Chamberlin PLC Director/PDMR Shareholding (2836S)

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

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December 19, 2016 12:01 ET (17:01 GMT)