NORCROS PLC

Remuneration Information • Jul 22, 2015

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RNS Number : 7998T

Norcros PLC

22 July 2015

Norcros plc

("Norcros" or "the Company")

Directors' Dealings - APSP Share Option and Deferred Share awards

APSP Share Option Awards

Norcros announces that the Remuneration Committee of the Company has today granted the following HMRC approved and unapproved share option awards in respect of the year ended 31 March 2015 (the "APSP Awards") to the Executive Directors of the Company under the Company's Approved Performance Share Plan (the "APSP") over ordinary shares of one pence each in the Company ("Ordinary Shares").

Name	Number of Ordinary Shares subject to the APSP Award	Option Exercise Price
Nick Kelsall	139,534 (approved)	21.50 pence
Nick Kelsall	1,449,768 (unapproved)	Nil
Martin Payne	139,534 (approved)	21.50 pence
Martin Payne	927,907 (unapproved)	Nil

Under the APSP, awards are made subject to performance targets relating to improvements in the Company's Earnings Per Share ("EPS").  Vesting of these shares is subject to achieving aggregate diluted EPS over a three year performance period.

The APSP Awards will normally vest on the third anniversary of their grant, subject to satisfactory achievement of the performance targets.  No consideration was paid for the APSP Awards and the consideration due to be payable on vesting will be the option exercise price (if any) shown above.

Bonus payment - Deferred Share Awards

Under the annual bonus scheme, 50 per cent. of an Executive Director's total bonus for the year is satisfied in cash, with the other 50 per cent. in the form of nil cost options under the Company's Deferred Share Bonus Plan (the "Deferred Plan").  These options represent 50 per cent. of the bonuses earned by the Executive Directors for the 2015 financial year.

Norcros therefore also announces that the Remuneration Committee has today granted the following nil cost share option awards in respect of the year ended 31 March 2015 (the "Deferred Awards") to the Executive Directors of the Company over ordinary shares of one pence each in the Company ("Ordinary Shares").

Name	Number of Ordinary Shares subject to the Deferred Plan Award
Nick Kelsall	539,348
Martin Payne	362,251

The Deferred Awards will normally vest on the third anniversary of their grant.  Because these shares represent part of a bonus already earned, no consideration was paid for the Deferred Awards and no consideration is due to be payable on vesting.

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

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