TIDMCMH

RNS Number : 5998Y

Chamberlin PLC

14 May 2021

14 May 2021

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 and following consultation with certain of the Company's major shareholders, on 13 May 2021, the Company granted share options over a total of 3,581,314 ordinary shares of 0.1p each in the Company ("New 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.

The New Share Options have been granted to the following directors and persons discharging managerial responsibilities ("PDMRs"):

 
                                                                         Total share 
                                                                             options 
                    Number of                  New Share  Total share        as % of 
                     Ordinary  Existing share    Options      options   issued share 
                  Shares held    options held    granted         held        capital 
Director/PDMR 
Kevin Nolan                 -         216,616    666,666      832,282          1.27% 
Kevin Price                 -               -    666,666      666,666          0.96% 
Alan Tomlinson              -               -    555,000      555,000          0.80% 
Tony Glasscoe               -               -    526,900      526,900          0.76% 
Carl Darby                  -               -    416,666      416,666          0.60% 
James Greaves               -               -    416,083      416,083          0.60% 
Rob Heyworth                -               -    333,333      333,333          0.48% 
 

In summary, the principal terms of the New Share Options are as follows:

-- the New Share Options are granted with an exercise price of 6.0 pence per share, being the placing price of the share placing announced on 26 March 2021;

-- it is intended that the New Share Options qualify as enterprise management incentive share options pursuant to Schedule 5 to the Income Tax (Earnings and Pensions) Act 2003;

-- the New Options will vest, subject to the rules of the Plan, on the third anniversary of the date of grant;

-- the vesting of the New Share Options is conditional on the relevant PDMR's continued service (unless the PDMR becomes a "good leaver" in accordance with the rules of the Plan); and

-- to the extent they vest, the New Share Options will be exercisable until the tenth anniversary of the date of grant.

Following the above grants, the Company has a total of 3,797,930 new Ordinary Shares currently under option, representing approximately 5.5 per cent of the Company's issued share capital.

The notifications below, made in accordance with the requirements of the UK Market Abuse Regulation, provide further detail.

Enquiries:

