REG - Churchill China PLC - Exercise of Options, PDMR Dealings & TVR

Churchill ChinaAnnouncement

17/09/2020 16:30

RNS Number : 3517Z
  
Churchill China PLC
  
17 September 2020
  
 




For immediate release


17 September 2020



 
 
 
CHURCHILL CHINA plc
("Churchill China" or the "Company")
Exercise of Options, PDMR Dealings & Total Voting Rights
Churchill China plc (AIM: CHH), the manufacturer of innovative performance ceramic products serving hospitality markets worldwide, announces that on 16 September 2020, David O'Connor, Chief Executive Officer, David Taylor, Finance Director and James Roper, Sales and Marketing Director exercised 15,179, 11,685 and 9,737 options, respectively, (the "Options") under the Company's Long Term Incentive Plan. These Options were granted in 2017 and vested based on performance in the financial year ended 31 December 2019.
Following the exercise of the Options, on 16 September 2020, David Taylor and James Roper sold 5,685 and 4,737 ordinary shares of 10 pence each in the capital of the Company ("Ordinary Shares"), respectively, to cover tax and other liabilities arising from the exercise of the Options and David O'Connor sold 18,179 Ordinary Shares as part of a financial planning exercise.
The Company was further notified that on 17 September 2020, Alan McWalter, Chairman, and Angela Bromfield, Non-executive Director, purchased 1,000 and 1,846 Ordinary Shares, respectively. 
Further details on the above transactions are set out below:



PDMR


Position


Number of Options exercised


Number of Ordinary Shares sold


Number of Ordinary Shares purchased


Sale / purchase price 


Net change in interest in Ordinary Shares


Resultant interest in Ordinary Shares


Resultant
interest in enlarged voting share capital




David O'Connor


Chief Executive


15,179


18,179


-


1060p


(3,000)


33,113


0.30%




David Taylor


Finance Director


11,685


5,685


-


1060p


6,000


61,555


0.56%




James  Roper


Sales and Marketing Director


9,737


4,737


-


1060p


5,000


1,005,835


9.13%




Alan McWalter*


Chairman


-


-


 1,000


1078p


1,000


6,000


0.05%




Angela Bromfield


Non-executive Director


-


-


1,846


1080p


1,846


2,829
 


0.03%



*The 1,000 Ordinary Shares purchased by Alan McWalter will be registered in his spouse's name
In order to satisfy the exercise of Options, a total of 36,601 Ordinary Shares were transferred from treasury. Accordingly, the Company's share capital now consists of 11,030,172 Ordinary Shares, with 7,337 Ordinary Shares in treasury. Therefore, the total number of voting rights is 11,022,835.
The figure of 11,022,835 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Churchill China plc under the FCA's Disclosure Guidance and Transparency Rules.
For further information, please contact:
 



Churchill China plc


Tel: 01782 577566




David O'Connor / David Taylor / James Roper


















Investec Bank plc


Tel: 020 7597 5970   




David Flin / Alex Wright
 








Buchanan


Tel: 020 7466 5000




Mark Court / Charlotte Slater








churchillchina@buchanan.uk.com
 







This announcement contains information which, prior to its disclosure, was considered inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 (MAR)
 
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


1.   David O'Connor
2.   David Taylor
3.   James Roper




2.


Reason for the notification




a)


Position/status


1.   PDMR, Chief Executive Officer
2.   PDMR, Finance Director
3.   PDMR, 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


Exercise of options pursuant to Churchill China's Long Term Incentive Plan




c)


Price(s) and volume(s)
 





Price(s)


Volume(s)




1.   10p
2.   10p
3.   10p


15,179
11,685
9,737








d)


Aggregated information
 
-     Aggregate volume
-     Price
 


n/a - single transactions




e)


Date of the transaction


1.   16 September 2020
2.   16 September 2020
3.   16 September 2020




f)


Place of the transaction


Outside of a trading venue



 



1.


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


1.   David O'Connor
2.   David Taylor
3.   James Roper




2.


Reason for the notification




a)


Position/status


1.   PDMR, Chief Executive Officer
2.   PDMR, Finance Director
3.   PDMR, 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


Sale of Ordinary Shares




c)


Price(s) and volume(s)
 





Price(s)


Volume(s)




1.   1,060p
2.   1,060p
3.   1,060p


18,179
5,685
4,737








d)


Aggregated information
 
-     Aggregate volume
-     Price
 


n/a - single transactions




e)


Date of the transaction


1.   16 September 2020
2.   16 September 2020
3.   16 September 2020




f)


Place of the transaction


London Stock Exchange, AIM



 



1.


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


Alan McWalter




2.


Reason for the notification




a)


Position/status


PDMR, Chairman




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


Purchase of Ordinary Shares




c)


Price(s) and volume(s)
 





Price(s)


Volume(s)




1,078p


1,000








d)


Aggregated information
 
-     Aggregate volume
-     Price
 


n/a - single transaction




e)


Date of the transaction


17 September 2020




f)


Place of the transaction


London Stock Exchange, AIM



 



1.


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


Angela Bromfield




2.


Reason for the notification




a)


Position/status


PDMR, Non-executive 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


Purchase of Ordinary Shares




c)


Price(s) and volume(s)
 





Price(s)


Volume(s)




1,080p


1,846








d)


Aggregated information
 
-     Aggregate volume
-     Price
 


n/a - single transaction




e)


Date of the transaction


17 September 2020




f)


Place of the transaction


London Stock Exchange, AIM



 

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
  END
 
 
DSHLRMATMTTBBFM