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CHURCHILL CHINA PLC
Remuneration Information • Jun 20, 2025
7562_dirs_2025-06-20_cd252bca-e8ee-4061-b44f-3682600dffba.html
Remuneration Information
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National Storage Mechanism | Additional information 
RNS Number : 8344N
Churchill China PLC
20 June 2025
20 June 2025
Churchill China plc
("Churchill China" or the "Company")
Grant of Options under LTIP
Churchill China plc (AIM: CHH), the manufacturer of innovative performance ceramic products serving hospitality markets worldwide, announces that on 20 June 2025, the following options over 10p Ordinary shares in the Company ("Ordinary Shares") were granted to persons discharging managerial responsibilities ("PDMR's") under the Churchill China Long Term Incentive Plan ("CCLTIP") (the "Grants"):
| Director | Position | Number of Options Over Ordinary Shares granted | Exercise Price | Market Price at Date of Grant |
| David O'Connor | Chief Executive Officer | 55,666 | 10p | 640p |
| James Roper | Sales and Marketing Director | 43,177 | 10p | 640p |
| Michael Cunningham | Chief Financial Officer | 35,802 | 10p | 640p |
In addition, 72,068 Grants were made to employees who are non-PDMRs.
The Grants are subject to the achievement of performance criteria as specified by the Remuneration Committee and are subject to claw back provisions in certain circumstances. The performance conditions require that the Company's adjusted (pre-exceptional items and adjusted for pension interest charges and credits) earnings per share ("Adjusted EPS") for the financial year ending 31 December 2027 reaches the following figures for each level of vesting:
| Adjusted EPS for year ending 31 December 2027 | % of Grant that Vests |
| 66.0 | 25% |
| 73.36 | 40% |
| 77.0 | 100% |
Below the lowest level no share options will vest and between these target levels, share options will vest on a straight-line basis, shares will vest subject to the achievement of these performance conditions, from 19 June 2028.
For further information, please contact:
| Churchill China plc | Tel: 01782 577566 |
| David O'Connor / James Roper / Michael Cunningham | |
| Burson Buchanan | Tel: 020 7466 5000 |
| Mark Court / Sophie Wills / Abby Gilchrist | |
| [email protected] | |
| Investec Bank plc (Nominated Adviser and Joint Broker) | |
| David Flin / Oliver Cardigan | Tel: 020 7597 5970 |
| Panmure Liberum Limited (Joint Broker) | Tel: 020 3100 2000 |
| Edward Thomas / John More |
Notification and public disclosure of transactions by Persons Discharging Managerial Responsibilities ("PDMR") and persons closely associated with them ("PCA")
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
1
Details of the person discharging managerial responsibilities/person closely associated
a.
Name
Michael Cunningham
2
Reason for notification
a.
Position/Status
Chief Financial Officer
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
Grant of options
c.
Price(s) and volume(s)
- Transaction 1
| Price(s) | Volume(s) |
| 640.00p | 35,802 |
d.
Aggregated information
N/a Single Transaction
e.
Date of the transaction
20/06/2025
f.
Place of the transaction
Outside of a trading venue
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
1
Details of the person discharging managerial responsibilities/person closely associated
a.
Name
David O'Connor
2
Reason for notification
a.
Position/Status
Chief Executive Officer
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
Grant of Options
c.
Price(s) and volume(s)
- Transaction 1
| Price(s) | Volume(s) |
| 640.00p | 55,666 |
d.
Aggregated information
N/a single Transaction
e.
Date of the transaction
20/06/2025
f.
Place of the transaction
Outside of a trading venue
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
1
Details of the person discharging managerial responsibilities/person closely associated
a.
Name
James Roper
2
Reason for notification
a.
Position/Status
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
Grant of Options
c.
Price(s) and volume(s)
- Transaction 1
| Price(s) | Volume(s) |
| 640.00p | 43,177 |
d.
Aggregated information
N/a single Transaction
e.
Date of the transaction
20/06/2025
f.
Place of the transaction
Outside of a trading venue
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