NORCROS PLC

Remuneration Information • Jul 27, 2016

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RNS Number : 4421F

Norcros PLC

27 July 2016

27 July 2016

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 (the "APSP Awards") to the Executive Directors of the Company under the Company's Approved Performance Share Plan (the "APSP") over ordinary shares of ten pence each in the Company ("Ordinary Shares").

Name/Position	Number of Ordinary Shares subject to the APSP Award	Option Exercise Price
Nick Kelsall Group Chief Executive	232,356 (HMRC unapproved)	Nil
Shaun Smith Group Finance Director	20,000 (HMRC approved)	150 pence
Shaun Smith Group Finance Director	136,060 (HMRC unapproved)	Nil

Under the APSP, awards are made subject to performance targets relating to the Company's diluted underlying Earnings Per Share ("EPS").  Vesting of these shares is subject to achieving aggregate EPS over a three year performance period, starting with the 2017 financial year.

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 2016 financial year.  The previous Group Finance Director's entitlement to this award lapsed on his resignation, effective 12 May 2016.

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 2016 (the "Deferred Awards") to the relevant Executive Director of the Company over ordinary shares of ten pence each in the Company ("Ordinary Shares").

Name/Position	Number of Ordinary Shares subject to the Deferred Plan Award
Nick Kelsall Group Chief Executive	92,544

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.

Other information:

Norcros plc LEI:                                  213800EIMJZZA1GB1E18

Ordinary Shares identity code:   GB00BYYJL418

Date of transaction:                         27 July 2016

Place of transaction:                        Wilmslow, Cheshire, England

Further enquiries:

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

This information is provided by RNS

The company news service from the London Stock Exchange

END

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