Chesnara Regulatory News (CSN)

1.

Name of the issuer: CHESNARA PLC

2.

State whether the notification relates to (i) a

transaction notified in accordance with DTR 3.1.2 R,

3.

Name of person discharging managerial

responsibilities/director

JOHN DEANE

4.

State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person. N/A

5.

Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a nonbeneficial

interest 1

N/A

6.

Description of shares (including class), debentures or derivatives or financial instruments relating to shares

N/A

7.

Name of registered shareholders(s) and, if more than one, the number of shares held by each of them

N/A

8.

State the nature of the transaction

N/A

9.

Number of shares, debentures or financial

instruments relating to shares acquired

N/A

10.

Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

N/A

11.

Number of shares, debentures or financial

instruments relating to shares disposed

N/A

12.

Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)

N/A

13.

Price per share or value of transaction

N/A

14.

Date and place of transaction

N/A

15.

Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

16.

Date issuer informed of transaction

N/A

17.

Date of grant

28 APRIL 2016

18.

Period during which or date on which exercisable

GRANT 1

THE OPTION WILL BECOME EXERCISABLE ON 28 APRIL 2019 AND REMAIN EXERCISABLE UP TO AND INCLUDING 27 APRIL 2026 IF NOT EXERCISED BEFORE THAT DATE.

GRANT 2

SUBJECT TO THE ACHIEVEMENT OF THE PERFORMANCE TARGET, THE OPTION WILL BECOME EXERCISABLE ON 28 APRIL 2019 AND REMAIN EXERCISABLE UP TO AND INCLUDING 27 APRIL 2026 IF NOT EXERCISED BEFORE THAT DATE.

19.

Total amount paid (if any) for grant of the option - NIL

20.

Description of shares or debentures involved (class and number)

GRANT 1

26,575 ORDINARY SHARES OF 5P EACH

GRANT 2

133,017 ORDINARY SHARES OF 5P EACH

21.

Exercise price (if fixed at time of grant) or

indication that price is to be fixed at the time of exercise - NIL

22.

Total number of shares or debentures over which options held following notification

250,529 ORDINARY SHARES OF 5P EACH

23.

Any additional information

GRANT 1

GRANTED UNDER THE CHESNARA 2014 SHORT-TERM INCENTIVE SCHEME. THE OPTION IS NOT SUBJECT TO A PERFORMANCE TARGET.

GRANT 2

GRANTED UNDER THE CHESNARA 2014 LONG-TERM INCENTIVE SCHEME. THE OPTION IS SUBJECT TO A PERFORMANCE TARGET WHICH IS BASED ON 50% ON TSR, 50% ON EMBEDDED VALUE OF THE COMPANY OVER A PERIOD OF THREE FINANCIAL YEARS.

24.

Name of contact and telephone number for queries

ZOE KUBIAK +44 (0) 1772 972050

1.

Name of the issuer: CHESNARA PLC

2.

State whether the notification relates to (i) a

transaction notified in accordance with DTR 3.1.2 R,

3.

Name of person discharging managerial

responsibilities/director

DAVID RIMMINGTON

4.

State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person. N/A

5.

Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial

interest 1

N/A

6.

Description of shares (including class), debentures or derivatives or financial instruments relating to shares

N/A

7.

Name of registered shareholders(s) and, if more than one, the number of shares held by each of them

N/A

8.

State the nature of the transaction

N/A

9.

Number of shares, debentures or financial

instruments relating to shares acquired

N/A

10.

Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

N/A

11.

Number of shares, debentures or financial

instruments relating to shares disposed

N/A

12.

Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)

N/A

13.

Price per share or value of transaction

N/A

14.

Date and place of transaction

N/A

15.

Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage) N/A

16.

Date issuer informed of transaction

N/A

17.

Date of grant

28 APRIL 2016

18.

Period during which or date on which exercisable

GRANT 1

THE OPTION WILL BECOME EXERCISABLE ON 28 APRIL 2019 AND REMAIN EXERCISABLE UP TO AND INCLUDING 27 APRIL 2026 IF NOT EXERCISED BEFORE THAT DATE.

GRANT 2

SUBJECT TO THE ACHIEVEMENT OF THE PERFORMANCE TARGET, THE OPTION WILL BECOME EXERCISABLE ON 28 APRIL 2019 AND REMAIN EXERCISABLE UP TO AND INCLUDING 27 APRIL 2026 IF NOT EXERCISED BEFORE THAT DATE.

