Director/PDMR Shareholding

RNS Number : 1911X

Chemring Group PLC

17 December 2019

 

17 December 2019

Chemring Group PLC

Grant of performance share plan award

Chemring Group PLC ("Chemring" or "the Company") announces that it has today granted a conditional award over 307,142 1p ordinary shares in the capital of the Company to Michael Ord, a director of the Company, under the Chemring Group Performance Share Plan 2016. No consideration was paid for the grant of the award and no consideration is due on vesting of the award. The award will ordinarily vest on the third anniversary of grant subject to the grantee's continued service and to the extent performance conditions are satisfied. Any shares which vest, post-tax, will be subject to an additional two-year holding period.

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
a)	Name	Michael Ord
2	Reason for the notification
a)	Position/status	Director/PDMR
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Chemring Group PLC
b)	LEI	213800U9A54VQJ5P2J41
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	Conditional award over 1p ordinary shares GB00B45C9X44
b)	Nature of the transaction	Condtional award under the Chemring Group Performance Share Plan 2016
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 307,142
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	17 December 2019
f)	Place of the transaction	UK

For further information:

Chemring Group PLC
Sarah Ellard	Group Legal Director	[phone]

 

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