Director/PDMR Shareholding

RNS Number : 5802H

Chemring Group PLC

25 March 2020

 

25 March 2020

Chemring Group PLC

Vesting of performance share plan awards

Chemring Group PLC ("Chemring" or "the Company") announces that on 24 March 2020 69.95% of the awards granted to Andrew Lewis and Sarah Ellard, directors of the Company, on 24 March 2017 under the Chemring Group Performance Share Plan (the "2017 Awards") vested. Further details on the basis for vesting of the 2017 Awards were disclosed in the Company's 2019 Annual Report.  

The following table details the transactions relating to the vesting of the 2017 Awards which were notified to the Company on 24 March 2020:

Director	Shares vested	Shares retained (after tax and national insurance liabilities settled)	Resultant beneficial interest in the Company's shares
Andrew Lewis	198,259	105,077	113,797
Sarah Ellard	127,516	67,583	136,403

The 2017 Awards which vested were satisfied by the transfer of shares for nil consideration from the Company's treasury shares holding.

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	Andrew Lewis
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	1p ordinary shares GB00B45C9X44
b)	Nature of the transaction	Vesting of performance share plan awards granted on 24 March 2017 and transfer of the net value of shares due (after satisfaction of tax and national insurance liabilities)
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 105,077
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	24 March 2020
f)	Place of the transaction	UK

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Sarah Ellard
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	1p ordinary shares GB00B45C9X44
b)	Nature of the transaction	Vesting of performance share plan awards granted on 24 March 2017 and transfer of the net value of shares due (after satisfaction of tax and national insurance liabilities)
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 67,583
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	24 March 2020
f)	Place of the transaction	UK

For further information:

Chemring Group PLC
Sarah Ellard	Group Legal Director	[phone]

 

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