19.

Total amount paid (if any) for grant of the option - NIL

20.

Description of shares or debentures involved (class and number)

GRANT 1

15,434 ORDINARY SHARES OF 5P EACH

GRANT 2

71,259 ORDINARY SHARES OF 5P EACH

21.

Exercise price (if fixed at time of grant) or

indication that price is to be fixed at the time of exercise - NIL

22.

Total number of shares or debentures over which options held following notification

196,604 ORDINARY SHARES OF 5P EACH

23.

Any additional information

GRANT 1

GRANTED UNDER THE CHESNARA 2014 SHORT-TERM INCENTIVE SCHEME. THE OPTION IS NOT SUBJECT TO A PERFORMANCE TARGET.

GRANT 2

GRANTED UNDER THE CHESNARA 2014 LONG-TERM INCENTIVE SCHEME. THE OPTION IS SUBJECT TO A PERFORMANCE TARGET WHICH IS BASED ON 50% ON TSR, 50% ON EMBEDDED VALUE OF THE COMPANY OVER A PERIOD OF THREE FINANCIAL YEARS.

24.

Name of contact and telephone number for queries: ZOE KUBIAK +44 (0) 1772 972050

1.

Name of the issuer: CHESNARA PLC

2.

State whether the notification relates to (i) a

transaction notified in accordance with DTR 3.1.2 R,

3.

Name of person discharging managerial

responsibilities/director

FRANK HUGHES

4.

State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person. N/A

5.

Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial

interest 1

N/A

6.

Description of shares (including class), debentures or derivatives or financial instruments relating to shares

N/A

7.

Name of registered shareholders(s) and, if more than one, the number of shares held by each of them

N/A

8.

State the nature of the transaction

N/A

9.

Number of shares, debentures or financial

instruments relating to shares acquired

N/A

10.

Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

N/A

11.

Number of shares, debentures or financial

instruments relating to shares disposed

N/A

12.

Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)

N/A

13.

Price per share or value of transaction

N/A

14.

Date and place of transaction

N/A

15.

Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

16.

Date issuer informed of transaction

17.

Date of grant

28 APRIL 2016

18.

Period during which or date on which exercisable

GRANT 1

THE OPTION WILL BECOME EXERCISABLE ON 28 APRIL 2019 AND REMAIN EXERCISABLE UP TO AND INCLUDING 27 APRIL 2026 IF NOT EXERCISED BEFORE THAT DATE.

GRANT 2

SUBJECT TO THE ACHIEVEMENT OF THE PERFORMANCE TARGET, THE OPTION WILL BECOME EXERCISABLE ON 28 APRIL 2019 AND REMAIN EXERCISABLE UP TO AND INCLUDING 27 APRIL 2026 IF NOT EXERCISED BEFORE THAT DATE.

19.

Total amount paid (if any) for grant of the option - NIL

20.

Description of shares or debentures involved (class and number)

GRANT 1

14,027 ORDINARY SHARES OF 5P EACH

GRANT 2

50,364 ORDINARY SHARES OF 5P EACH

21.

Exercise price (if fixed at time of grant) or

indication that price is to be fixed at the time of exercise - NIL

22.

Total number of shares or debentures over which options held following notification

182,768 ORDINARY SHARES OF 5P EACH

23.

Any additional information

GRANT 1

GRANTED UNDER THE CHESNARA 2014 SHORT-TERM INCENTIVE SCHEME. THE OPTION IS NOT SUBJECT TO A PERFORMANCE TARGET.

GRANT 2

GRANTED UNDER THE CHESNARA 2014 LONG-TERM INCENTIVE SCHEME. THE OPTION IS SUBJECT TO A PERFORMANCE TARGET WHICH IS BASED ON 50% ON TSR, 50% ON EMBEDDED VALUE OF THE COMPANY OVER A PERIOD OF THREE FINANCIAL YEARS.

24.

Name of contact and telephone number for queries

ZOE KUBIAK +44 (0) 1772 972050

Name of authorised official of issuer responsible for making notification

Zoe Kubiak

Date of notification 28 April 2016

(1)

An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.

(2)

An issuer making a notification in respect of a derivative relating the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.

(3)

An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24.

(4)

An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.