Director dealings: Chemring CEO makes share sale

(Sharecast News) - Chemring Group revealed on Tuesday that chief executive Michael Ord had disposed of 165,284 ordinary shares in the FTSE 250-listed aerospace, defence and security products firm.
Ord, who took over as CEO in 2018, sold the shares on Friday at an average price of 282.0p each, for a total value of £466,100.87.

Back in June, Chemring posted a rise in interim profit and revenue as it announced the acquisition of Cubica Group, a Surrey-based research and development company.

In the six months to 30 April, underlying pre-tax profit increased 12% to £27.2m on revenue of £198.5m, up 4% on the same period a year ago. The company declared an interim dividend per share of 1.6p, up 23%.

Chemring said the results were in line with expectations, "reflecting continued strong performance in both segments, despite FX translation headwind caused by the weakening US dollar".

As of 1620 BST, Chemring shares were up 0.18% at 282.50p.

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Top Director Sells

Chemring Group (CHG)
Director name: Ord,Michael
Amount sold: 165,284 @ 282.00p
Value: £466,100.87

Chemring