Business
Director Dealings - APSP Share Option Awards
Director Dealings - APSP Share Option Awards.
About this update from Norcros Plc
[{"type":"text","content":"\n\nNorcros plc (\"Norcros\" or \"the Company\")\nDirector Dealings - APSP Share Option Awards\n \nDirector/PDMR Shareholding\nNorcros 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.\nThe notification below, made in accordance with the requirements of the Market Abuse Regulation (\"MAR\"), provides further details.\nAPSP Share Option Awards\nThe 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\"). \nUnder 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.\nThe 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.\n\n\n\n\nName\n\n\nNumber of Ordinary Shares subject to the APSP Award\n\n\n\n\nThomas Willcocks (CEO)\n\n\n217,454\n\n\n\n\nJames Eyre (CFO)\n\n\n158,476\n\n\n\n\n \nMAR Notification\nNotification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.\n\n\n\n\n1\n\n\nDetails of the person discharging managerial responsibilities / person closely associated\n\n\n\n\na)\n\n\nName\n\n\nThomas Willcocks\n\n\n\n\n2\n\n\nReason for the notification\n\n\n\n\na)\n\n\nPosition/status\n\n\nChief Executive Officer\n\n\n\n\nb)\n\n\nInitial notification /Amendment\n\n\nInitial notification\n\n\n\n\n3\n\n\nDetails of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor\n\n\n\n\na)\n\n\nName\n\n\nNorcros plc\n\n\n\n\nb)\n\n\nLEI\n\n\n213800EIMJZZA1GBIE18\n\n\n\n\n4 A\n \n\n\nDetails 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 ...