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LONDON - Zotefoams plc (LSE:ZTF) disclosed on Tuesday that two of its executive directors have acquired additional shares through the company’s Share Incentive Plan (SIP).
According to a regulatory filing, Group CEO Ronan Michael Cox and Group CFO Gary Christopher McGrath each purchased 40 partnership shares at £3.70 per share on August 11. Both executives also received 10 matching shares each at no cost as part of the plan.
The transactions were executed on the London Stock Exchange (LON:LSEG), with the partnership shares purchased at market price while the matching shares were allocated for nil consideration.
The notification was made in accordance with Article 19 of the UK Market Abuse Regulation, as confirmed by Andrew Money, Company Secretary of Zotefoams.
Zotefoams, headquartered in Croydon, UK, specializes in supercritical fluid foam technology. The company manufactures lightweight AZOTE and ZOTEK high-performance foams using nitrogen expansion processes, and sells to markets across three verticals: Consumer & Lifestyle, Transport & Smart Technologies, and Construction & Other Industrial.
The company maintains additional manufacturing facilities in Kentucky and Oklahoma in the USA, Brzeg in Poland, and Jiangsu Province in China.
The information was disclosed in a press release statement from the company.
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