ZOTEFOAMS PLC — Director's Dealing 2021

Jun 10, 2021

National Storage Mechanism | Additional information

RNS Number : 5475B

Zotefoams PLC

10 June 2021

Zotefoams plc

(the 'Company')

NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PDMRs

10 June 2021 - On 8 June 2021, the Company received notice from its Employee Benefit Trust of the exercise of nil cost options granted over ordinary shares of 5 pence each ('Shares') under the Company's Long-Term Incentive Plan ('LTIP') and Deferred Bonus Share Plan ('DBSP') at a sale price of £4.77 as follows:

DIRECTORS
	Award	Number of shares exercised	Number of shares retained	Number of shares sold for tax	Aggregate number of shares held
D B Stirling	DBSP 2020	36,018	Nil	Nil	449,162
DBSP 2017	6,893	Nil	Nil
LTIP 2017	37,978	Nil	Nil
LTIP 2018	5,425	Nil	Nil
G C McGrath	DBSP 2017	4,576	2,420	2,156	60,644
LTIP 2017	24,921	13,183	11,738
LTIP 2018	3,656	1,934	1,722

PDMRs
	Award	Number of shares exercised	Number of shares retained	Number of shares sold for tax
K D Hewson	DBSP 2017	3,598	1,903	1,695
LTIP 2017	27,788	14,701	13,087
LTIP 2018	5,361	2,835	2,526
H D Morgan	DBSP 2017	1,975	1,044	931
LTIP 2017	16,321	8,634	7,687
LTIP 2018	4,932	2,609	2,323
D B Catalano	LTIP 2017	27,335	Nil	Nil
LTIP 2018	8,287	Nil	Nil

Awards granted under the LTIP vest subject to the satisfaction of performance targets over the three-year performance period. The final decision on the timing of vesting of the LTIP 2017 award was deferred for a period of up to one year. Following due consideration by the Committee, including taking into account the stability of the Group following the impact of COVID-19, the Remuneration Committee agreed that it would be appropriate to release the award in line with the formulaic outcome on 1 June 2021.

Awards granted under the DBSP usually vest three years from grant, subject to satisfaction of service conditions. However, given the unprecedented circumstances brought about by COVID-19, and the decision of the Board not to recommend a final dividend for the year ended 31 December 2019, the proportion of the bonus that would normally have been paid in cash under the DBSP 2020 Award was deferred into shares (the 'Deferred Bonus proportion'). The Remuneration Committee has now approved the exercise of the Deferred Bonus proportion taking place prior to 20 April 2023. The proportion of the bonus that would normally be deferred into shares (25%) will continue as normal and will be released after three years.

All awards were increased to reflect the dividends paid during the restricted period.

The Notification of Dealing Form can be found below.

This announcement is made in accordance with the requirements of Article 19 of the UK Market Abuse Regulation 596/2014.

Lydia Harratt

Group Company Secretary

Zotefoams plc

020 8664 1600

About Zotefoams plc

Zotefoams plc (LSE - ZTF) is a world leader in cellular materials technology delivering optimal material solutions for the benefit of society. Utilising a variety of unique manufacturing processes, including environmentally friendly nitrogen expansion for lightweight AZOTE® polyolefin and ZOTEK® high-performance foams, Zotefoams sells to diverse markets worldwide. Zotefoams uses its own cellular materials to manufacture T-FIT® advanced insulation for demanding industrial markets. Zotefoams also owns and licenses patented microcellular foam technology to reduce plastic use in extrusion applications and for ReZorce® mono-material recyclable barrier packaging.

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

www.zotefoams.com

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

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 Burns 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 sale of shares under the Long-Term Incentive Plan and the Deferred Bonus Share Plan

c)

Price(s) and volume(s):

Volume	Price
86,314	£4.77

d)

Aggregated information:

Aggregate Price	Aggregate Volume	Aggregate Total
£4.77	86,314	£411,717.78

e)

Date of the transaction: 8 June 2021

f)

Place of the transaction: XLON

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name: Gary Christopher 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 sale of shares for tax under the Long-Term Incentive Plan and the Deferred Bonus Share Plan

c)

Price(s) and volume(s):

Volume	Price
15,616	£4.77

d)

Aggregated information:

Aggregate Price	Aggregate Volume	Aggregate Total
£4.77	15,616	£74,488.32

e)

Date of the transaction: 8 June 2021

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 of shares under the Long-Term Incentive Plan and the Deferred Bonus Share Plan

c)

Price(s) and volume(s):

Volume	Price
17,537	£4.77

d)

Aggregated information:

Aggregate Price	Aggregate Volume	Aggregate Total
£4.77	17,537	£83,651.49

e)

Date of the transaction: 8 June 2021

f)

Place of the transaction: XLON

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name: Karl David Hewson

2.

Reason for the notification

a)

Position/status: Senior Executive

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 sale of shares for tax under the Long-Term Incentive Plan and the Deferred Bonus Share Plan

c)

Price(s) and volume(s):

Volume	Price
17,308	£4.77

d)

Aggregated information:

Aggregate Price	Aggregate Volume	Aggregate Total
£4.77	17,308	£82,559.16

e)

Date of the transaction: 8 June 2021

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 of shares under the Long-Term Incentive Plan and the Deferred Bonus Share Plan

c)

Price(s) and volume(s):

Volume	Price
19,439	£4.77

d)

Aggregated information:

Aggregate Price	Aggregate Volume	Aggregate Total
£4.77	19,439	£92,724.03

e)

Date of the transaction: 8 June 2021

f)

Place of the transaction: XLON

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name: Hugh De Riemer Morgan

2.

Reason for the notification

a)

Position/status: Senior Executive

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 sale of shares for tax under the Long-Term Incentive Plan and the Deferred Bonus Share Plan

c)

Price(s) and volume(s):

Volume	Price
10,941	£4.77

d)

Aggregated information:

Aggregate Price	Aggregate Volume	Aggregate Total
£4.77	10,941	£52,188.57

e)

Date of the transaction: 8 June 2021

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 of shares under the Long-Term Incentive Plan and the Deferred Bonus Share Plan

c)

Price(s) and volume(s):

Volume	Price
12,287	£4.77

d)

Aggregated information:

Aggregate Price	Aggregate Volume	Aggregate Total
£4.77	12,287	£58,608.99

e)

Date of the transaction: 8 June 2021

f)

Place of the transaction: XLON

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name: Daniel Bryan Catalano

2.

Reason for the notification

a)

Position/status: Senior Executive

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 sale of shares under the Long-Term Incentive Plan and the Deferred Bonus Share Plan

c)

Price(s) and volume(s):

Volume	Price
35,622	£4.77

d)

Aggregated information:

Aggregate Price	Aggregate Volume	Aggregate Total
£4.77	35,622	£169,916.94

e)

Date of the transaction: 8 June 2021

f)

Place of the transaction: XLON

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