NORCROS PLC

Remuneration Information • Jul 24, 2024

National Storage Mechanism | Additional information

RNS Number : 6960X

Norcros PLC

24 July 2024

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

Director Dealings - APSP Share Option Awards

Director/PDMR Shareholding

Norcros announces that the Board, following a recommendation from the Remuneration Committee, has granted new share options to the following Directors under the Company's Approved Performance Share Plan (the "APSP") on 24 July 2024.

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

APSP Share Option Awards

The Company has today granted the following nil cost share option awards under the APSP in respect of the current financial year (the "APSP Awards") to two Executive Directors of the Company over ordinary shares of ten pence each in the Company ("Ordinary Shares"). 

Under the APSP, awards are made subject to performance targets relating to long-term growth in the Company's Earnings Per Share ("EPS").  Vesting of these Ordinary Shares will be subject to achieving diluted EPS targets measured over a three year performance period, starting with the 2025 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.

Name	Number of Ordinary Shares subject to the APSP Award
Thomas Willcocks (CEO)	217,454
James Eyre (CFO)	158,476

MAR Notification

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

Thomas Willcocks

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

Grant of 217,454 options under the Company's Approved Performance Share Plan (the "APSP")

c)

Price(s) and volume(s)

Price(s)	Volume(s)
n/a	217,454

d)

Aggregated information

- Aggregated volume

- Price

n/a

n/a

e)

Date of the transaction

24 July 2024

f)

Place of the transaction

Wilmslow, Cheshire, England

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

James Eyre

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

Grant of 158,476 options under the Company's Approved Performance Share Plan (the "APSP")  

c)

Price(s) and volume(s)

Price(s)	Volume(s)
n/a	158,476

d)

Aggregated information

- Aggregated volume

- Price

n/a

n/a

e)

Date of the transaction

24 July 2024

f)

Place of the transaction

Wilmslow, Cheshire, England

Further enquiries:

Norcros plc	Tel: 01625 547 700
Thomas Willcocks, Chief Executive Officer James Eyre, Chief Financial Officer
Hudson Sandler	Tel: 0207 796 4133
Nick Lyon

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