Last checked at 13 Feb 2012 15:39
13 February 2012
Chamberlin plc
("Chamberlin" or "the Company")
Directors' Shareholdings
Chamberlin plc (CMH.L), the specialist castings and engineering group, was notified on 6 February 2012 that directors Tim Hair and Mark Bache have exercised options granted under the Chamberlin Employee Benefit Trust (the "EBT") over a total of 141,508 Chamberlin ordinary shares representing 1.8% of the total voting rights of the Company (the "New Ordinary Shares").
The Remuneration Committee has determined that, under the performance criteria relating to the vesting of options due to Tim Hair and Mark Bache under the EBT, 76.9% of the options granted should now vest. Accordingly the following options have now vested and been exercised:
EBT Options vesting | Options to be exercised | Total shares under option | Total shareholding following exercise of options | Shareholding as % of issued share capital | |
Tim Hair | 101,508 | 101,508 | 760,519 | 134,508 | 1.72% |
Mark Bache | 73,824 | 40,000 | 350,259 | 55,000 | 0.70% |
The New Ordinary Shares issued under the EBT have a nil exercise price. Both Tim Hair and Mark Bache intend to meet the tax arising from the exercise of the options from their own resources and have no present intention of selling any of the shares issued.
Application has been made for the New Ordinary Shares to be admitted to trading on AIM and it is expected that admission will take place on 17 February 2012. The New Ordinary Shares will rank pari passu with the existing shares of the Company. Following this allotment the total issued share capital of the Company will increase to 7,949,536 ordinary shares.
For further information, please contact:
Chamberlin plc | T: 01922 707100 | |
Tim Hair, Chief Executive | ||
Mark Bache, Finance Director | ||
Charles Stanley Securities Nominated Adviser | T: 020 7149 6000 | |
Russell Cook / Luke Webster | ||
Biddicks | T: 020 7448 1000 | |
Katie Tzouliadis / Sophie McNulty |