REG - Churchill China PLC - Transfer of shares buyback & PDMR Shareholding <Origin Href="QuoteRef">CHCH.L</Origin>

Churchill ChinaAnnouncement

30/05/2017 11:15

RNS Number : 5497G
Churchill China PLC
30 May 2017
Churchill China plc (the "Company")
PDMR Shareholding, Transfer of Shares out of Treasury, Transaction in Own Shares and Total Voting Rights
The Company announces that on 26 May 2017 options over a total of 34,151 ordinary shares of 10p each in the Company ("Ordinary Shares") were exercised by Directors of the Company, as described further below.
David O'Connor, Chief Executive Officer, has exercised options over 17,571 Ordinary Shares and has sold 10,664 Ordinary Shares. David Taylor, Finance Director, exercised options over 16,580 Ordinary Shares and has sold 10,514 Ordinary Shares. The purpose of the sale was to finance the exercise cost and personal tax liability arising on the exercise of those share options. 
Following the exercise and disposals, David O'Connor's interest in the Company totals 48,520 Ordinary Shares, representing 0.4% of the voting capital of the Company, and David Taylor's interest in the Company totals 60,555 Ordinary Shares, representing 0.6% of the voting capital of the Company.
The exercise of the share options has been satisfied by the transfer of 34,151 Ordinary Shares out of Treasury.
A further 17,000 Ordinary Shares have today been bought back at a price of 1035p, to be held in Treasury.
Following the above transactions the Company'sshare capital now consists of11,030,172Ordinary Shares, with 57,849 Ordinary Shares in treasury. Therefore, the total number of voting rights is10,972,323.
The figure of10,972,323 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 plcunder the FCA's Disclosure andTransparencyRules
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail:
1 

Details of the person discharging managerial responsibilities / person closely associated 
a) 
Name 

David O'Connor
2 

Reason for the notification 
a) 
Position/status 

Chief Executive Officer
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 

Ordinary shares of 10 pence each



Identification code 

GB0001961035



b) 
Nature of the transaction 

Exercise of options and sale ordinary shares (exercise price of 10p, sale price 1035p )
c) 
Price(s) and volume(s) 








Price(s)
Volume(s)



Exercise
10p
17,571



Sale
1035p
10,664







d) 
Aggregated information 

n/a



- Aggregated volume





- Price





e) 
Date of the transaction 

26 May 2017
f) 
Place of the transaction 

London Stock Exchange
1 

Details of the person discharging managerial responsibilities / person closely associated 
a) 
Name 

David Taylor
2 

Reason for the notification 
a) 
Position/status 

Finance 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 

Ordinary shares of 10 pence each



Identification code 

GB0001961035



b) 
Nature of the transaction 

Exercise of options and sale ordinary shares (exercise price of 10p, sale price 1035p )
c) 
Price(s) and volume(s) 








Price(s)
Volume(s)



Exercise
10p
16,580



Sale
1035p
10,514







d) 
Aggregated information 

n/a



- Aggregated volume





- Price





e) 
Date of the transaction 

26 May 2017
f) 
Place of the transaction 

London Stock Exchange
For further information, please contact:
Churchill China plc
 Tel: 01782 577566
David Taylor



Buchanan
Tel: 020 7466 5000
Mark Court / Sophie Cowles / Jane Glover



N+1 Singer

Richard Lindley / James White
Tel: 0207 496 3000

This information is provided by RNS
The company news service from the London Stock Exchange
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