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CHURCHILL CHINA PLC
Director's Dealing • Sep 17, 2020
7562_dirs_2020-09-17_f2ca4010-ac5d-4e83-a096-8d99a6d731b9.html
Director's Dealing
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National Storage Mechanism | Additional information 
RNS Number : 3517Z
Churchill China PLC
17 September 2020
| For immediate release | 17 September 2020 |
CHURCHILL CHINA plc
("Churchill China" or the "Company")
Exercise of Options, PDMR Dealings & Total Voting Rights
Churchill China plc (AIM: CHH), the manufacturer of innovative performance ceramic products serving hospitality markets worldwide, announces that on 16 September 2020, David O'Connor, Chief Executive Officer, David Taylor, Finance Director and James Roper, Sales and Marketing Director exercised 15,179, 11,685 and 9,737 options, respectively, (the "Options") under the Company's Long Term Incentive Plan. These Options were granted in 2017 and vested based on performance in the financial year ended 31 December 2019.
Following the exercise of the Options, on 16 September 2020, David Taylor and James Roper sold 5,685 and 4,737 ordinary shares of 10 pence each in the capital of the Company ("Ordinary Shares"), respectively, to cover tax and other liabilities arising from the exercise of the Options and David O'Connor sold 18,179 Ordinary Shares as part of a financial planning exercise.
The Company was further notified that on 17 September 2020, Alan McWalter, Chairman, and Angela Bromfield, Non-executive Director, purchased 1,000 and 1,846 Ordinary Shares, respectively.
Further details on the above transactions are set out below:
| PDMR | Position | Number of Options exercised | Number of Ordinary Shares sold | Number of Ordinary Shares purchased | Sale / purchase price | Net change in interest in Ordinary Shares | Resultant interest in Ordinary Shares | Resultant interest in enlarged voting share capital |
| David O'Connor | Chief Executive | 15,179 | 18,179 | - | 1060p | (3,000) | 33,113 | 0.30% |
| David Taylor | Finance Director | 11,685 | 5,685 | - | 1060p | 6,000 | 61,555 | 0.56% |
| James Roper | Sales and Marketing Director | 9,737 | 4,737 | - | 1060p | 5,000 | 1,005,835 | 9.13% |
| Alan McWalter* | Chairman | - | - | 1,000 | 1078p | 1,000 | 6,000 | 0.05% |
| Angela Bromfield | Non-executive Director | - | - | 1,846 | 1080p | 1,846 | 2,829 | 0.03% |
*The 1,000 Ordinary Shares purchased by Alan McWalter will be registered in his spouse's name
In order to satisfy the exercise of Options, a total of 36,601 Ordinary Shares were transferred from treasury. Accordingly, the Company's share capital now consists of 11,030,172 Ordinary Shares, with 7,337 Ordinary Shares in treasury. Therefore, the total number of voting rights is 11,022,835.
The figure of 11,022,835 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Churchill China plc under the FCA's Disclosure Guidance and Transparency Rules.
For further information, please contact:
| Churchill China plc | Tel: 01782 577566 |
| David O'Connor / David Taylor / James Roper | |
| Investec Bank plc | Tel: 020 7597 5970 |
| David Flin / Alex Wright | |
| Buchanan | Tel: 020 7466 5000 |
| Mark Court / Charlotte Slater | |
| [email protected] |
This announcement contains information which, prior to its disclosure, was considered inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 (MAR)
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
1. David O'Connor
2. David Taylor
3. James Roper
2.
Reason for the notification
a)
Position/status
1. PDMR, Chief Executive Officer
2. PDMR, Finance Director
3. PDMR, Sales and Marketing Director
b)
Initial notification/Amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Churchill China plc
b)
LEI
213800GQ51I4LZQ5AR09
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 10p each
ISIN: GB0001961035
b)
Nature of the transaction
Exercise of options pursuant to Churchill China's Long Term Incentive Plan
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| 1. 10p 2. 10p 3. 10p |
15,179 11,685 9,737 |
d)
Aggregated information
- Aggregate volume
- Price
n/a - single transactions
e)
Date of the transaction
1. 16 September 2020
2. 16 September 2020
3. 16 September 2020
f)
Place of the transaction
Outside of a trading venue
1.
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
1. David O'Connor
2. David Taylor
3. James Roper
2.
Reason for the notification
a)
Position/status
1. PDMR, Chief Executive Officer
2. PDMR, Finance Director
3. PDMR, Sales and Marketing Director
b)
Initial notification/Amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Churchill China plc
b)
LEI
213800GQ51I4LZQ5AR09
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 10p each
ISIN: GB0001961035
b)
Nature of the transaction
Sale of Ordinary Shares
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| 1. 1,060p 2. 1,060p 3. 1,060p |
18,179 5,685 4,737 |
d)
Aggregated information
- Aggregate volume
- Price
n/a - single transactions
e)
Date of the transaction
1. 16 September 2020
2. 16 September 2020
3. 16 September 2020
f)
Place of the transaction
London Stock Exchange, AIM
1.
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Alan McWalter
2.
Reason for the notification
a)
Position/status
PDMR, Chairman
b)
Initial notification/Amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Churchill China plc
b)
LEI
213800GQ51I4LZQ5AR09
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 10p each
ISIN: GB0001961035
b)
Nature of the transaction
Purchase of Ordinary Shares
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| 1,078p | 1,000 |
d)
Aggregated information
- Aggregate volume
- Price
n/a - single transaction
e)
Date of the transaction
17 September 2020
f)
Place of the transaction
London Stock Exchange, AIM
1.
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Angela Bromfield
2.
Reason for the notification
a)
Position/status
PDMR, Non-executive Director
b)
Initial notification/Amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Churchill China plc
b)
LEI
213800GQ51I4LZQ5AR09
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 10p each
ISIN: GB0001961035
b)
Nature of the transaction
Purchase of Ordinary Shares
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| 1,080p | 1,846 |
d)
Aggregated information
- Aggregate volume
- Price
n/a - single transaction
e)
Date of the transaction
17 September 2020
f)
Place of the transaction
London Stock Exchange, AIM
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