Last checked at 25 Mar 2020 12:57
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)
|
| ||||
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)
|
| ||||
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 |