REG - Churchill China PLC - Grant of Options under LTIP

Churchill ChinaAnnouncement

24/05/2024 17:45

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RNS Number : 9252P  Churchill China PLC  24 May 2024

 For immediate release  24 May 2024

 

 

CHURCHILL CHINA plc

("Churchill" or the "Company" or the "Group")

 

Grant of Options under LTIP

Churchill China plc (AIM: CHH), the manufacturer of innovative performance
ceramic products serving hospitality markets worldwide, announces that on 24
May 2024, the following options over 10p ordinary shares in the Company
("Ordinary Shares") were granted to persons discharging managerial
responsibilities ("PDMRs") under the Churchill China Long Term Incentive Plan
("CCLTIP") (the "Grants"):

 Director            Position                      Number of Options Over Ordinary Shares granted  Exercise Price  Market Price at Date of Grant
 David O'Connor      Chief Executive Officer       32,191                                          10p             1,085p
 James Roper         Sales and Marketing Director  24,969                                          10p             1,085p
 Michael Cunningham  Chief Financial Officer       20,704                                          10p             1,085p
 Marc Sinclair       Company Secretary             5,862                                           10p             1,085p

In addition, 49,919 Grants were made to employees who are non-PDMRs.

The Grants are subject to the achievement of performance criteria 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 2026 reaches the following figures for each level of vesting:

 Adjusted EPS for year ending 31 December 2026  % of Grant that Vests
 78.9p                                          25%
 87.6p                                          40%
 92.0p                                          100%

Between these target levels, share options will vest on a straight-line basis
and shares will vest, subject to the achievement of these performance
conditions, from 22 May 2027.

 

 

For further information, please contact:

 

 Churchill China plc                                Tel: 01782 577566
 David O'Connor / James Roper / Michael Cunningham

 Buchanan                                           Tel: 020 7466 5000
 Mark Court / Sophie Willis / Abigail Gilchrist
 ChurchillChina@buchanan.uk.com

 Investec                                           Tel: 020 7597 5970
 David Flin / Oliver Cardigan / William Brinkley

 

 

 

 

Notification and public disclosure of transactions by Persons Discharging
Managerial Responsibilities ("PDMR") and persons closely associated with them
("PCA")

 Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No.
 596/2014
 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a.  Name                                                         Michael Cunningham
 2   Reason for notification
 a.  Position/Status                                              Chief Financial Officer

 b.  Initial notification/                                        Initial Notification

     Amendment
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a.  Name                                                         Churchill China plc
 b.  LEI                                                          213800GQ51I4LZQ5AR09
 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  Ordinary Shares of 10p each

Identification Code                                         ISIN: GB0001961035
 b.  Nature of the transaction                                    Grant of options
 c.  Price(s) and volume(s)                                       Price(s)  Volume(s)

                                                            10p       20,704

 d.  Aggregated information                                        N/A - Single Transaction
 e.  Date of the transaction                                      24/5/2024
 f.  Place of the transaction                                     Off market

d.

Aggregated information

 N/A - Single Transaction

e.

Date of the transaction

24/5/2024

f.

Place of the transaction

Off market

 

 

 Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No.
 596/2014
 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a.  Name                                                         David O'Connor
 2   Reason for notification
 a.  Position/Status                                              Chief Executive Officer
 b.  Initial notification/                                        Initial Notification

     Amendment
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a.  Name                                                         Churchill China plc
 b.  LEI                                                          213800GQ51I4LZQ5AR09
 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  Ordinary Shares of 10p each

Identification Code                                         ISIN: GB0001961035
 b.  Nature of the transaction                                    Grant of Options
 c.  Price(s) and volume(s)                                       Price(s)  Volume(s)

                                                            10p       32,191

 d.  Aggregated information                                        N/A - Single Transaction

 e.  Date of the transaction                                      24/5/2024
 f.  Place of the transaction                                     Off market

d.

Aggregated information

 

 N/A - Single Transaction

e.

Date of the transaction

24/5/2024

f.

Place of the transaction

Off market

 

 

 Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No.
 596/2014
 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a.  Name                                                         James Roper
 2   Reason for notification
 a.  Position/Status                                              Sales and Marketing Director

 b.  Initial notification/                                        Initial Notification

     Amendment
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a.  Name                                                         Churchill China plc
 b.  LEI                                                          213800GQ51I4LZQ5AR09
 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  Ordinary Shares of 10p each

Identification Code                                         ISIN: GB0001961035
 b.  Nature of the transaction                                    Grant of Options
 c.  Price(s) and volume(s)                                       Price(s)  Volume(s)

                                                            10p       24,969

     -    Transaction 1

 d.  Aggregated information                                        N/A - Single Transaction

 e.  Date of the transaction                                      24/5/2024
 f.  Place of the transaction                                     Off market

d.

Aggregated information

 

 N/A - Single Transaction

e.

Date of the transaction

24/5/2024

f.

Place of the transaction

Off market

 

 

 Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No.
 596/2014
 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a.  Name                                                         Marc Sinclair
 2   Reason for notification
 a.  Position/Status                                              Company Secretary

 b.  Initial notification/                                        Initial Notification

     Amendment
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a.  Name                                                         Churchill China plc
 b.  LEI                                                          213800GQ51I4LZQ5AR09
 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  Ordinary Shares of 10p each

Identification Code                                         ISIN: GB0001961035
 b.  Nature of the transaction                                    Grant of Options
 c.  Price(s) and volume(s)                                       Price(s)  Volume(s)

                                                            10p       5,862

     -    Transaction 1

 d.  Aggregated information                                        N/A - Single Transaction
 e.  Date of the transaction                                      24/5/2024
 f.  Place of the transaction                                     Off market

d.

Aggregated information

 N/A - Single Transaction

e.

Date of the transaction

24/5/2024

f.

Place of the transaction

Off market

 

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