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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% | 1,170.00 | 1,140.00 | 1,200.00 | 1,170.00 | 1,170.00 | 1,170.00 | 427 | 08:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Misc Homefurnishings Stores | 82.34M | 7.72M | 0.7017 | 16.67 | 128.67M |
From Jul 2019 to Jul 2024
TIDMCHH
RNS Number : 3600Y
Churchill China PLC
16 May 2016
16 May 2016
Churchill China plc
Grant of Options under LTIP
Grant of Share Options
On 16 May 2016, the following options were granted over 10p ordinary shares in the Company ("Ordinary Shares") under the Churchill China Long Term Incentive Plan ("CCLTIP") (the "Grants"):
Hot Features
Premium
Director Position Number of Exercise Market
options granted Price Price
at Date
of Grant
---------------- ----------------- ----------------- --------- ----------
Chief Executive
David O'Connor Officer 12,698 10p 787.5p
---------------- ----------------- ----------------- --------- ----------
Finance
David Taylor Director 10,159 10p 787.5p
---------------- ----------------- ----------------- --------- ----------
Sales and
Marketing
James Roper Director 8,127 10p 787.5p
---------------- ----------------- ----------------- --------- ----------
The Grants are subject to the achievement of performance conditions 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 2018 reaches the following figures for each level of vesting:
Adjusted % Increase % of Grant
EPS for year on 2015 that Vests
ending 31
December
2018
-------------- ----------- ------------
50.6p 31% 25%
-------------- ----------- ------------
53.3p 38% 40%
-------------- ----------- ------------
56.0p 45% 100%
-------------- ----------- ------------
Between these target levels, share options will vest on a straight line basis and will vest, subject to the achievement of these performance conditions, from 16 May 2019.
The adjusted EPS for the base year 2015 has been calculated as 38.5p excluding the net effect of pension fund interest charges.
The Grant values represent 40 per cent of current base salary for each participant.
Resultant Holdings
Following Grant of the new options set out above:
David O'Connor will be interested in 41,613 Ordinary Shares representing 0.4 per cent. of the total issued share capital of the Company. David O'Connor also holds options over Ordinary Shares as follows:
Options Option Exercise Expiry Held Price Date -------- ---------------- ----------- 12,698 10p 16.05.2026 -------- ---------------- ----------- 16,804 10p 07.05.2025 -------- ---------------- ----------- 17,571 10p 01.05.2024 -------- ---------------- -----------
David Taylor will be interested in 54,489 Ordinary Shares representing 0.5 per cent. of the total issued share capital of the Company. David Taylor also holds options over Ordinary Shares as follows:
Options Option Exercise Expiry Held Price Date -------- ---------------- ----------- 10,159 10p 16.05.2026 -------- ---------------- ----------- 14,123 10p 07.05.2025 -------- ---------------- ----------- 16,580 10p 01.05.2024 -------- ---------------- -----------
James Roper will be interested in 1,067,500 Ordinary Shares representing 9.7 per cent. of the total issued share capital of the Company. James Roper also holds options over Ordinary Shares as follows:
Options Option Exercise Expiry Held Price Date -------- ---------------- ----------- 8,127 10p 16.05.2026 -------- ---------------- -----------
For further details, please contact:
Churchill China plc David Taylor, Finance Director +44 (0)1782 577566 N+1 Singer (NOMAD & Broker) Richard Lindley +44 (0)113 388 4789 Buchanan Mark Court /Sophie Cowles /Jane Glover +44 (0)20 7466 5000
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCUNRARNSAVAAR
(END) Dow Jones Newswires
May 16, 2016 07:05 ET (11:05 GMT)
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