Director/PDMR Shareholding

RNS Number : 2415K

Chemring Group PLC

20 December 2022

 

20 December 2022

Chemring Group PLC

PDMR share dealings

Chemring Group PLC ("Chemring" or "the Company") announces that on 16 December 2022 an award of 41,195 deferred ordinary 1p shares in the capital of the Company previously granted to Sarah Ellard, a director of the Company, vested. The deferred share award was originally made in satisfaction of 40% of Mrs Ellard's annual bonus payment for the year ended 31 October 2019. 41,195 ordinary shares 1p were subsequently sold, of which 19,459 shares were sold by the Company on behalf of Mrs Ellard to cover tax and national insurance liabilities arising on vesting.

On 16 December 2022, Mrs Ellard sold an additional 67,975 ordinary 1p shares.

On 17 December 2022, an award of 157,635 ordinary 1p shares in the capital of the Company previously granted to Mrs Ellard on 17 December 2019 under the Chemring Group Performance Share Plan vested in full. Further details on the basis for vesting of the award were disclosed in the Company's 2022 Annual Report. Following the vesting, 74,462 ordinary 1p shares were sold by the Company on behalf of Mrs Ellard on 19 December 2022 to cover tax and national insurance liabilities arising on vesting.

Following this series of transactions, Mrs Ellard retains an interest in 237,333 ordinary 1p shares.

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	Sarah Ellard
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	Deferred award over ordinary 1p shares GB00B45C9X44
b)	Nature of the transaction	Vesting of deferred award of shares in partial satisfaction of an annual bonus payment
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 41,195
d)	Aggregated information - Aggregated volume - Price
e)	Date of the transaction	16 December 2022
f)	Place of the transaction	UK

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Sarah Ellard
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 deferred share award
c)	Price(s) and volume(s)	Price(s) Volume(s) 300p 41,195
d)	Aggregated information - Aggregated volume - Price
e)	Date of the transaction	16 December 2022
f)	Place of the transaction	UK

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Sarah Ellard
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
c)	Price(s) and volume(s)	Price(s) Volume(s) 300p 67,975
d)	Aggregated information - Aggregated volume - Price
e)	Date of the transaction	16 December 2022
f)	Place of the transaction	UK

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Sarah Ellard
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	Vesting of performance share plan award
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 157,635
d)	Aggregated information - Aggregated volume - Price
e)	Date of the transaction	17 December 2022
f)	Place of the transaction	UK

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Sarah Ellard
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 to meet tax and national insurance liabilities following vesting of performance share plan award
c)	Price(s) and volume(s)	Price(s) Volume(s) 302.75p 74,462
d)	Aggregated information - Aggregated volume - Price
e)	Date of the transaction	19 December 2022
f)	Place of the transaction	UK

For further information:

Chemring Group PLC
Sarah Ellard	Group Legal Director	[phone]

 

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