REG - Chemring Group PLC - Director/PDMR Shareholding

ChemringAnnouncement

13/12/2023 16:30

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RNS Number : 6913W  Chemring Group PLC  13 December 2023

13 December 2023

 

Chemring Group PLC

 

PDMR share dealing

 

 

Chemring Group PLC ("Chemring" or "the Company") announces that, today, 55,956
ordinary 1p shares in the capital of the Company have been awarded to James
Mortensen, a director of the Company and the new Chief Financial Officer with
effect from 1 January 2024. The shares have been awarded as part of the
buy-out arrangements agreed with Mr Mortensen in relation to incentives with
his previous employer he forfeited on taking up the appointment with the
Company. Further details on the buy-out arrangements are included in the
Company's 2023 Annual Report.

 

Following the award, 26,432 ordinary 1p shares have been sold today on behalf
of Mr Mortensen to cover tax and national insurance liabilities arising on
the award.

 

 

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

                                                                    James Mortensen

 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  Ordinary 1p shares

      Identification code

                                                                   GB00B45C9X44
 b)   Nature of the transaction                                    Award of shares to Mr Mortensen on taking up his appointment

 c)   Price(s) and volume(s)

Price(s)  Volume(s)

                                                                   Nil       55,956

 

 d)   Aggregated information

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      13 December 2023

 f)   Place of the transaction                                     UK

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

 

 

 

 

 

e)

 

Date of the transaction

 

 

13 December 2023

f)

 

Place of the transaction

 

 

UK

 

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name

                                                                    James Mortensen

 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  Ordinary 1p shares

      Identification code

                                                                   GB00B45C9X44
 b)   Nature of the transaction                                    Sale of ordinary 1p shares following award of shares to meet tax and national

                                                            insurance liabilities

 c)   Price(s) and volume(s)

Price(s)  Volume(s)

                                                                   336p      26,432

 

 d)   Aggregated information

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      13 December 2023

 f)   Place of the transaction                                     UK

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

 

 

 

 

e)

 

Date of the transaction

 

 

13 December 2023

f)

 

Place of the transaction

 

 

UK

 

For further information:

 

 Chemring Group PLC
 Sarah Ellard  Group Legal Director  +44 (0)7710 553757

 

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