Last checked at 14 May 2021 07:00
14 May 2021
Chamberlin plc
("Chamberlin", the "Company" or the "Group")
Grant of Share Options
Chamberlin plc (AIM: CMH.L), the specialist castings and engineering group, announces that upon the recommendation of the Chamberlin Remuneration Committee and following consultation with certain of the Company's major shareholders, on 13 May 2021, the Company granted share options over a total of 3,581,314 ordinary shares of 0.1p each in the Company ("New Share Options") under the Company's existing share option plan, the Chamberlin Performance Share Plan (the "Plan"). The Plan is intended to promote long term shareholdings by certain directors and senior management, aligning their interests with other shareholders.
The New Share Options have been granted to the following directors and persons discharging managerial responsibilities ("PDMRs"):
| Number of Ordinary Shares held | Existing share options held | New Share Options granted | Total share optionsheld | Total share options as % of issued share capital |
Director/PDMR |
|
|
|
|
|
Kevin Nolan | - | 216,616 | 666,666 | 832,282 | 1.27% |
Kevin Price | - | - | 666,666 | 666,666 | 0.96% |
Alan Tomlinson | - | - | 555,000 | 555,000 | 0.80% |
Tony Glasscoe | - | - | 526,900 | 526,900 | 0.76% |
Carl Darby | - | - | 416,666 | 416,666 | 0.60% |
James Greaves | - | - | 416,083 | 416,083 | 0.60% |
Rob Heyworth | - | - | 333,333 | 333,333 | 0.48% |
In summary, the principal terms of the New Share Options are as follows:
· the New Share Options are granted with an exercise price of 6.0 pence per share, being the placing price of the share placing announced on 26 March 2021;
· it is intended that the New Share Options qualify as enterprise management incentive share options pursuant to Schedule 5 to the Income Tax (Earnings and Pensions) Act 2003;
· the New Options will vest, subject to the rules of the Plan, on the third anniversary of the date of grant;
· the vesting of the New Share Options is conditional on the relevant PDMR's continued service (unless the PDMR becomes a "good leaver" in accordance with the rules of the Plan); and
· to the extent they vest, the New Share Options will be exercisable until the tenth anniversary of the date of grant.
Following the above grants, the Company has a total of 3,797,930 new Ordinary Shares currently under option, representing approximately 5.5 per cent of the Company's issued share capital.
The notifications below, made in accordance with the requirements of the UK Market Abuse Regulation, provide further detail.
Enquiries:
Chamberlin plc Keith Butler-Wheelhouse, Chairman
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| T: 01922 707100
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Cenkos Securities plc (Nominated Adviser and Joint Broker) Russell Cook Katy Birkin
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| T: 020 7397 8900 |
Peterhouse Capital Limited (Joint Broker) Heena Karani Duncan Vasey |
| T: 020 7469 0930 |
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
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a) | Name | Kevin Nolan
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2 | Reason for the notification
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a) | Position/status | Director
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b) | Initial notification/Amendment | Initial Notification
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3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Chamberlin plc
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b) | LEI | 213800OS2SK73PPFO761
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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
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a) | Description of the financial instrument, type of instrument | Options over ordinary shares of 0.1 pence each
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| Identification code | GB0001870228
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b) | Nature of the transaction | Grant of options over ordinary shares of 0.1 pence each
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c) | Price(s) and volumes(s) | Price(s) | Volume(s)
|
Nil | 666,666
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d) | Aggregated information | N/A (single transaction)
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| Aggregated volume | N/A (single transaction)
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| Price | N/A (single transaction)
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e) | Date of the transaction | 13 May 2021
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f) | Place of the transaction | XOFF
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1 | Details of the person discharging managerial responsibilities / person closely associated
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a) | Name | Kevin Price
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2 | Reason for the notification
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a) | Position/status | PDMR
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b) | Initial notification/Amendment | Initial Notification
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3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Chamberlin plc
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b) | LEI | 213800OS2SK73PPFO761
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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 | Options over ordinary shares of 0.1 pence each
| |
| Identification code | GB0001870228
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b) | Nature of the transaction | Grant of options over ordinary shares of 0.1 pence each
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c) | Price(s) and volumes(s) | Price(s) | Volume(s)
|
Nil | 666,666
| ||
d) | Aggregated information | N/A (single transaction)
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| Aggregated volume | N/A (single transaction)
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| Price | N/A (single transaction)
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e) | Date of the transaction | 13 May 2021
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f) | Place of the transaction | XOFF
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1 | Details of the person discharging managerial responsibilities / person closely associated
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a) | Name | Alan Tomlinson
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2 | Reason for the notification
