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Chemring Group PLC - Director/PDMR Shareholding

RNS Number : 5802H
Chemring Group PLC
25 March 2020
 

25 March 2020

 

Chemring Group PLC

 

Vesting of performance share plan awards

 

 

Chemring Group PLC ("Chemring" or "the Company") announces that on 24 March 2020 69.95% of the awards granted to Andrew Lewis and Sarah Ellard, directors of the Company, on 24 March 2017 under the Chemring Group Performance Share Plan (the "2017 Awards") vested. Further details on the basis for vesting of the 2017 Awards were disclosed in the Company's 2019 Annual Report.  

 

The following table details the transactions relating to the vesting of the 2017 Awards which were notified to the Company on 24 March 2020:

 

Director

Shares vested

Shares retained (after tax and national insurance liabilities settled)

Resultant beneficial interest in the Company's shares

Andrew Lewis

198,259

105,077

113,797

Sarah Ellard

127,516

67,583

136,403

 

The 2017 Awards which vested were satisfied by the transfer of shares for nil consideration from the Company's treasury shares holding.

 

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

 

 Andrew Lewis

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Director/PDMR

b)

 

Initial notification /Amendment

 

 

Initial

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Chemring Group PLC

b)

 

LEI

 

 

213800U9A54VQJ5P2J41

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

 

1p ordinary shares

 

 

 

GB00B45C9X44

b)

 

Nature of the transaction

 

 

Vesting of performance share plan awards granted on 24 March 2017 and transfer of the net value of shares due (after satisfaction of tax and national insurance liabilities)

  

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

 

Nil

 

105,077

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

N/A

 

 

 

 

 

 

 

e)

 

Date of the transaction

 

 

24 March 2020

f)

 

Place of the transaction

 

 

UK

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

 

 Sarah Ellard

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Director/PDMR

b)

 

Initial notification /Amendment

 

 

Initial

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Chemring Group PLC

b)

 

LEI

 

 

213800U9A54VQJ5P2J41

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

 

1p ordinary shares

 

 

 

GB00B45C9X44

b)

 

Nature of the transaction

 

 

Vesting of performance share plan awards granted on 24 March 2017 and transfer of the net value of shares due (after satisfaction of tax and national insurance liabilities)

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

 

Nil

 

67,583

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

N/A

 

 

 

 

 

 

 

e)

 

Date of the transaction

 

 

24 March 2020

f)

 

Place of the transaction

 

 

UK

 

For further information:

Chemring Group PLC

 

Sarah Ellard

Group Legal Director

+44 (0)1794 833 901

     

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
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Quick facts: Chemring Group

Price: 241

Market: LSE
Market Cap: £679.35 m
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