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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Churchill China Plc | LSE:CHH | London | Ordinary Share | GB0001961035 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1,150.00 | 1,100.00 | 1,200.00 | 1,150.00 | 1,150.00 | 1,150.00 | 3,785 | 07:46:48 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Misc Homefurnishings Stores | 82.34M | 7.72M | 0.7017 | 16.39 | 126.48M |
TIDMCHH
RNS Number : 6563D
Churchill China PLC
22 June 2023
For immediate release 22 June 2023
CHURCHILL CHINA plc
("Churchill" or the "Company" or the "Group")
Grant of Options under LTIP
Churchill China plc (AIM: CHH), the manufacturer of innovative performance ceramic products serving hospitality markets worldwide, announces that on 21 June 2023, the following options over 10p ordinary shares in the Company ("Ordinary Shares") were granted to persons discharging managerial responsibilities ("PDMRs") under the Churchill China Long Term Incentive Plan ("CCLTIP") (the "Grants"):
Director Position Number of Exercise Market Price Options Over Price at Date of Ordinary Shares Grant granted Chief Executive David O'Connor Officer 24,425 10p 1,375p ----------------- ----------------- --------- ------------- Sales and Marketing James Roper Director 18,945 10p 1,375p ----------------- ----------------- --------- ------------- Chief Financial Michael Cunningham Officer 14,545 10p 1,375p ----------------- ----------------- --------- -------------
In addition, 30,096 Grants were made to employees who are non-PDMRs.
The Grants are subject to the achievement of performance criteria as specified by the Remuneration Committee and are subject to claw back provisions in certain circumstances. The performance conditions require that the Company's adjusted (pre-exceptional items and adjusted for pension interest charges and credits) earnings per share ("Adjusted EPS") for the financial year ending 31 December 2025 reaches the following figures for each level of vesting:
Adjusted EPS for % of Grant that year ending 31 Vests December 2025 81.0 25% ---------------- 90.0 40% ---------------- 94.5 100% ----------------
Between these target levels, share options will vest on a straight-line basis and shares will vest, subject to the achievement of these performance conditions, from 21 June 2026.
The Grant values represent 100 per cent of the current base annual salary for each of David O'Connor, James Roper and Michael Cunningham.
Resultant Holdings
Following the Grants, David O'Connor, James Roper and Michael Cunningham hold options over Ordinary Shares as follows:
Director Options Held Option Exercise Expiry Date Price David O'Connor 21,977 10p 28.06.2032 ------------- ---------------- ------------ David O'Connor 17,856 10p 11.06.2031 ------------- ---------------- ------------ David O'Connor 24,425 10p 21.06.2033 ------------- ---------------- ------------ James Roper 17,046 10p 28.06.2032 ------------- ---------------- ------------ James Roper 13,641 10p 11.06.2031 ------------- ---------------- ------------ James Roper 18,945 10p 21.06.2033 ------------- ---------------- ------------ Michael Cunningham 14,545 10p 21.06.2033 ------------- ---------------- ------------
For further information, please contact:
Churchill China plc Tel: 01782 577566 David O'Connor / James Roper / Michael Cunningham Buchanan Tel: 020 7466 5000 Mark Court / Abigail Gilchrist ChurchillChina@buchanan.uk.com Investec Tel: 020 7597 5970 David Flin / Alex Wright / William Brinkley
Notification and public disclosure of transactions by Persons Discharging Managerial Responsibilities ("PDMR") and persons closely associated with them ("PCA")
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 1 Details of the person discharging managerial responsibilities/person closely associated ---- ----------------------------------------------------------------------- a. Name Michael Cunningham ------------------------------- 2 Reason for notification -------------------------------------- ------------------------------- a. Position/Status Chief Financial Officer -------------------------------------- ------------------------------- b. Initial notification/ Initial Notification Amendment -------------------------------------- ------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ----------------------------------------------------------------------- a. Name Churchill China plc -------------------------------------- b. LEI 213800GQ51I4LZQ5AR09 -------------------------------------- ------------------------------- 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 10p each the financial instrument, type of instrument ISIN: GB0001961035 Identification Code -------------------------------------- ------------------------------- b. Nature of the Grant of options transaction -------------------------------------- ------------------------------- c. Price(s) and volume(s) Price(s) Volume(s) 10p 14,545 ---------- -------------------------------------- ------------------------------- d. Aggregated information N/A - Single Transaction -------------------------------------- ------------------------------- e. Date of the transaction 21/06/2023 -------------------------------------- ------------------------------- f. Place of the transaction Off market -------------------------------------- ------------------------------- Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 1 Details of the person discharging managerial responsibilities/person closely associated ---- ----------------------------------------------------------------------- a. Name David O'Connor ------------------------------- 2 Reason for notification -------------------------------------- ------------------------------- a. Position/Status Chief Executive Officer -------------------------------------- ------------------------------- b. Initial notification/ Initial Notification Amendment -------------------------------------- ------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ----------------------------------------------------------------------- a. Name Churchill China plc -------------------------------------- b. LEI 213800GQ51I4LZQ5AR09 -------------------------------------- ------------------------------- 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 10p each the financial instrument, type of instrument ISIN: GB0001961035 Identification Code -------------------------------------- ------------------------------- b. Nature of the Grant of Options transaction -------------------------------------- ------------------------------- c. Price(s) and volume(s) Price(s) Volume(s) 10p 24,425 ---------- -------------------------------------- ------------------------------- d. Aggregated information N/A - Single Transaction -------------------------------------- ------------------------------- e. Date of the transaction 21/06/2023 -------------------------------------- ------------------------------- f. Place of the transaction Off market
-------------------------------------- ------------------------------- Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 1 Details of the person discharging managerial responsibilities/person closely associated ---- ----------------------------------------------------------------------- a. Name James Roper ------------------------------- 2 Reason for notification -------------------------------------- ------------------------------- a. Position/Status Sales and Marketing Director -------------------------------------- ------------------------------- b. Initial notification/ Initial Notification Amendment -------------------------------------- ------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ----------------------------------------------------------------------- a. Name Churchill China plc -------------------------------------- b. LEI 213800GQ51I4LZQ5AR09 -------------------------------------- ------------------------------- 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 10p each the financial instrument, type of instrument ISIN: GB0001961035 Identification Code -------------------------------------- ------------------------------- b. Nature of the Grant of Options transaction -------------------------------------- ------------------------------- c. Price(s) and volume(s) Price(s) Volume(s) 10p 18,945 * Transaction 1 ---------- -------------------------------------- ------------------------------- d. Aggregated information N/A - Single Transaction -------------------------------------- ------------------------------- e. Date of the transaction 21/06/2023 -------------------------------------- ------------------------------- f. Place of the transaction Off market -------------------------------------- -------------------------------
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(END) Dow Jones Newswires
June 22, 2023 13:20 ET (17:20 GMT)
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