TIDMZTF

RNS Number : 7926P

Zotefoams PLC

11 October 2023

Zotefoams plc

(the 'Company')

NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PDMRs

11 October 2023 - On 10 October 2023, the Company received notice from its Employee Benefit Trust of the exercise of nil cost options granted over ordinary shares of 5 pence each ('Shares') under the Company's Long-Term Incentive Plan ('LTIP') as follows:

 
                                           PDMRs 
                  Award          Number of          Number of        Number of      Share 
                              shares exercised    shares retained    shares sold     price 
                                                                       for tax        GBP 
               -----------  ------------------  -----------------  -------------  --------- 
  K D Hewson    LTIP 2020          9,095                0                0         2.926087 
               -----------  ------------------  -----------------  -------------  --------- 
  H D Morgan    LTIP 2020          8,368              4,426            3,942       2.926087 
               -----------  ------------------  -----------------  -------------  --------- 
 J P Bridges    LTIP 2020          4,366                0                0         2.926087 
               -----------  ------------------  -----------------  -------------  --------- 
    B Sala      LTIP 2020          5,325              5,325              0           3.08 
               -----------  ------------------  -----------------  -------------  --------- 
 

Awards granted under the LTIP vest subject to the satisfaction of performance targets over the three-year performance period.

All awards were increased to reflect the dividends paid during the restricted period.

The Notification of Dealing Form 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(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, 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

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: Exercise and sale of shares 
       under the Long-Term Incentive Plan 
     --------------------------------------------------------------------- 
 c)   Price(s) and volume(s): Volume      Price 
        9,095    GBP2.926087 
                ------------ 
     --------------------------------------------------------------------- 
 d)   Aggregated information: 
        Aggregate Price   Aggregate Volume   Aggregate 
                                              Total 
        GBP2.926087       9,095              GBP26,612.76 
                         -----------------  ------------- 
     --------------------------------------------------------------------- 
 e)   Date of the transaction: 10 October 2023 
     --------------------------------------------------------------------- 
 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: Exercise and sale of shares 
       for tax under the Long-Term Incentive Plan 
     --------------------------------------------------------------------- 
 c)   Price(s) and volume(s): Volume      Price 
        3,942    GBP2.926087 
                ------------ 
     --------------------------------------------------------------------- 
 d)   Aggregated information: 
        Aggregate Price   Aggregate Volume   Aggregate 
                                              Total 
        GBP2.926087       3,942              GBP11,534.63 
                         -----------------  ------------- 
     --------------------------------------------------------------------- 
 e)   Date of the transaction: 10 October 2023 
     --------------------------------------------------------------------- 
 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 of 
       shares under the Long-Term Incentive Plan 
     --------------------------------------------------------------------- 
 c)   Price(s) and volume(s): Volume      Price 
        4,426    GBP2.926087 
                ------------ 
     --------------------------------------------------------------------- 
 d)   Aggregated information: 
        Aggregate Price   Aggregate Volume   Aggregate 
                                              Total 
        GBP2.926087       4,426              GBP12,950.86 
                         -----------------  ------------- 
     --------------------------------------------------------------------- 
 e)   Date of the transaction: 10 October 2023 
     --------------------------------------------------------------------- 
 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: James Peter Bridges 
     --------------------------------------------------------------------- 
 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: Exercise and sale of shares 
       under the Long-Term Incentive Plan 
     --------------------------------------------------------------------- 
 c)   Price(s) and volume(s): Volume      Price 
        4,366    GBP2.926087 
                ------------ 
     --------------------------------------------------------------------- 
 d)   Aggregated information: 
        Aggregate Price   Aggregate Volume   Aggregate 
                                              Total 
        GBP2.926087       4,366              GBP12,775.30 
                         -----------------  ------------- 
     --------------------------------------------------------------------- 
 e)   Date of the transaction: 10 October 2023 
     --------------------------------------------------------------------- 
 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: Exercise and retention of 
       shares under the Long-Term Incentive Plan 
     --------------------------------------------------------------------- 
 c)   Price(s) and volume(s): Volume    Price 
        5,325    GBP3.08 
                -------- 
     --------------------------------------------------------------------- 
 d)   Aggregated information: 
        Aggregate Price   Aggregate Volume   Aggregate 
                                              Total 
        GBP3.08           5,325              GBP16,401.00 
                         -----------------  ------------- 
     --------------------------------------------------------------------- 
 e)   Date of the transaction: 10 October 2023 
     --------------------------------------------------------------------- 
 f)   Place of the transaction: XLON 
     --------------------------------------------------------------------- 
 

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END

DSHMBBPTMTIBMAJ

(END) Dow Jones Newswires

October 11, 2023 04:47 ET (08:47 GMT)

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