Last checked at 25 Mar 2019 08:47
25 March 2019
Â
Chemring Group PLC
Â
Grant of performance share plan award
Â
Â
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.
Â
Â
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
Â
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) Â | LEI Â Â | 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) Â | Price(s) and volume(s) Â Â | Â
  | ||||
d)  | Aggregated information   - Aggregated volume   - Price   | N/A        | ||||
e)  | Date of the transaction   | 22 March 2019 | ||||
f)  | Place of the transaction   | UK | ||||
Â
Â
For further information:
Â
Chemring Group PLC | ||
Sarah Ellard | Group Legal Director | +44 (0)1794 833 901 |
Â