3rd Sep 2014 13:32
LONDON (Alliance News) - Norcros PLC Wednesday said Chief Executive Nick Kelsall and Finance Director Martin Payne exercised options under the company share plan.
Name | Number of Shares acquired from options exercised |
Nick Kelsall | 2,122,449 |
Martin Payne | 1,469,388 |
Kelsall and Payne sold 968,075 and 661,137 shares, respectively, at 16.5 pence each for tax purposes.
In a separate transaction Kelsall sold 1.2 million shares and Payne sold 404,702 shares at the same price.
Payne also transferred for nil consideration 403,549 shares to his spouse.
Kelsall now holds 7.9 million shares and Payne holds 803,549 shares.
Shares were trading down 5.7% at 16.50 pence per share Wednesday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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