TIDMZTF

RNS Number : 8130B

Zotefoams PLC

14 June 2021

Zotefoams plc

(the 'Company')

NOTIFICATION OF TRANSACTIONS OF PDMR

14 June 2021 - On 11 June 2021, 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 Deferred Bonus Share Plan ('DBSP') and sale of shares at a price of GBP4.74 by the following Person Discharging Managerial Responsibilities ('PDMR'):

 
  PDMR      Award         Number of          Number of        Number of 
                       shares exercised    shares retained    shares sold 
                           and sold                             for tax 
 B Sala   DBSP 2020        11,285               Nil              Nil 
         ----------  ------------------  -----------------  ------------- 
 

Awards granted under the DBSP usually vest three years from grant, subject to satisfaction of service conditions. However, given the unprecedented circumstances brought about by COVID-19, and the decision of the Board not to recommend a final dividend for the year ended 31 December 2019, the proportion of the bonus that would normally have been paid in cash under the DBSP 2020 Award was deferred into shares (the 'Deferred Bonus proportion'). The Remuneration Committee has now approved the exercise of the Deferred Bonus proportion taking place prior to 20 April 2023. The proportion of the bonus that would normally be deferred into shares (25%) will continue as normal and will be released after three years.

The award was 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

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 (MuCell Extrusion) 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: 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 sale of shares 
       under the Deferred Bonus Share Plan 
     --------------------------------------------------------------------- 
 c)   Price(s) and volume(s): Volume    Price 
        11,285   GBP4.74 
                -------- 
     --------------------------------------------------------------------- 
 d)   Aggregated information: 
        Aggregate Price   Aggregate Volume   Aggregate Total 
        GBP4.74           11,285             GBP53,490.90 
                         -----------------  ---------------- 
     --------------------------------------------------------------------- 
 e)   Date of the transaction: 11 June 2021 
     --------------------------------------------------------------------- 
 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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHEAEKLFDLFEFA

(END) Dow Jones Newswires

June 14, 2021 06:35 ET (10:35 GMT)

Zotefoams (LSE:ZTF)
Gráfica de Acción Histórica
De Oct 2021 a Nov 2021 Haga Click aquí para más Gráficas Zotefoams.
Zotefoams (LSE:ZTF)
Gráfica de Acción Histórica
De Nov 2020 a Nov 2021 Haga Click aquí para más Gráficas Zotefoams.