Grant of Options

RNS Number : 9033R

Chamberlin PLC

19 June 2018

 

AIM: CMH

19 June 2018

Chamberlin plc

("Chamberlin", the "Company" or the "Group")

Grant of Options

Chamberlin announces that, on 19 June 2018, Kevin Nolan, Chief Executive, and David Roberts, Finance Director, were respectively granted options over 216,616 and 149,390 ordinary shares of 25 pence in the Company ("Ordinary Shares"), under the Company's Performance Share Plan. Full details of this grant of options can be found in the table below.

Following this, the respective interests of Mr Nolan and Mr Roberts in the share capital of the Company total 423,979 and 292,027 Ordinary Shares.  In addition, Mr Roberts has a beneficial interest in a further 5,000 Ordinary Shares.

The Company has amended the terms of the options over 350,000 Ordinary Shares granted in December 2016, increasing the option price to 25p from nil.  All other aspects of the December 2016 grant remain unchanged. 

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 options by the Company under the Company's Share Option Plan.  Subject to a performance condition and continued service, normally vests after 3 years. The performance condition is based on the Company's Shareholder Return at the end of the performance period, with 25% of the total award vesting at a Shareholder Return of 23% and 100% of the total award vesting at a Shareholder Return of 72%. If the Shareholder Return is between 23% and 72% at the end of the performance period, then the number options that vest shall be calculated on a straight line basis between 25% and 100% of the entitlement.
c)	Price(s) and volume(s)	Price(s) Volume(s) 97.5p 216,616
d)	Aggregated information -     Aggregated volume -     Price	N/A
e)	Date of the transaction	19 June 2018
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 options by the Company under the Company's Share Option Plan.  Subject to a performance condition and continued service, normally vests after 3 years. The performance condition is based on the Company's Shareholder Return at the end of the performance period, with 25% of the total award vesting at a Shareholder Return of 23% and 100% of the total award vesting at a Shareholder Return of 72%. If the Shareholder Return is between 23% and 72% at the end of the performance period, then the number options that vest shall be calculated on a straight line basis between 25% and 100% of the entitlement.
c)	Price(s) and volume(s)	Price(s) Volume(s) 97.5p 149,390
d)	Aggregated information -     Aggregated volume -     Price	N/A
e)	Date of the transaction	19 June 2018
f)	Place of the transaction	Outside a trading venue

Enquiries:     

Chamberlin plc (www.chamberlin.co.uk) Kevin Nolan, Chief Executive David Roberts, Finance Director		T: 01922 707100
Smith & Williamson Corporate Finance Limited (Nominated Adviser and Broker) Russell Cook, Katy Birkin		T: 020 7131 4000
KTZ Communications (Financial PR) Katie Tzouliadis, Emma Pearson		T: 020 3178 6378

 

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