Norcros plc
("Norcros", the "Group" or "the Company")
19 December 2025
Employee SAYE awards and director share dealing
Norcros announces that the Company has today been notified of the following share option grant to a Director of the Company under the Group's Save as You Earn ("SAYE") scheme. The SAYE scheme is approved in the UK by HM Revenue and Customs and has an unapproved section for certain non-UK employees.
Pursuant to the SAYE scheme, certain employees have chosen to participate resulting in them today being granted options to subscribe for up to 199,985 in aggregate ordinary shares of ten pence each in the capital of the Company ("SAYE Options") at a price of 258p per share.
Pursuant to these all-employee SAYE scheme awards, Thomas Willcocks, the Company's Chief Executive Officer, has received 7,073 SAYE Options.
Subject to certain conditions being satisfied, the entitlement to subscribe for shares resulting from the SAYE Options will arise in 2029 at the end of the three-year SAYE scheme savings contract period. Participants who choose to exercise their entitlements pursuant to the rules of the SAYE scheme will meet the obligation to pay for the resultant shares out of funds they have paid into the SAYE scheme prior to such exercise. Participants in the SAYE scheme may opt to withdraw from the SAYE scheme, recovering paid-in funds, prior to that time.
Further enquiries:
| Norcros plc |
Tel: 01625 547700 |
| Thomas Willcocks, Chief Executive Officer |
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| James Eyre, Chief Financial Officer |
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| Hudson Sandler (Norcros Financial PR) |
Tel: 0207 796 4133 |
| Nick Lyon |
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Notes to Editors
Norcros is a market-leading group of brands specialising in design led, sustainable bathroom and kitchen products across the UK, Ireland, Scandinavia, South Africa, and select export markets. Each of our brands offers mid-premium product ranges distinguished by their innovation, design, and commitment to sustainability, all backed by industry leading service to our trade and retail customers.
Through a strategic blend of acquisitions and organic growth, Norcros has become the UK and Ireland's number one bathroom products group. We see significant potential for further expansion within this large and fragmented market, accelerating growth and capturing market share through continued acquisitions, organic development, operational excellence, and meaningful ESG capabilities.
Norcros encompasses the renowned brands: Triton, Merlyn, Grant Westfield, Vado, Croydex, and Abode in the UK and Ireland, Fibo in Norway and Tile Africa, TAL, and House of Plumbing in South Africa.
Norcros is headquartered in Wilmslow, Cheshire and employs around 2,100 people. The Company is listed on the London Stock Exchange. For further information please visit the Company website: www.norcros.com