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RNS
Chemring Group

Chemring Group PLC - Director/PDMR Shareholding

RNS Number : 8607T
Chemring Group PLC
25 March 2019
 

25 March 2019

 

Chemring Group PLC

 

Grant of performance share plan award

 

 

Chemring Group PLC ("Chemring" or "the Company") announces that on 22 March 2019 it granted a conditional award over 421,568 1p ordinary shares in the capital of the Company to Michael Ord, a director of the Company, under the Chemring Group Performance Share Plan 2016. No consideration was paid for the grant of the award and no consideration is due on vesting of the award. The award will ordinarily vest on the third anniversary of grant subject to the grantee's continued service and to the extent performance conditions are satisfied. Any shares which vest, post-tax, will be subject to an additional two-year holding period.

 

 

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

 

 

 

 Michael Ord

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

 

 

Conditional award over 1p ordinary shares

 

 

 

GB00B45C9X44

b)

 

Nature of the transaction

 

 

Condtional award under the Chemring Group Performance Share Plan 2016

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

 

Nil

 

421,568

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

N/A

 

 

 

 

 

 

 

e)

 

Date of the transaction

 

 

22 March 2019

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 rns@lseg.com or visit www.rns.com.
 
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