Chamberlin PLC Grant of Share Options (4576H)
27 Julio 2023 - 8:00AM
UK Regulatory
TIDMCMH
RNS Number : 4576H
Chamberlin PLC
27 July 2023
27 July 2023
Chamberlin plc
("Chamberlin", the "Company" or the "Group")
Grant of Share Options
Chamberlin plc (AIM: CMH.L), the specialist castings and
engineering group, announces that upon the recommendation of the
Chamberlin Remuneration Committee, on 27 July 2023, the Company
granted share options over a total of 1,800,000 ordinary shares of
0.1p each ("Ordinary Shares") in the Company to Kevin Price, Chief
Executive Officer at an exercise price of 2.95 pence ("Share
Options"), under the Company's existing share option plan, the
Chamberlin Performance Share Plan (the "Plan"). The Plan is
intended to promote long term shareholdings by certain directors
and senior management, aligning their interests with other
shareholders.
In summary, the principal terms of the Share Options are as
follows:
-- the Share Options are granted with an exercise price of 2.95 pence per Ordinary Share;
-- it is intended that the Share Options qualify as enterprise
management incentive share options pursuant to Schedule 5 to the
Income Tax (Earnings and Pensions) Act 2003;
-- the Share Options will vest, subject to the rules of the
Plan, on the third anniversary of the date of grant;
-- the vesting of the Share Options is conditional on continued
service (unless the director/PDMR becomes a "good leaver" in
accordance with the rules of the Plan); and
-- to the extent they vest, the Share Options will be
exercisable until the tenth anniversary of the date of grant.
Following the grant of the Share Options, Kevin Price, Chief
Executive Officer holds 2,466,666 options over Ordinary Shares and
the Company has a total of 3,904,948 new Ordinary Shares currently
under option, representing approximately 2.83 per cent of the
Company's issued share capital.
The notification below, made in accordance with the requirements
of the UK Market Abuse Regulation, provides further detail.
Enquiries:
Chamberlin plc T: 01922 707100
Keith Butler-Wheelhouse, Chairman
Cenkos Securities plc T: 020 7397 8900
(Nominated Adviser and Joint Broker)
Katy Birkin
Stephen Keys
George Lawson
Peterhouse Capital Limited T: 020 7469 0930
(Joint Broker)
Lucy Williams
Duncan Vasey
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY
ASSOCIATED WITH THEM
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Kevin Price
------------------------------------------ ----------------------------------
2 Reason for the notification
------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
------------------------------------------ ----------------------------------
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 213800OS2SK73PPFO761
------------------------------------------ ----------------------------------
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 Options over Ordinary Shares
instrument, type of instrument
------------------------------------------ ----------------------------------
Identification code GB0001870228
------------------------------------------ ----------------------------------
b) Nature of the transaction Grant of options over Ordinary
Shares
------------------------------------------ ----------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
------------------------------------------ ----------------- ---------------
GBP0.0295 1,800,000
----------------------------------------------------------------- ---------------
d) Aggregated information N/A (single transaction)
------------------------------------------ ----------------------------------
Aggregated volume N/A (single transaction)
------------------------------------------ ---------------------------------------
Price N/A (single transaction)
------------------------------------------ ---------------------------------------
e) Date of the transaction 27 July 2023
------------------------------------------ ----------------------------------
f) Place of the transaction XOFF
------------------------------------------ ----------------------------------
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END
DSHBDGDRXSDDGXR
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July 27, 2023 09:00 ET (13:00 GMT)
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