Chemring Group PLC

Remuneration Information • Mar 25, 2020

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 5802H

Chemring Group PLC

25 March 2020

25 March 2020

Chemring Group PLC

Vesting of performance share plan awards

Chemring Group PLC ("Chemring" or "the Company") announces that on 24 March 2020 69.95% of the awards granted to Andrew Lewis and Sarah Ellard, directors of the Company, on 24 March 2017 under the Chemring Group Performance Share Plan (the "2017 Awards") vested. Further details on the basis for vesting of the 2017 Awards were disclosed in the Company's 2019 Annual Report.  

The following table details the transactions relating to the vesting of the 2017 Awards which were notified to the Company on 24 March 2020:

Director	Shares vested	Shares retained (after tax and national insurance liabilities settled)	Resultant beneficial interest in the Company's shares
Andrew Lewis	198,259	105,077	113,797
Sarah Ellard	127,516	67,583	136,403

The 2017 Awards which vested were satisfied by the transfer of shares for nil consideration from the Company's treasury shares holding.

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

1p ordinary shares

GB00B45C9X44

b)

Nature of the transaction

Vesting of performance share plan awards granted on 24 March 2017 and transfer of the net value of shares due (after satisfaction of tax and national insurance liabilities)

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	105,077

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

24 March 2020

f)

Place of the transaction

UK

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Sarah Ellard

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

1p ordinary shares

GB00B45C9X44

b)

Nature of the transaction

Vesting of performance share plan awards granted on 24 March 2017 and transfer of the net value of shares due (after satisfaction of tax and national insurance liabilities)

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	67,583

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

24 March 2020

f)

Place of the transaction

UK

For further information:

Chemring Group PLC
Sarah Ellard	Group Legal Director	+44 (0)1794 833 901

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

DSHFLFEFVEIEFII