Director/PDMR Shareholding

RNS Number : 7219V

Chesnara PLC

07 November 2017

 

CHESNARA PLC

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility ('PDMRs')

Chesnara plc (the 'Company') today announces that, on 3 November 2017, David Rimmington, Chief Finance Officer, received 26,944 shares as a result of the vesting of the award made on 28 May 2014 under the 2014 Chesnara Long Term Incentive scheme ('LTI').   15,011 shares were sold to cover liability to tax and national insurance contributions arising on vesting, with the balance being retained.

The following notification, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	David Rimmington
2	Reason for the notification
a)	Position/status	Chief Finance Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Chesnara plc
b)	LEI	213800VFRMBRTSZ3SJ06
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 and identification code	Chesnara plc Ordinary shares of 5 pence each (Shares) with voting rights attached. ID Code: (GB00B00FPT80)
b)	Nature of the transaction	1.     26,944 Shares acquired from the vesting of the conditional awards on 28 May 2017 under the 2014 Long Term Incentive scheme 2.     Sale of TBC Shares to cover the tax and social security. The balance of 11,933 Shares retained.
c)	Price(s) and volume(s)	1.     Price: Nil  Volume acquired: 26,944      2.     Price: £3.875   Volume sold: 15,011                Total £57,885.04
d)	Aggregated information	N/A
e)	Date of the transaction	6 November 2017
f)	Place of the transaction	London Stock Exchange (XLON)

 

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