Director/PDMR Shareholding

RNS Number : 2836S

Chamberlin PLC

19 December 2016

 



 

Chamberlin plc

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them (in accordance with the Market Abuse Regulation)

Walsall, UK, 19 December 2016: Chamberlin plc (LSE: CMH; "Chamberlin" or "the Company") confirms that on 19 December 2016, the following Persons Discharging Managerial Responsibility ("PDMR") were granted nil cost options by the Company over ordinary shares of 25 pence each in Chamberlin plc under the Company's Performance Share Plan, as set out below:

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 nil cost options by the Company under the Company's Performance Share Plan.  Subject to a performance condition and continued service, normally vests after 3 years. The performance condition is based on the Company's share price at the end of the performance period, with 20% of the total award vesting at a price of 80 pence per share and 100% of the total award vesting at a price of 120 pence per share. If the share price is between 80 pence and 120 pence at the end of the performance period, then the number options that vest shall be calculated on a straight line basis between 20% and 100% of the entitlement, with no options vesting if the price is less than 80 pence per share.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 207,363
d)	Aggregated information -Aggregated volume - Price	N/A
e)	Date of the transaction	19 December 2016
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 nil cost options by the Company under the Company's Performance Share Plan.  Subject to a performance condition and continued service, normally vests after 3 years. The performance condition is based on the Company's share price at the end of the performance period, with 20% of the total award vesting at a price of 80 pence per share and 100% of the total award vesting at a price of 120 pence per share. If the share price is between 80 pence and 120 pence at the end of the performance period, then the number options that vest shall be calculated on a straight line basis between 20% and 100% of the entitlement, with no options vesting if the price is less than 80 pence per share.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 142,637
d)	Aggregated information -     Aggregated volume -     Price	N/A
e)	Date of the transaction	19 December 2016
f)	Place of the transaction	Outside a trading venue

Following the above transactions, Mr Nolan's and Mr Roberts' respective interests are in 569,558 options and 380,442 options granted over ordinary shares of 25 pence each in the Company.

Enquiries:                  

Chamberlin plc   Kevin Nolan, Chief Executive   David Roberts, Finance Director		T: 01922 707100

 

END

 

 

DSHTLBFTMBJBBBF