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LONDON - Zotefoams plc (LSE:ZTF), a leader in cellular materials technology, disclosed transactions by its Directors and Persons Discharging Managerial Responsibilities (PDMR) in relation to its Share Incentive Plan (SIP). On Monday, the company reported that Group CEO Ronan Michael Cox and Group CFO Gary Christopher McGrath acquired partnership shares and were awarded matching shares at no cost.
The transactions, which took place on XLON, involved the purchase of ordinary shares of 5 pence each at £2.988 per share. Cox purchased 51 shares with an additional 13 matching shares allocated to him, while McGrath bought 50 shares and also received 13 matching shares. The SIP Trustee, MUFG Corporate Markets Trustees (UK) Limited, facilitated the acquisition and allocation of shares.
This announcement is in line with the UK Market Abuse Regulation requirements and provides transparency regarding the financial interests of Zotefoams’ top executives. The company’s portfolio includes AZOTE® polyolefin foams, ZOTEK® high-performance foams, T-FIT® advanced insulation, and ReZorce® recyclable barrier packaging.
Zotefoams operates globally with manufacturing sites in the UK, USA, Poland, and China, and is known for its environmentally friendly nitrogen expansion process and patented technologies. The information regarding the share transactions is based on a press release statement from Zotefoams plc.
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