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a) | Position/status | PDMR
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b) | Initial notification/Amendment | Initial Notification
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3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Chamberlin plc
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b) | LEI | 213800OS2SK73PPFO761
| |
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 | Options over ordinary shares of 0.1 pence each
| |
| Identification code | GB0001870228
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b) | Nature of the transaction | Grant of options over ordinary shares of 0.1 pence each
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c) | Price(s) and volumes(s) | Price(s) | Volume(s)
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Nil | 555,000
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d) | Aggregated information | N/A (single transaction)
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| Aggregated volume | N/A (single transaction)
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| Price | N/A (single transaction)
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e) | Date of the transaction | 13 May 2021
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f) | Place of the transaction | XOFF
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1 | Details of the person discharging managerial responsibilities / person closely associated
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a) | Name | Tony Glasscoe
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2 | Reason for the notification
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a) | Position/status | PDMR
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b) | Initial notification/Amendment | Initial Notification
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3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Chamberlin plc
| |
b) | LEI | 213800OS2SK73PPFO761
| |
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 | Options over ordinary shares of 0.1 pence each
| |
| Identification code | GB0001870228
| |
b) | Nature of the transaction | Grant of options over ordinary shares of 0.1 pence each
| |
c) | Price(s) and volumes(s) | Price(s) | Volume(s)
|
Nil | 526,900
| ||
d) | Aggregated information | N/A (single transaction)
| |
| Aggregated volume | N/A (single transaction)
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| Price | N/A (single transaction)
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e) | Date of the transaction | 13 May 2021
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f) | Place of the transaction | XOFF
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1 | Details of the person discharging managerial responsibilities / person closely associated
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a) | Name | Carl Darby
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2 | Reason for the notification
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a) | Position/status | PDMR
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b) | Initial notification/Amendment | Initial Notification
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3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Chamberlin plc
| |
b) | LEI | 213800OS2SK73PPFO761
| |
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 | Options over ordinary shares of 0.1 pence each
| |
| Identification code | GB0001870228
| |
b) | Nature of the transaction | Grant of options over ordinary shares of 0.1 pence each
| |
c) | Price(s) and volumes(s) | Price(s) | Volume(s)
|
Nil | 416,666
| ||
d) | Aggregated information | N/A (single transaction)
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| Aggregated volume | N/A (single transaction)
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| Price | N/A (single transaction)
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e) | Date of the transaction | 13 May 2021
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f) | Place of the transaction | XOFF
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1 | Details of the person discharging managerial responsibilities / person closely associated
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a) | Name | James Greaves
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2 | Reason for the notification
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a) | Position/status | PDMR
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b) | Initial notification/Amendment | Initial Notification
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3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Chamberlin plc
| |
b) | LEI | 213800OS2SK73PPFO761
| |
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 | Options over ordinary shares of 0.1 pence each
| |
| Identification code | GB0001870228
| |
b) | Nature of the transaction | Grant of options over ordinary shares of 0.1 pence each
| |
c) | Price(s) and volumes(s) | Price(s) | Volume(s)
|
Nil | 416,083
| ||
d) | Aggregated information | N/A (single transaction)
| |
| Aggregated volume | N/A (single transaction)
| |
| Price | N/A (single transaction)
| |
e) | Date of the transaction | 13 May 2021
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f) | Place of the transaction | XOFF
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1 | Details of the person discharging managerial responsibilities / person closely associated
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a) | Name | Rob Heyworth
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2 | Reason for the notification
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a) | Position/status | PDMR
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b) | Initial notification/Amendment | Initial Notification
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3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Chamberlin plc
| |
b) | LEI | 213800OS2SK73PPFO761
| |
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 | Options over ordinary shares of 0.1 pence each
| |
| Identification code | GB0001870228
| |
b) | Nature of the transaction | Grant of options over ordinary shares of 0.1 pence each
| |
c) | Price(s) and volumes(s) | Price(s) | Volume(s)
|
Nil | 333,333
| ||
d) | Aggregated information | N/A (single transaction)
| |
| Aggregated volume | N/A (single transaction)
| |
| Price | N/A (single transaction)
| |
e) | Date of the transaction | 13 May 2021
| |
f) | Place of the transaction | XOFF
| |