 
Chamberlin plc                           T: 01922 707100 
 Keith Butler-Wheelhouse, Chairman 
Cenkos Securities plc                    T: 020 7397 8900 
 (Nominated Adviser and Joint Broker) 
 Russell Cook 
 Katy Birkin 
Peterhouse Capital Limited               T: 020 7469 0930 
 (Joint Broker) 
 Heena Karani 
 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 Nolan 
      ------------------------------------------  ---------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------ 
 a)    Position/status                             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                                         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              of 0.1 pence each 
      ------------------------------------------  ---------------------------------- 
       Identification code                         GB0001870228 
      ------------------------------------------  ---------------------------------- 
 b)    Nature of the transaction                   Grant of options over ordinary 
                                                    shares of 0.1 pence each 
      ------------------------------------------  ---------------------------------- 
 c)    Price(s) and volumes(s)                     Price(s)           Volume(s) 
      ------------------------------------------  -----------------  --------------- 
   Nil                                                                666,666 
  -----------------------------------------------------------------  --------------- 
 d)    Aggregated information                      N/A (single transaction) 
      ------------------------------------------  ---------------------------------- 
  Aggregated volume                           N/A (single transaction) 
 ------------------------------------------  --------------------------------------- 
  Price                                       N/A (single transaction) 
 ------------------------------------------  --------------------------------------- 
 e)    Date of the transaction                     13 May 2021 
      ------------------------------------------  ---------------------------------- 
 f)    Place of the transaction                    XOFF 
      ------------------------------------------  ---------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                        Kevin Price 
      ------------------------------------------  ---------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------ 
 a)    Position/status                             PDMR 
      ------------------------------------------  ---------------------------------- 
 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              of 0.1 pence each 
      ------------------------------------------  ---------------------------------- 
       Identification code                         GB0001870228 
      ------------------------------------------  ---------------------------------- 
 b)    Nature of the transaction                   Grant of options over ordinary 
                                                    shares of 0.1 pence each 
      ------------------------------------------  ---------------------------------- 
 c)    Price(s) and volumes(s)                     Price(s)           Volume(s) 
      ------------------------------------------  -----------------  --------------- 
   Nil                                                                666,666 
  -----------------------------------------------------------------  --------------- 
 d)    Aggregated information                      N/A (single transaction) 
      ------------------------------------------  ---------------------------------- 
  Aggregated volume                           N/A (single transaction) 
 ------------------------------------------  --------------------------------------- 
  Price                                       N/A (single transaction) 
 ------------------------------------------  --------------------------------------- 
 e)    Date of the transaction                     13 May 2021 
      ------------------------------------------  ---------------------------------- 
 f)    Place of the transaction                    XOFF 
      ------------------------------------------  ---------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                        Alan Tomlinson 
      ------------------------------------------  ---------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------ 
 a)    Position/status                             PDMR 
      ------------------------------------------  ---------------------------------- 
 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              of 0.1 pence each 
      ------------------------------------------  ---------------------------------- 
       Identification code                         GB0001870228 
      ------------------------------------------  ---------------------------------- 
 b)    Nature of the transaction                   Grant of options over ordinary 
                                                    shares of 0.1 pence each 
      ------------------------------------------  ---------------------------------- 
 c)    Price(s) and volumes(s)                     Price(s)           Volume(s) 
      ------------------------------------------  -----------------  --------------- 
   Nil                                                                555,000 
  -----------------------------------------------------------------  --------------- 
 d)    Aggregated information                      N/A (single transaction) 
      ------------------------------------------  ---------------------------------- 
  Aggregated volume                           N/A (single transaction) 
 ------------------------------------------  --------------------------------------- 
  Price                                       N/A (single transaction) 
 ------------------------------------------  --------------------------------------- 
 e)    Date of the transaction                     13 May 2021 
      ------------------------------------------  ---------------------------------- 
 f)    Place of the transaction                    XOFF 
      ------------------------------------------  ---------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                        Tony Glasscoe 
      ------------------------------------------  ---------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------ 
 a)    Position/status                             PDMR 
      ------------------------------------------  ---------------------------------- 
 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              of 0.1 pence each 
      ------------------------------------------  ---------------------------------- 
       Identification code                         GB0001870228 
      ------------------------------------------  ---------------------------------- 
 b)    Nature of the transaction                   Grant of options over ordinary 
                                                    shares of 0.1 pence each 
      ------------------------------------------  ---------------------------------- 
 c)    Price(s) and volumes(s)                     Price(s)           Volume(s) 
      ------------------------------------------  -----------------  --------------- 
   Nil                                                                526,900 
  -----------------------------------------------------------------  --------------- 
 d)    Aggregated information                      N/A (single transaction) 
      ------------------------------------------  ---------------------------------- 
  Aggregated volume                           N/A (single transaction) 
 ------------------------------------------  --------------------------------------- 
  Price                                       N/A (single transaction) 
 ------------------------------------------  --------------------------------------- 
 e)    Date of the transaction                     13 May 2021 
      ------------------------------------------  ---------------------------------- 
 f)    Place of the transaction                    XOFF 
      ------------------------------------------  ---------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                        Carl Darby 
      ------------------------------------------  ---------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------ 
 a)    Position/status                             PDMR 
      ------------------------------------------  ---------------------------------- 
 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              of 0.1 pence each 
      ------------------------------------------  ---------------------------------- 
       Identification code                         GB0001870228 
      ------------------------------------------  ---------------------------------- 
 b)    Nature of the transaction                   Grant of options over ordinary 
                                                    shares of 0.1 pence each 
      ------------------------------------------  ---------------------------------- 
 c)    Price(s) and volumes(s)                     Price(s)           Volume(s) 
      ------------------------------------------  -----------------  --------------- 
   Nil                                                                416,666 
  -----------------------------------------------------------------  --------------- 
 d)    Aggregated information                      N/A (single transaction) 
      ------------------------------------------  ---------------------------------- 
  Aggregated volume                           N/A (single transaction) 
 ------------------------------------------  --------------------------------------- 
  Price                                       N/A (single transaction) 
 ------------------------------------------  --------------------------------------- 
 e)    Date of the transaction                     13 May 2021 
      ------------------------------------------  ---------------------------------- 
 f)    Place of the transaction                    XOFF 
      ------------------------------------------  ---------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                        James Greaves 
      ------------------------------------------  ---------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------ 
 a)    Position/status                             PDMR 
      ------------------------------------------  ---------------------------------- 
 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              of 0.1 pence each 
      ------------------------------------------  ---------------------------------- 
       Identification code                         GB0001870228 
      ------------------------------------------  ---------------------------------- 
 b)    Nature of the transaction                   Grant of options over ordinary 
                                                    shares of 0.1 pence each 
      ------------------------------------------  ---------------------------------- 
 c)    Price(s) and volumes(s)                     Price(s)           Volume(s) 
      ------------------------------------------  -----------------  --------------- 
   Nil                                                                416,083 
  -----------------------------------------------------------------  --------------- 
 d)    Aggregated information                      N/A (single transaction) 
      ------------------------------------------  ---------------------------------- 
  Aggregated volume                           N/A (single transaction) 
 ------------------------------------------  --------------------------------------- 
  Price                                       N/A (single transaction) 
 ------------------------------------------  --------------------------------------- 
 e)    Date of the transaction                     13 May 2021 
      ------------------------------------------  ---------------------------------- 
 f)    Place of the transaction                    XOFF 
      ------------------------------------------  ---------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                        Rob Heyworth 
      ------------------------------------------  ---------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------ 
 a)    Position/status                             PDMR 
      ------------------------------------------  ---------------------------------- 
 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              of 0.1 pence each 
      ------------------------------------------  ---------------------------------- 
       Identification code                         GB0001870228 
      ------------------------------------------  ---------------------------------- 
 b)    Nature of the transaction                   Grant of options over ordinary 
                                                    shares of 0.1 pence each 
      ------------------------------------------  ---------------------------------- 
 c)    Price(s) and volumes(s)                     Price(s)           Volume(s) 
      ------------------------------------------  -----------------  --------------- 
   Nil                                                                333,333 
  -----------------------------------------------------------------  --------------- 
 d)    Aggregated information                      N/A (single transaction) 
      ------------------------------------------  ---------------------------------- 
  Aggregated volume                           N/A (single transaction) 
 ------------------------------------------  --------------------------------------- 
  Price                                       N/A (single transaction) 
 ------------------------------------------  --------------------------------------- 
 e)    Date of the transaction                     13 May 2021 
      ------------------------------------------  ---------------------------------- 
 f)    Place of the transaction                    XOFF 
      ------------------------------------------  ---------------------------------- 
 

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END

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May 14, 2021 02:00 ET (06:00 GMT)

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