LONDON - Zotefoams plc (LSE:ZTF), a leader in cellular materials technology, reported transactions involving its Directors and Persons Discharging Managerial Responsibilities (PDMR) under the company's Share Incentive Plan. On Wednesday, two senior executives acquired ordinary shares of 5 pence each and were awarded additional matching shares at no cost.
The company's Group CEO, Ronan Michael Cox, purchased 43 partnership shares at a price of £3.426 each and was allocated 11 matching shares. Similarly, Group CFO Gary Christopher McGrath bought 44 partnership shares at the same price and received 11 matching shares. These transactions took place on the London Stock Exchange (LON:LSEG).
Zotefoams' Share Incentive Plan is designed to align the interests of the company's executives with those of its shareholders. The plan encourages long-term investment by providing matching shares alongside purchased shares.
The company, known for its environmentally friendly nitrogen expansion process, provides a range of products including AZOTE® polyolefin foams, ZOTEK® high-performance foams, and T-FIT® advanced insulation. With a global presence, Zotefoams operates manufacturing sites across the UK, USA, Poland, and China.
This announcement complies with the UK Market Abuse Regulation, ensuring transparency in the dealings of Zotefoams' executives. The company has affirmed its commitment to delivering material solutions that address societal needs while maintaining sustainable practices.
The information regarding the share transactions is based on a press release statement issued by Zotefoams plc.
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