CHURCHILL CHINA PLC

Remuneration Information • May 16, 2016

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RNS Number : 3600Y

Churchill China PLC

16 May 2016

16 May 2016

Churchill China plc

Grant of Options under LTIP

Grant of Share Options

On 16 May 2016, the following options were granted over 10p ordinary shares in the Company ("Ordinary Shares") under the Churchill China Long Term Incentive Plan ("CCLTIP") (the "Grants"):

Director	Position	Number of options granted	Exercise Price	Market Price at Date of Grant
David O'Connor	Chief Executive Officer	12,698	10p	787.5p
David Taylor	Finance Director	10,159	10p	787.5p
James Roper	Sales and Marketing Director	8,127	10p	787.5p

The Grants are subject to the achievement of performance conditions 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 2018 reaches the following figures for each level of vesting:

Adjusted EPS for year ending 31 December 2018	% Increase on 2015	% of Grant that Vests
50.6p	31%	25%
53.3p	38%	40%
56.0p	45%	100%

Between these target levels, share options will vest on a straight line basis and will vest, subject to the achievement of these performance conditions, from 16 May 2019.

The adjusted EPS for the base year 2015 has been calculated as 38.5p excluding the net effect of pension fund interest charges.

The Grant values represent 40 per cent of current base salary for each participant.

Resultant Holdings

Following Grant of the new options set out above:

David O'Connor will be interested in 41,613 Ordinary Shares representing 0.4 per cent. of the total issued share capital of the Company. David O'Connor also holds options over Ordinary Shares as follows:

Options Held	Option Exercise Price	Expiry Date
12,698	10p	16.05.2026
16,804	10p	07.05.2025
17,571	10p	01.05.2024

David Taylor will be interested in 54,489 Ordinary Shares representing 0.5 per cent. of the total issued share capital of the Company. David Taylor also holds options over Ordinary Shares as follows:

Options Held	Option Exercise Price	Expiry Date
10,159	10p	16.05.2026
14,123	10p	07.05.2025
16,580	10p	01.05.2024

James Roper will be interested in 1,067,500 Ordinary Shares representing 9.7 per cent. of the total issued share capital of the Company.  James Roper also holds options over Ordinary Shares as follows:

Options Held	Option Exercise Price	Expiry Date
8,127	10p	16.05.2026

For further details, please contact:

Churchill China plc
David Taylor, Finance Director	+44 (0)1782 577566
N+1 Singer (NOMAD & Broker)
Richard Lindley	+44 (0)113 388 4789
Buchanan
Mark Court /Sophie Cowles /Jane Glover	+44 (0)20 7466 5000

This information is provided by RNS

The company news service from the London Stock Exchange

END

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