NXR Norcros Plc

TIDMNXR

RNS Number : 4939U

Norcros PLC

29 July 2015

Norcros plc

("Norcros" or "the Company")

Directors' Dealings - APSP Share Option exercises and subsequent share transfers

Norcros announces that the Company has today been notified of the following sharedealings by the Executive Directors of the Company by way of the exercise of nil-cost share options under the Company's Approved Performance Share Plan (the "APSP") over ordinary shares of one pence each in the Company ("Shares").

 
 Name            Number of Shares acquired 
                  from options exercised 
--------------  -------------------------- 
 Nick Kelsall    2,488,253 
--------------  -------------------------- 
 Martin Payne    1,722,636 
--------------  -------------------------- 
 

The Executive Directors then sold Shares in order to satisfy the tax liabilities arising on the option exercises (Nick Kelsall 1,169,479 Shares and Martin Payne 809,639 Shares).

Nick Kelsall also sold 1,318,774 Shares and Martin Payne sold 458,122 Shares.

All the above Share sales were at a price of 19.5p

Martin Payne also transferred for nil consideration 454,875 Shares to his spouse.

All of the sharedealings took place on 29 July 2015.

The aggregate numbers of Shares in which each Executive Director is interested before and after these sharedealings are as follows:

 
 Name            Number of Shares   Number of Shares 
                  held (before)      held (after) 
--------------  -----------------  ----------------- 
 Nick Kelsall    7,954,251          7,954,251 
--------------  -----------------  ----------------- 
 Martin Payne    803,549            1,258,424 
--------------  -----------------  ----------------- 
 

Further enquiries:

 
 Norcros plc            Tel: 01625 547 700 
 Nick Kelsall, Group 
  Chief Executive 
  Martin Payne, Group 
  Finance Director 
 
 Hudson Sandler         Tel: 0207 796 4133 
 Nick Lyon 
 Charlie Jack 
 Katie Matthews 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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