REG - Churchill China PLC - Grant of Options under LTIP

Churchill ChinaAnnouncement

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RNS Number : 8344N  Churchill China PLC  20 June 2025

20 June 2025

Churchill China plc

("Churchill China" or the "Company")

Grant of Options under LTIP

 

Churchill China plc (AIM: CHH), the manufacturer of innovative performance
ceramic products serving hospitality markets worldwide, announces that on 20
June 2025, the following options over 10p Ordinary shares in the Company
("Ordinary Shares") were granted to persons discharging managerial
responsibilities ("PDMR's") under the Churchill China Long Term Incentive Plan
("CCLTIP") (the "Grants"):

 Director            Position                      Number of Options Over Ordinary Shares granted  Exercise Price  Market Price at Date of Grant
 David O'Connor      Chief Executive Officer       55,666                                          10p             640p
 James Roper         Sales and Marketing Director  43,177                                          10p             640p
 Michael Cunningham  Chief Financial Officer       35,802                                          10p             640p

 

In addition, 72,068 Grants were made to employees who are non-PDMRs.

The Grants are subject to the achievement of performance criteria 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 2027 reaches the following figures for each level of vesting:

 Adjusted EPS for year ending 31 December 2027  % of Grant that Vests
 66.0                                           25%
 73.36                                          40%
 77.0                                           100%

 

Below the lowest level no share options will vest and between these target
levels, share options will vest on a straight-line basis, shares will vest
subject to the achievement of these performance conditions, from 19 June 2028.

 

For further information, please contact:

 Churchill China plc                                                     Tel: 01782 577566
 David O'Connor / James Roper / Michael Cunningham

 Burson Buchanan                                                         Tel: 020 7466 5000
 Mark Court / Sophie Wills / Abby Gilchrist
 churchillchina@buchanan.uk.com (mailto:churchillchina@buchanan.uk.com)

 Investec Bank plc (Nominated Adviser and Joint Broker)
 David Flin / Oliver Cardigan                                            Tel: 020 7597 5970

 Panmure Liberum Limited (Joint Broker)                                  Tel: 020 3100 2000
 Edward Thomas / John More

Notification and public disclosure of transactions by Persons Discharging
Managerial Responsibilities ("PDMR") and persons closely associated with them
("PCA")

 Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No.
 596/2014
 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a.  Name                                                         Michael Cunningham
 2   Reason for notification

 a.  Position/Status                                              Chief Financial Officer

 b.  Initial notification/                                        Initial Notification

     Amendment
 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  Ordinary Shares of 10p each

Identification Code                                         ISIN: GB0001961035
 b.  Nature of the transaction                                    Grant of options
 c.  Price(s) and volume(s)                                       Price(s)  Volume(s)

                                                            640.00p   35,802

     -     Transaction 1

 d.  Aggregated information

                                                                  N/a Single Transaction

 e.  Date of the transaction                                      20/06/2025
 f.  Place of the transaction                                     Outside of a trading venue

d.

Aggregated information

 

 

 

 

N/a Single Transaction

e.

Date of the transaction

20/06/2025

f.

Place of the transaction

Outside of a trading venue

 

 

 Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No.
 596/2014
 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a.  Name                                                         David O'Connor
 2   Reason for notification

 a.  Position/Status                                              Chief Executive Officer

 b.  Initial notification/                                        Initial Notification

     Amendment
 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  Ordinary Shares of 10p each

Identification Code                                         ISIN: GB0001961035
 b.  Nature of the transaction                                    Grant of Options
 c.  Price(s) and volume(s)                                       Price(s)  Volume(s)

                                                            640.00p   55,666

     -     Transaction 1

 d.  Aggregated information

                                                                  N/a single Transaction

 e.  Date of the transaction                                      20/06/2025
 f.  Place of the transaction                                     Outside of a trading venue

d.

Aggregated information

 

 

 

 

 

N/a single Transaction

e.

Date of the transaction

20/06/2025

f.

Place of the transaction

Outside of a trading venue

 

 

 Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No.
 596/2014
 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a.  Name                                                         James Roper
 2   Reason for notification

 a.  Position/Status                                              Sales and Marketing Director

 b.  Initial notification/                                        Initial Notification

     Amendment
 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  Ordinary Shares of 10p each

Identification Code                                         ISIN: GB0001961035
 b.  Nature of the transaction                                    Grant of Options
 c.  Price(s) and volume(s)                                       Price(s)  Volume(s)

                                                            640.00p   43,177

     -     Transaction 1

 d.  Aggregated information

                                                                  N/a single Transaction

 e.  Date of the transaction                                      20/06/2025
 f.  Place of the transaction                                     Outside of a trading venue

d.

Aggregated information

 

 

 

 

 

N/a single Transaction

e.

Date of the transaction

20/06/2025

f.

Place of the transaction

Outside of a trading venue

 

 

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