Share Name Share Symbol Market Type Share ISIN Share Description
Chamberlin LSE:CMH London Ordinary Share GB0001870228 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 68.00p 62.00p 74.00p 68.00p 68.00p 68.00p 0 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 37.7 -0.5 -10.2 - 5.41

Chamberlin PLC Grant of Options

19/06/2018 3:39pm

UK Regulatory (RNS & others)


Chamberlin (LSE:CMH)
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6 Months : From Apr 2018 to Oct 2018

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TIDMCMH

RNS Number : 9033R

Chamberlin PLC

19 June 2018

AIM: CMH

19 June 2018

Chamberlin plc

("Chamberlin", the "Company" or the "Group")

Grant of Options

Chamberlin announces that, on 19 June 2018, Kevin Nolan, Chief Executive, and David Roberts, Finance Director, were respectively granted options over 216,616 and 149,390 ordinary shares of 25 pence in the Company ("Ordinary Shares"), under the Company's Performance Share Plan. Full details of this grant of options can be found in the table below.

Following this, the respective interests of Mr Nolan and Mr Roberts in the share capital of the Company total 423,979 and 292,027 Ordinary Shares. In addition, Mr Roberts has a beneficial interest in a further 5,000 Ordinary Shares.

The Company has amended the terms of the options over 350,000 Ordinary Shares granted in December 2016, increasing the option price to 25p from nil. All other aspects of the December 2016 grant remain unchanged.

 
 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 
       of                              plc 
       the 
       financial                       GB0001870228 
       instrument, 
       type 
       of 
       instrument 
       Identification 
       code 
---  ------------------------------  ------------------------------------------------ 
 b)   Nature                          Grant of options by the Company under 
       of                              the Company's Share Option Plan. Subject 
       the                             to a performance condition and continued 
       transaction                     service, normally vests after 3 years. 
                                       The performance condition is based on 
                                       the Company's Shareholder Return at the 
                                       end of the performance period, with 25% 
                                       of the total award vesting at a Shareholder 
                                       Return of 23% and 100% of the total award 
                                       vesting at a Shareholder Return of 72%. 
                                       If the Shareholder Return is between 23% 
                                       and 72% at the end of the performance 
                                       period, then the number options that vest 
                                       shall be calculated on a straight line 
                                       basis between 25% and 100% of the entitlement. 
---  ------------------------------  ------------------------------------------------ 
 c)   Price(s)                         Price(s)   Volume(s) 
       and                             ---------  ---------- 
       volume(s)                        97.5p      216,616 
                                       ---------  ---------- 
---  ------------------------------  ------------------------------------------------ 
 d)        Aggregated 
            information                 N/A 
             *    Aggregated volume 
 
 
             *    Price 
---  ------------------------------  ------------------------------------------------ 
 e)   Date                            19 June 2018 
       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                      Ordinary Shares of 25 pence each 
       of the financial                 in Chamberlin plc 
       instrument, 
       type of instrument               GB0001870228 
       Identification 
       code 
---  -------------------------------  -------------------------------------- 
 b)   Nature of the                    Grant of options by the Company 
       transaction                      under the Company's Share Option 
                                        Plan. Subject to a performance 
                                        condition and continued service, 
                                        normally vests after 3 years. 
                                        The performance condition is 
                                        based on the Company's Shareholder 
                                        Return at the end of the performance 
                                        period, with 25% of the total 
                                        award vesting at a Shareholder 
                                        Return of 23% and 100% of the 
                                        total award vesting at a Shareholder 
                                        Return of 72%. If the Shareholder 
                                        Return is between 23% and 72% 
                                        at the end of the performance 
                                        period, then the number options 
                                        that vest shall be calculated 
                                        on a straight line basis between 
                                        25% and 100% of the entitlement. 
---  -------------------------------  -------------------------------------- 
 c)   Price(s) and                      Price(s)   Volume(s) 
       volume(s)                        ---------  ---------- 
                                         97.5p      149,390 
                                        ---------  ---------- 
---  -------------------------------  -------------------------------------- 
 d)        Aggregated information 
             *    Aggregated volume      N/A 
 
 
             *    Price 
---  -------------------------------  -------------------------------------- 
 e)   Date of the                      19 June 2018 
       transaction 
---  -------------------------------  -------------------------------------- 
 f)   Place of the                     Outside a trading venue 
       transaction 
---  -------------------------------  -------------------------------------- 
 

Enquiries:

 
 Chamberlin plc (www.chamberlin.co.uk)     T: 01922 707100 
  Kevin Nolan, Chief Executive 
  David Roberts, Finance Director 
 
 Smith & Williamson Corporate              T: 020 7131 
  Finance Limited                           4000 
  (Nominated Adviser and Broker) 
  Russell Cook, Katy Birkin 
 
 KTZ Communications                        T: 020 3178 
  (Financial PR)                            6378 
  Katie Tzouliadis, Emma Pearson 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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