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Chemring Group PLC
Director's Dealing • Jan 19, 2021
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Director's Dealing
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National Storage Mechanism | Additional information 
RNS Number : 2150M
Chemring Group PLC
19 January 2021
19 January 2021
Chemring Group PLC
PDMR share dealing
Chemring Group PLC ("Chemring" or "the Company") announces that today an award over 265,791 ordinary 1p shares in the capital of the Company previously granted on 19 January 2018 under the Chemring Group Performance Share Plan to Andrew Lewis, a director of the Company, vested in full. Further details on the basis for vesting of the award was disclosed in the Company's 2020 Annual Report.
The award which vested was satisfied by the transfer of shares for nil consideration from the Company's treasury shares holding.
Following the vesting, 145,922 ordinary 1p shares have today been sold by Mr Lewis, of which 124,922 shares were sold to cover tax and national insurance liabilities arising on vesting. Following this transaction, Mr Lewis retains 249,272 ordinary 1p shares in the capital of the Company.
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
Conditional award over ordinary 1p shares
GB00B45C9X44
b)
Nature of the transaction
Vesting of performance share plan award granted on 19 January 2018
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 265,791 |
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
19 January 2021
f)
Place of the transaction
UK
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
Ordinary 1p shares
GB00B45C9X44
b)
Nature of the transaction
Sale of ordinary 1p shares following vesting of performance share plan award
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| 313p | 145,922 |
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
19 January 2021
f)
Place of the transaction
UK
For further information:
| Chemring Group PLC | ||
| Sarah Ellard | Group Legal Director | +44 (0)1794 833 901 |
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