shares exercised    5,613        3,773         6,769        3,860 
                     -----------  ------------  -----------  ------- 
 Number of 
  shares sold 
  on 20 April 
  2023 at a 
  sale price 
  of GBP3.82 
  (RNS 2825X)         2,762        1,857         -            - 
                     -----------  ------------  -----------  ------- 
 Number of 
  shares sold 
  on 24 April 
  2023 at a 
  price of 
  GBP3.81             921          619           -            - 
                     -----------  ------------  -----------  ------- 
 Number of 
  shares sold 
  on 25 April 
  2023 at a 
  price of 
  GBP3.72             1,930        1,297         -            - 
                     -----------  ------------  -----------  ------- 
 Number of 
  shares sold 
  for tax on 
  20 April 
  2023 at a 
  sale price 
  of GBP3.82 
  (RNS 2825X)         -            -             1,585        911 
                     -----------  ------------  -----------  ------- 
 Number of 
  shares sold 
  for tax on 
  24 April 
  2023 at a 
  price of 
  GBP3.81             -            -             528          304 
                     -----------  ------------  -----------  ------- 
 Number of 
  shares sold 
  for tax on 
  25 April 
  2023 at a 
  price of 
  GBP3.72             -            -             1,106        637 
                     -----------  ------------  -----------  ------- 
 Balance of 
  shares to 
  be retained 
  and transferred 
  to the PDMR 
  at a price 
  of GBP3.79 
  on 25 April 
  2023                -            -             3,550        2,008 
                     -----------  ------------  -----------  -------

Awards granted under the DBSP usually 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 completed on 20 April 2023, 24 April 2023 and 25 April 2023, Mr Stirling and Mr McGrath are beneficially interested in the following number of Shares:

 
 Director        Number of Shares(1) 
 D B Stirling          492,707 
                -------------------- 
 G C McGrath           98,499 
                --------------------

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

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(R) polyolefin and ZOTEK(R) high-performance foams, Zotefoams sells to diverse markets worldwide. Zotefoams uses its own cellular materials to manufacture T-FIT(R) 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(R) 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).

www.zotefoams.com

AZOTE(R) , ZOTEK(R) , ReZorce(R) and T-FIT(R) are registered trademarks of Zotefoams plc.

ZOTEFOAMS PLC

DEALING NOTIFICATION FORM