REG - Chemring Group PLC - Director/PDMR Shareholding

ChemringAnnouncement

13/12/2023 16:30

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RNS Number : 6918W  Chemring Group PLC  13 December 2023

13 December 2023

 

Chemring Group PLC

 

PDMR share awards

 

 

Chemring Group PLC ("Chemring" or "the Company") announces that, today, two
awards over 79,665 ordinary 1p shares each in the capital of the Company have
been granted to James Mortensen, a director of the Company and the new Chief
Financial Officer with effect from 1 January 2024. The two awards have been
made 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.

 

-     The first award over 79,665 ordinary 1p shares will vest subject to
the extent that the performance conditions associated with the December 2021
awards made under the Chemring Group Performance Share Plan are met, based on
the Company's performance to 31 October 2024.

 

-     The second award over 79,665 ordinary 1p shares will vest subject to
the extent that the performance conditions associated with the December 2022
awards made under the Chemring Group Performance Share Plan are met, based on
the Company's performance to 31 October 2025.

 

Any shares vesting under the above two awards will be subject to a two-year
holding period post-vesting.

 

Further details on the buy-out arrangements are included in the Company's 2023
Annual Report.

 

 

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                                    Conditional award over ordinary 1p shares to align with December 2021 awards

                                                            under the Chemring Group Performance Share Plan

 c)   Price(s) and volume(s)

Price(s)  Volume(s)

                                                                   Nil       79,665

 

 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                                    Conditional award over ordinary 1p shares to align with December 2022 awards

                                                            under the Chemring Group Performance Share Plan

 c)   Price(s) and volume(s)

Price(s)  Volume(s)

                                                                   Nil       79,665

 

 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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