Source - LSE Regulatory
RNS Number : 7552F
Chemring Group PLC
23 March 2022
 

23 March 2022

 

Chemring Group PLC

 

PDMR share dealing

 

 

Chemring Group PLC ("Chemring" or "the Company") announces that, on 22 March 2022, an award over 421,568 ordinary 1p shares in the capital of the Company previously granted on 22 March 2019 under the Chemring Group Performance Share Plan to Michael Ord, a director of the Company, vested in full. Further details on the basis for vesting of the award were disclosed in the Company's 2021 Annual Report. 

 

Following the vesting, 199,133 ordinary 1p shares were sold on 22 March 2022 on behalf of Mr Ord to cover tax and national insurance liabilities arising on vesting.

 

 

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

 

 

 

 Michael Ord

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 22 March 2019

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

 

Nil

 

421,568

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

 

 

 

 

 

e)

 

Date of the transaction

 

 

22 March 2022

f)

 

Place of the transaction

 

 

UK

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

 

 Michael Ord

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)

 

 

 

Price(s)

 

Volume(s)

 

323p

 

199,133

 

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

 

 

 

 

e)

 

Date of the transaction

 

 

22 March 2022

f)

 

Place of the transaction

 

 

UK

 

For further information:

 

Chemring Group PLC


Sarah Ellard

Group Legal Director

+44 (0)1794 463420

 

 

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