Zotefoams executives acquire shares under incentive plan

Published 14/04/2025, 15:04
Zotefoams executives acquire shares under incentive plan

LONDON - Zotefoams plc (LSE:ZTF), a leader in cellular materials technology, has disclosed transactions by two key executives under its Share Incentive Plan (SIP). On Monday, the company reported that Group CEO Ronan Michael Cox and Group CFO Gary Christopher McGrath each purchased 60 ordinary shares at £2.504 per share on April 11, 2025, and were awarded an additional 15 matching shares for no extra cost.

The SIP is designed to align the interests of the executives with those of the shareholders, incentivizing the management team through share ownership. These transactions have been conducted in accordance with the UK Market Abuse Regulation, ensuring transparency and compliance with market rules.

The shares were acquired through the London Stock Exchange (LON:LSEG) (XLON), with the SIP Trustee, MUFG Corporate Markets Trustees (UK) Limited, overseeing the process. The notification of these dealings was made as an initial notification, meaning it is the first time these transactions are being reported.

Zotefoams, headquartered in Croydon, UK, has a reputation for its innovative approach to materials technology, including its environmentally friendly nitrogen expansion techniques. The company’s product portfolio includes AZOTE® polyolefin foams, ZOTEK® high-performance foams, T-FIT® advanced insulation, and ReZorce® mono-material recyclable barrier packaging. With manufacturing sites across the United States, Poland, and China, Zotefoams caters to a global market.

The company’s commitment to sustainability and innovation is reflected in its patented technologies and products that aim to provide solutions for a wide range of industrial applications. This recent share acquisition by company executives is a testament to their belief in the company’s future and its continued success in the materials technology sector.

This announcement is based on a press release statement and provides shareholders and potential investors with important information regarding the company’s executive share ownership.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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