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On 27 February 2025, Chemring Group PLC granted conditional awards over 1p ordinary shares under its Long Term Incentive Plan to directors Michael Ord (38,904 shares), James Mortensen (26,948 shares), and Sarah Ellard (19,626 shares). No consideration was paid for these awards, which will ordinarily vest on 18 December 2027 subject to continued service and performance conditions, following approval of the remuneration policy at the 26 February 2025 Annual General Meeting.
| Date | 27 Feb 2025 |
| Time | 14:43:20 |
| Category | Director/PDMR dealings |
| ID | 7635Y |
27 February 2025
Chemring Group PLC
Grant of long term incentive awards
Chemring Group PLC ("Chemring" or the "Company") announces that it has today granted conditional awards over 1p ordinary shares in the capital of the Company to Michael Ord, James Mortensen and Sarah Ellard, directors of the Company, under the Chemring Group Long Term Incentive Plan, as detailed below.
|
Name of director |
Number of conditional shares awarded |
|
Michael Ord |
38,904 |
|
James Mortensen |
26,948 |
|
Sarah Ellard |
19,626 |
No consideration was paid for the grant of the awards and no consideration is due on vesting of the awards. The awards will ordinarily vest on 18 December 2027 subject to each grantee's continued service and to the extent performance conditions are satisfied. Any shares which vest, post-tax, will be subject to an additional two-year holding period.
The proposed awards were disclosed in the directors' remuneration report included within the Company's 2024 annual report and the awards were made following approval of the updated directors' remuneration policy at the Annual General Meeting held on 26 February 2025.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
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1
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Details of the person discharging managerial responsibilities / person closely associated
|
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a)
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Name
|
Michael Ord |
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2
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Reason for the notification
|
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a)
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Position/status
|
Director/PDMR |
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b)
|
Initial notification /Amendment
|
Initial |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
|
Chemring Group PLC |
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b)
|
LEI
|
213800U9A54VQJ5P2J41 |
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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 the financial instrument, type of instrument
Identification code
|
Conditional award over 1p ordinary shares
GB00B45C9X44 |
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b)
|
Nature of the transaction
|
Conditional award under the Chemring Group Long Term Incentive Plan |
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|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
||||
|
e)
|
Date of the transaction
|
27 February 2025 |
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f)
|
Place of the transaction
|
Outside a trading venue |
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|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
James Mortensen |
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Director/PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Chemring Group PLC |
||||
|
b)
|
LEI
|
213800U9A54VQJ5P2J41 |
||||
|
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 the financial instrument, type of instrument
Identification code
|
Conditional award over 1p ordinary shares
GB00B45C9X44 |
||||
|
b)
|
Nature of the transaction
|
Conditional award under the Chemring Group Long Term Incentive Plan |
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
||||
|
e)
|
Date of the transaction
|
27 February 2025 |
||||
|
f)
|
Place of the transaction
|
Outside a trading venue |
||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||
|
a)
|
Name
|
Sarah Ellard |
||||
|
2
|
Reason for the notification
|
|||||
|
a)
|
Position/status
|
Director/PDMR |
||||
|
b)
|
Initial notification /Amendment
|
Initial |
||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||
|
a)
|
Name
|
Chemring Group PLC |
||||
|
b)
|
LEI
|
213800U9A54VQJ5P2J41 |
||||
|
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 the financial instrument, type of instrument
Identification code
|
Conditional award over 1p ordinary shares
GB00B45C9X44 |
||||
|
b)
|
Nature of the transaction
|
Conditional award under the Chemring Group Long Term Incentive Plan |
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
||||
|
e)
|
Date of the transaction
|
27 February 2025 |
||||
|
f)
|
Place of the transaction
|
Outside a trading venue |
||||
For further information:
|
Chemring Group PLC |
|
|
|
Sarah Ellard |
Group Legal Director & Company Secretary |
+44 (0)7710 553757 |