Chamberlin PLC Director/PDMR Shareholding (2836S)
December 19 2016 - 12:01PM
UK Regulatory
TIDMCMH
RNS Number : 2836S
Chamberlin PLC
19 December 2016
Chamberlin plc
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them (in accordance with the Market Abuse
Regulation)
Walsall, UK, 19 December 2016: Chamberlin plc (LSE: CMH;
"Chamberlin" or "the Company") confirms that on 19 December 2016,
the following Persons Discharging Managerial Responsibility
("PDMR") were granted nil cost options by the Company over ordinary
shares of 25 pence each in Chamberlin plc under the Company's
Performance Share Plan, as set out below:
1 Details of the person discharging managerial responsibilities
/ person closely associated
--- ----------------------------------------------------------------------------------------------
a) Name Kevin Nolan
--- ------------------------------ --------------------------------------------------------------
2 Reason for Notification
--- ----------------------------------------------------------------------------------------------
a) Position/status Chief Executive
--- ------------------------------ --------------------------------------------------------------
b) Initial Initial Notification
notification/Amendment
--- ------------------------------ --------------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--- ----------------------------------------------------------------------------------------------
a) Name Chamberlin plc
--- ------------------------------ --------------------------------------------------------------
b) LEI 13800OS2SK73PPFO761
--- ------------------------------ --------------------------------------------------------------
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 Ordinary Shares of 25 pence each in Chamberlin plc
of
the GB0001870228
financial
instrument,
type
of
instrument
Identification
code
--- ------------------------------ --------------------------------------------------------------
b) Nature Grant of nil cost options by the Company under the
of Company's Performance Share Plan. Subject to a performance
the condition and continued service, normally vests after
transaction 3 years.
The performance condition is based on the Company's
share price at the end of the performance period, with
20% of the total award vesting at a price of 80 pence
per share and 100% of the total award vesting at a
price of 120 pence per share. If the share price is
between 80 pence and 120 pence at the end of the performance
period, then the number options that vest shall be
calculated on a straight line basis between 20% and
100% of the entitlement, with no options vesting if
the price is less than 80 pence per share.
--- ------------------------------ --------------------------------------------------------------
c) Price(s) Price(s) Volume(s)
and ---------- ----------
volume(s) Nil 207,363
---------- ----------
--- ------------------------------ --------------------------------------------------------------
d) Aggregated
information
* Aggregated volume
N/A
* Price
--- ------------------------------ --------------------------------------------------------------
e) Date 19 December 2016
of
the
transaction
--- ------------------------------ --------------------------------------------------------------
f) Place Outside a trading venue
of
the
transaction
--- ------------------------------ --------------------------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
--- -----------------------------------------------------------------------------------
a) Name David Roberts
--- ------------------------------- --------------------------------------------------
2 Reason for 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 Chamberlin plc
--- ------------------------------- --------------------------------------------------
b) LEI 13800OS2SK73PPFO761
--- ------------------------------- --------------------------------------------------
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 Ordinary Shares of 25 pence each in Chamberlin
the financial instrument, plc
type of instrument
Identification GB0001870228
code
--- ------------------------------- --------------------------------------------------
b) Nature of the transaction Grant of nil cost options by the Company
under the Company's Performance Share Plan.
Subject to a performance condition and continued
service, normally vests after 3 years.
The performance condition is based on the
Company's share price at the end of the
performance period, with 20% of the total
award vesting at a price of 80 pence per
share and 100% of the total award vesting
at a price of 120 pence per share. If the
share price is between 80 pence and 120
pence at the end of the performance period,
then the number options that vest shall
be calculated on a straight line basis between
20% and 100% of the entitlement, with no
options vesting if the price is less than
80 pence per share.
--- ------------------------------- --------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
Nil 142,637
---------- ----------
--- ------------------------------- --------------------------------------------------
d) Aggregated information
* Aggregated volume N/A
* Price
--- ------------------------------- --------------------------------------------------
e) Date of the transaction 19 December 2016
--- ------------------------------- --------------------------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------- --------------------------------------------------
Following the above transactions, Mr Nolan's and Mr Roberts'
respective interests are in 569,558 options and 380,442 options
granted over ordinary shares of 25 pence each in the Company.
Enquiries:
Chamberlin plc T: 01922 707100
Kevin Nolan, Chief Executive
David Roberts, Finance Director
This information is provided by RNS
The company news service from the London Stock Exchange
END
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December 19, 2016 12:01 ET (17:01 GMT)