Director/PDMR Shareholding

Chemring Group PLC
13 December 2023
 

13 December 2023

 

Chemring Group PLC

 

PDMR share dealing

 

 

Chemring Group PLC ("Chemring" or "the Company") announces that, today, 55,956 ordinary 1p shares in the capital of the Company have been awarded to James Mortensen, a director of the Company and the new Chief Financial Officer with effect from 1 January 2024. The shares have been awarded as part of the buy-out arrangements agreed with Mr Mortensen in relation to incentives with his previous employer he forfeited on taking up the appointment with the Company. Further details on the buy-out arrangements are included in the Company's 2023 Annual Report.

 

Following the award, 26,432 ordinary 1p shares have been sold today on behalf of Mr Mortensen to cover tax and national insurance liabilities arising on the award.

 

 

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

 

 

 

 James Mortensen

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

 

 

Award of shares to Mr Mortensen on taking up his appointment

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

 

Nil

 

55,956

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

 

 

 

 

 

e)

 

Date of the transaction

 

 

13 December 2023

f)

 

Place of the transaction

 

 

UK

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

 

 James Mortensen

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 award of shares to meet tax and national insurance liabilities

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

 

336p

 

26,432

 

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

 

 

 

 

e)

 

Date of the transaction

 

 

13 December 2023

f)

 

Place of the transaction

 

 

UK

 

For further information:

 

Chemring Group PLC


Sarah Ellard

Group Legal Director

+44 (0)7710 553757

 

 

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