ZOTEFOAMS PLC — Director's Dealing 2019

Apr 16, 2019

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RNS Number : 4002W

Zotefoams PLC

16 April 2019

Zotefoams plc

(the 'Company')

NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PDMRs

On 15 April 2019, the Company received notice from its Employee Benefit Trust of the exercise and partial sale for tax of nil cost options granted over ordinary shares of 5 pence each ('Shares') under the Company's 2012 Deferred Bonus Share Plan ('DBSP') and 2007 Long-Term Incentive Plan ('LTIP') by Mr D B Stirling and Mr G C McGrath as follows:

Director	LTIP	DBSP	Sold for tax	Sale price (£)	Anticipated still to be sold for tax	Balance of shares retained and transferred to Director
D B Stirling	78,203	8,688	8,031	£5.9659	32,808	46,052
G C McGrath	50,828	Nil	4,698	£5.9659	19,191	26,939

The shares in the "Anticipated still to be sold for tax" column are those that the Company has been notified are still to be sold for the purpose of satisfying the tax liability generated by the exercise of the options, but which have not been sold as at 15 April 2019. These shares have not been transferred into the name of the Director.

Awards granted under the LTIP vest subject to the satisfaction of performance targets over the three-year performance period.  The level of vesting for awards granted in 2016 was 100%, which was then increased to reflect the dividends paid during the performance period.

Awards granted under the DBSP vest three years from grant, subject to satisfaction of service conditions.  The awards were increased to reflect the dividends paid during the restricted period.

Following these transactions, which completed on 12 April 2019 and 9 April 2019 (in the case of the transfer of the balance of shares to Mr Stirling), Mr Stirling and Mr McGrath are beneficially interested in the following number of Shares:

Director	Number of Shares¹
D B Stirling	492,541
G C McGrath	32,254

¹ Includes Partnership Shares, Dividend Shares and vested Matching Shares under the Company's Share Incentive Plan.

The Notification of Dealing Form for Mr Stirling and Mr McGrath can be found below.

This notification is made in accordance with the Market Abuse Regulation.

Enquiries:

James Adams

Interim Company Secretary

Zotefoams plc

16 April 2019

020 8664 1600

About Zotefoams plc:

Zotefoams plc (LSE - ZTF) is a world leader in cellular materials technology.  Using a unique manufacturing process with environmentally friendly nitrogen expansion, Zotefoams produces and sells lightweight AZOTE® polyolefin and ZOTEK® high-performance foams for diverse markets worldwide.  Zotefoams uses its own cellular materials to manufacture T-FIT® advanced insulation for demanding industrial markets.  In addition, Zotefoams owns and licenses patented MuCell® microcellular foam technology, developed specifically for extrusion applications, from a base in Massachusetts, USA to customers worldwide.

Zotefoams is headquartered in Croydon, UK, with additional manufacturing sites in Kentucky and Oklahoma, USA (foam products manufacture and conversion), Massachusetts, USA (MuCell Extrusion) and Jiangsu Province, China (T-FIT®).

www.zotefoams.com

AZOTE®, ZOTEK®, T-FIT® are registered trademarks of Zotefoams plc

MuCell® is a registered trademark of Trexel Inc.

ZOTEFOAMS PLC

DEALING NOTIFICATION FORM

FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name: David Stirling

2.

Reason for the notification

a)

Position/status: Group CEO

b)

Initial notification/Amendment: Initial notification

3.

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

a)

Name:   Zotefoams plc

b)

LEI: 213800B6P256B5XN8D32

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:

Ordinary shares of 5 pence each

Identification code: GB0009896605

b)

Nature of the transaction: Exercise and retention under the Long-Term Incentive Plan

c)

Price(s) and volume(s):

Price(s)	Volume(s)
£0.00	41,447

d)

Aggregated information:

Aggregate Price	Aggregate Volume	Aggregate Total
£0.00	41,447	£0.00

e)

Date of the transaction: 9 April 2019

f)

Place of the transaction: XLON

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:

Ordinary shares of 5 pence each

Identification code: GB0009896605

b)

Nature of the transaction: Exercise and sale for tax under the Long-Term Incentive Plan

c)

Price(s) and volume(s):

Price(s)	Volume(s)
£5.9659	7,228

d)

Aggregated information:

Aggregate Price	Aggregate Volume
£43,121.53	7,228

e)

Date of the transaction: 12 April 2019

f)

Place of the transaction: XLON

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:

Ordinary shares of 5 pence each

Identification code: GB0009896605

b)

Nature of the transaction: Exercise and retention under Deferred Bonus Share Plan

c)

Price(s) and volume(s):

Price(s)	Volume(s)
£0.00	4,605

d)

Aggregated information:

Aggregate Price	Aggregate Volume
£0.00	4,605

e)

Date of the transaction: 9 April 2019

f)

Place of the transaction: XLON

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:

Ordinary shares of 5 pence each

Identification code: GB0009896605

b)

Nature of the transaction: Exercise and sale for tax under Deferred Bonus Share Plan

c)

Price(s) and volume(s):

Price(s)	Volume(s)
£5.9659	803

d)

Aggregated information:

Aggregate Price	Aggregate Volume
£4,790.62	803

e)

Date of the transaction: 12 April 2019

f)

Place of the transaction: XLON

ZOTEFOAMS PLC

DEALING NOTIFICATION FORM

FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name: Gary McGrath

2.

Reason for the notification

a)

Position/status: Group CFO

b)

Initial notification/Amendment: Initial notification

3.

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

a)

Name:   Zotefoams plc

b)

LEI: 213800B6P256B5XN8D32

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:

Ordinary shares of 5 pence each

Identification code: GB0009896605

b)

Nature of the transaction: Exercise and retention under the Long-Term Incentive Plan

c)

Price(s) and volume(s):

Price(s)	Volume(s)
£0.00	26,939

d)

Aggregated information:

Aggregate Price	Aggregate Volume	Aggregate Total
£0.00	26,939	£0.00

e)

Date of the transaction: 12 April 2019

f)

Place of the transaction: XLON

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:

Ordinary shares of 5 pence each

Identification code: GB0009896605

b)

Nature of the transaction: Exercise and sale for tax under the Long-Term Incentive Plan

c)

Price(s) and volume(s):

Price(s)	Volume(s)
£5.9659	4,698

d)

Aggregated information:

Aggregate Price	Aggregate Volume
£28,027.80	4,698

e)

Date of the transaction: 12 April 2019

f)

Place of the transaction: XLON

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