ZOTEFOAMS PLC
On 4 April 2015, the Executive Directors listed below became absolutely entitled to Ordinary Shares of 5p ('Shares') each in the capital of the Company, as a result of awards vesting under the Zotefoams 2007 Long Term Incentive Plan ('LTIP').
Awards granted under the LTIP vest subject to the satisfaction of performance targets at the end of a three year period. The level of vesting for awards granted in
2012 was 66.0%, which was then increased to reflect the dividends paid during the performance period.
Director | No. of LTIP Shares released to Director | No. of Shares sold to meet tax liability | Sale price (£) | Balance of Shares retained by Director |
DB Stirling | 35,413 | 16,678 | £2.959 | 18,735 |
CG Hurst | 24,560 | 11,567 | £2.959 | 12,993 |
In addition, on 7 April 2015, Mr Hurst exercised his option under the Company's
Executive Share Option Scheme over 115,909 Shares.
Director | Shares released to Director on exercise of the option | Exercise price per share | No. of Shares sold to meet exercise cost and tax and NI liability | Sale price per share | Balance of Shares retained by Director |
CG Hurst | 115,909 | 77.0p | 77,753 | £2.959 | 38,156 |
Following the above-mentioned transactions, which all took place on 10 April 2015, Mr Stirling and Mr Hurst are beneficially interested in the following number of Shares:
Director | Number of Shares | Percentage of issued Share Capital |
DB Stirling | 353,968 | 0.81% |
CG Hurst | 343,707 | 0.78% |
James Kindell Company Secretary Zotefoams plc
13 April 2015
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