Chemring Group PLC Directorate Change (7751H)

TIDMCHG

RNS Number : 7751H

Chemring Group PLC

19 November 2018

FOR IMMEDIATE RELEASE 19 NOVEMBER 2018

This announcement contains inside information that qualified, or may have qualified, as inside information for the purposes of Article 17 of the Market Abuse Regulation (EU) 596/2014 (MAR). For the purposes of MAR and Article 2 of commission Implementing Regulation (EU) 2016/1055, this announcement is made by Sarah Ellard, Company Secretary, for Chemring Group PLC.

CHEMRING GROUP PLC

APPOINTMENT OF NON-EXECUTIVE DIRECTOR

Chemring Group today announces the appointment of Stephen King as a non-executive director. He will join the Board on 1 December 2018.

Stephen (58) has a wealth of senior level experience within the industrial, engineering and manufacturing sectors, including a number of executive and non-executive roles. He is currently the Group Finance Director at Caledonia Investments plc, the FTSE 250 investment company that specialises in both global quoted and private equity investments.

He is also the Senior Independent Director and Chairman of the Audit Committee at TT Electronics plc. He has previously been a Non-Executive Director and Chairman of the Audit Committee at both Bristow Group Inc and The Wier Group plc.

Stephen was Finance Director at De La Rue plc from 2003 to 2009, and prior to that at Midlands Electricity plc. A Chartered Accountant, Stephen has also held senior financial positions at Lucas Industries plc and Seeboard plc, and was a Non-Executive Director of Camelot plc from 2008 to 2009.

Carl-Peter Forster, Chairman of Chemring, commented: "I am delighted to welcome Stephen to Chemring. He brings significant experience within the industrial, engineering and manufacturing sectors, together with a strong corporate track record. I am confident that he will make a valuable contribution to the continued development and performance of the Group."

There are no further disclosures required to be made in accordance with LR 9.6.13R of the Listing Rules of the UK Listing Authority.

-ENDS-

For further information:

   Rupert Pittman            Group Director of Corporate Affairs,                        01794 833901 

Chemring Group PLC

Andrew Jaques MHP Communications 020 3128 8100

Notes to editors

-- Chemring is a global business that specialises in the manufacture of high technology products and the provision of services to the aerospace, defence and security markets

-- Employing approximately 2,600 people worldwide, and with production facilities in four countries, Chemring meets the needs of customers in more than fifty countries

-- Chemring is organised under three strategic product segments: Countermeasures, Sensors, and Energetics

-- Chemring has a diverse portfolio of products that deliver high reliability solutions to protect people, platforms, missions and information against constantly changing threats

-- Operating in niche markets and with strong investment in research and development ("R&D"), Chemring has the agility to rapidly react to urgent customer needs

www.chemring.co.uk

Cautionary statements

This announcement contains unaudited information based on management accounts and forward-looking statements that are based on current expectations or beliefs, as well as assumptions about future events. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. Forward-looking statements often use words such as anticipate, target, expect, estimate, intend, plan, goal, believe, will, may, should, would, could, is confident, or other words of similar meaning. Undue reliance should not be placed on any such statements because they speak only as at the date of this document and, by their very nature, they are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause actual results, and Chemring's plans and objectives, to differ materially from those expressed or implied in the forward-looking statements.

There are a number of factors which could cause actual results to differ materially from those expressed or implied in forward-looking statements. Among the factors that could cause actual results to differ materially from those described in the forward-looking statements are; increased competition, the loss of or damage to one or more key customer relationships, changes to customer ordering patterns, delays in obtaining customer approvals for engineering or price level changes, the failure of one or more key suppliers, the outcome of business or industry restructuring, the outcome of any litigation, changes in economic conditions, currency fluctuations, changes in interest and tax rates, changes in raw material or energy market prices, changes in laws, regulations or regulatory policies, developments in legal or public policy doctrines, technological developments, the failure to retain key management, or the key timing and success of future acquisition opportunities or major investment projects.

Chemring undertakes no obligation to revise or update any forward-looking statement contained within this announcement, regardless of whether those statements are affected as a result of new information, future events or otherwise, save as required by law and regulations.

No statement in this announcement is intended as a profit forecast for FY18 and no statement in this announcement should be interpreted to mean that underlying operating profit for the current or future financial years would necessarily be above a minimum level, or match or exceed the historical published underlying operating profit or set a minimum level of underlying operating profit.

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 [e-mail] or visit www.rns.com.

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November 19, 2018 06:17 ET (11:17 GMT)