NORCROS PLC

Director's Dealing • Jul 27, 2021

National Storage Mechanism | Additional information

RNS Number : 6662G

Norcros PLC

27 July 2021

Norcros plc ("Norcros" or "the Company")

Directors' Dealings - DBP Share Option exercises  

Share dealing Information

Norcros announces that the Company has today been notified of the following share dealings by Nick Kelsall, Chief Executive Officer and Shaun Smith, Chief Financial Officer by way of the exercise under the Deferred Bonus Plan (the "DBP") of options over ordinary shares of ten pence each in the Company ("Shares").

Name	Total option Shares exercised	Total Shares used to pay tax/NIC on option exercises	Net Shares retained
Nick Kelsall Shaun Smith	41,337 27,764	19,429 *Nil	21,908 27,764

(*Shaun Smith paid the tax/NIC from his own funds)

Nick Kelsall then transferred the 21,908 Shares retained to his spouse, Mrs Susan Kelsall, for nil consideration and Shaun Smith transferred the 27,764 Shares retained to his spouse, Mrs Julie Smith, for nil consideration.

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation ("MAR"), provides further detail.

The aggregate numbers of Shares in which Nick Kelsall and Shaun Smith are interested before and after these share dealings are as follows:

Name	Number of Shares held (before)	Number of Shares held (after)
Nick Kelsall Shaun Smith	1,675,686          224,491	1,697,594    252,255

MAR Notifications

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Nick Kelsall

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Norcros plc

b)

LEI

213800EIMJZZA1GBIE18

4 A

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

Identification code

Ordinary Share of 10 pence

GB00BYYJL418

b)

Nature of the transaction

Acquisition - exercise of nil cost options under Deferred Bonus Plan (DBP)

c)

Price(s) and volume(s)

Price(s)	Volume(s)
0.00p	41,337 shares

d)

Aggregated information

- Aggregated volume

- Price

-       n/a

-       n/a

e)

Date of the transaction

27 July 2021

f)

Place of the transaction

Wilmslow, Cheshire, England

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Nick Kelsall

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Norcros plc

b)

LEI

213800EIMJZZA1GBIE18

4 A

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

Identification code

Ordinary Share of 10 pence

GB00BYYJL418

b)

Nature of the transaction

Disposals of shares acquired under Deferred Bonus Plan (DBP): (a) 19,429 shares sold to discharge tax/NIC liability arising; (b) transfer of 21,908 shares to person closely connected (spouse - Susan Kelsall) for nil consideration

c)

Price(s) and volume(s)

Price(s)	Volume(s)
312.00p 0.00p	19,429 shares 21,908 shares

d)

Aggregated information

- Aggregated volume

- Price

-       n/a

-       n/a

e)

Date of the transaction

27 July 2021

f)

Place of the transaction

Wilmslow, Cheshire, England

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Shaun Smith

2

Reason for the notification

a)

Position/status

Chief Financial Officer

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Norcros plc

b)

LEI

213800EIMJZZA1GBIE18

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

Identification code

Ordinary Share of 10 pence

GB00BYYJL418

b)

Nature of the transaction

Acquisition - exercise of nil cost options under Deferred Bonus Plan (DBP)

c)

Price(s) and volume(s)

Price(s)	Volume(s)
0.00p	27,764 shares

d)

Aggregated information

- Aggregated volume

- Price

-       n/a

-       n/a

e)

Date of the transaction

27 July 2021

f)

Place of the transaction

Wilmslow, Cheshire, England

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Shaun Smith

2

Reason for the notification

a)

Position/status

Chief Financial Officer

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Norcros plc

b)

LEI

213800EIMJZZA1GBIE18

4 A

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

Identification code

Ordinary Share of 10 pence

GB00BYYJL418

b)

Nature of the transaction

Disposal of shares acquired under Deferred Bonus Plan (DBP): transfer of 27,764 shares to person closely connected (spouse - Julie Smith) for nil consideration

c)

Price(s) and volume(s)

Price(s)	Volume(s)
0.00p	27,764 shares

d)

Aggregated information

- Aggregated volume

- Price

-       n/a

-       n/a

e)

Date of the transaction

27 July 2021

f)

Place of the transaction

Wilmslow, Cheshire, England

Further enquiries:

Norcros plc	Tel: 01625 547 700
Nick Kelsall, Chief Executive Officer Shaun Smith, Chief Financial Officer
Hudson Sandler	Tel: 0207 796 4133
Nick Lyon

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