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19 Dec 2016 17:01
Chamberlin plc
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them (in accordance with the Market Abuse Regulation)
Walsall, UK, 19 December 2016: Chamberlin plc (LSE: CMH; "Chamberlin" or "the Company") confirms that on 19 December 2016, the following Persons Discharging Managerial Responsibility ("PDMR") were granted nil cost options by the Company over ordinary shares of 25 pence each in Chamberlin plc under the Company's Performance Share Plan, as set out below:
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Kevin Nolan | ||||
2 | Reason for Notification | |||||
a) | Position/status | Chief Executive | ||||
b) | Initial notification/Amendment | Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Chamberlin plc | ||||
b) | LEI | 13800OS2SK73PPFO761 | ||||
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 | Ordinary Shares of 25 pence each in Chamberlin plc
GB0001870228 | ||||
b) | Nature of the transaction | Grant of nil cost options by the Company under the Company's Performance Share Plan. Subject to a performance condition and continued service, normally vests after 3 years. The performance condition is based on the Company's share price at the end of the performance period, with 20% of the total award vesting at a price of 80 pence per share and 100% of the total award vesting at a price of 120 pence per share. If the share price is between 80 pence and 120 pence at the end of the performance period, then the number options that vest shall be calculated on a straight line basis between 20% and 100% of the entitlement, with no options vesting if the price is less than 80 pence per share. | ||||
c) | Price(s) andvolume(s) |
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d) | Aggregated information -Aggregated volume - Price
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N/A
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e) | Date of the transaction | 19 December 2016 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | David Roberts | ||||
2 | Reason for Notification | |||||
a) | Position/status | Finance Director | ||||
b) | Initial notification/Amendment | Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Chamberlin plc | ||||
b) | LEI | 13800OS2SK73PPFO761 | ||||
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 | Ordinary Shares of 25 pence each in Chamberlin plc
GB0001870228 | ||||
b) | Nature of the transaction | Grant of nil cost options by the Company under the Company's Performance Share Plan. Subject to a performance condition and continued service, normally vests after 3 years. The performance condition is based on the Company's share price at the end of the performance period, with 20% of the total award vesting at a price of 80 pence per share and 100% of the total award vesting at a price of 120 pence per share. If the share price is between 80 pence and 120 pence at the end of the performance period, then the number options that vest shall be calculated on a straight line basis between 20% and 100% of the entitlement, with no options vesting if the price is less than 80 pence per share.
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c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price |
N/A
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e) | Date of the transaction | 19 December 2016 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
Following the above transactions, Mr Nolan's and Mr Roberts' respective interests are in 569,558 options and 380,442 options granted over ordinary shares of 25 pence each in the Company.
Enquiries:
Chamberlin plc Kevin Nolan, Chief Executive David Roberts, Finance Director | T: 01922 707100
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