Last checked at 27 Nov 2014 16:50
27 November 2014
Chamberlin plc
("Chamberlin" or the "Company")
Directors' shareholdings
Chamberlin plc (CMH.L), the specialist castings and engineering group, has announced that the Board yesterday granted share options to the Executive Directors under the Chamberlin Share Option Plan (the "CSOP") at the direction of the Board's Remuneration Committee.
The Directors have been granted the following options:
Director | Number of options awarded | Exerciseprice |
Kevin Nolan | 362,195 | 97.65p |
David Roberts | 237,805 | 97.65p |
The share options will vest on three equal tranches on each of the third, fourth and fifth anniversaries of the date of grant, subject to satisfaction of certain performance conditions and provided the participant remains employed on the relevant date of exercise. To the extent that the option or any part of it vests, it remains exercisable until 25 November 2024.
Following the grant of these options, the Executive Directors' interests in the Company comprise:
Director | Ordinary shares | Percentageof issuedshare capital | Share Options | Percentage of issuedshare capital |
Kevin Nolan | - | - | 541,835 | 6.81% |
David Roberts | 5,000 | 0.06% | 362,555 | 4.56% |
For further information, please contact:
Chamberlin plc Kevin Nolan, Chief Executive David Roberts, Finance Director | T: 01922 707100 |
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Charles Stanley Securities (Nominated Adviser an Broker) Russell Cook / Carl Holmes | T: 020 7149 6000 |
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KTZ Communications (Financial PR) Katie Tzouliadis / Deborah Walter | T: 020 3178 6378 |