19 January 2021
Chemring Group PLC
PDMR share dealing
Chemring Group PLC ("Chemring" or "the Company") announces that today an award over 265,791 ordinary 1p shares in the capital of the Company previously granted on 19 January 2018 under the Chemring Group Performance Share Plan to Andrew Lewis, a director of the Company, vested in full. Further details on the basis for vesting of the award was disclosed in the Company's 2020 Annual Report.
The award which vested was satisfied by the transfer of shares for nil consideration from the Company's treasury shares holding.
Following the vesting, 145,922 ordinary 1p shares have today been sold by Mr Lewis, of which 124,922 shares were sold to cover tax and national insurance liabilities arising on vesting. Following this transaction, Mr Lewis retains 249,272 ordinary 1p shares in the capital of the Company.
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
|
Andrew Lewis | ||||
| 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
Identification code
| Conditional award over ordinary 1p shares
GB00B45C9X44 | ||||
| b)
| Nature of the transaction
| Vesting of performance share plan award granted on 19 January 2018 | ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information
- Aggregated volume
- Price
|
| ||||
| e)
| Date of the transaction
| 19 January 2021 | ||||
| f)
| Place of the transaction
| UK | ||||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
| a)
| Name
|
Andrew Lewis | ||||
| 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
Identification code
| Ordinary 1p shares
GB00B45C9X44 | ||||
| b)
| Nature of the transaction
| Sale of ordinary 1p shares following vesting of performance share plan award | ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information
- Aggregated volume
- Price
|
| ||||
| e)
| Date of the transaction
| 19 January 2021 | ||||
| f)
| Place of the transaction
| UK | ||||
For further information:
| Chemring Group PLC | | |
| Sarah Ellard | Group Legal Director | +44 (0)1794 833 901 |
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