Churchill China PLC Transfer of shares buyback & PDMR Shareholding (5497G)
30 May 2017 - 8:14PM
UK Regulatory
TIDMCHH
RNS Number : 5497G
Churchill China PLC
30 May 2017
Churchill China plc (the "Company")
PDMR Shareholding, Transfer of Shares out of Treasury,
Transaction in Own Shares and Total Voting Rights
The Company announces that on 26 May 2017 options over a total
of 34,151 ordinary shares of 10p each in the Company ("Ordinary
Shares") were exercised by Directors of the Company, as described
further below.
David O'Connor, Chief Executive Officer, has exercised options
over 17,571 Ordinary Shares and has sold 10,664 Ordinary Shares.
David Taylor, Finance Director, exercised options over 16,580
Ordinary Shares and has sold 10,514 Ordinary Shares. The purpose of
the sale was to finance the exercise cost and personal tax
liability arising on the exercise of those share options.
Following the exercise and disposals, David O'Connor's interest
in the Company totals 48,520 Ordinary Shares, representing 0.4% of
the voting capital of the Company, and David Taylor's interest in
the Company totals 60,555 Ordinary Shares, representing 0.6% of the
voting capital of the Company.
The exercise of the share options has been satisfied by the
transfer of 34,151 Ordinary Shares out of Treasury.
A further 17,000 Ordinary Shares have today been bought back at
a price of 1035p, to be held in Treasury.
Following the above transactions the Company's share capital now
consists of 11,030,172 Ordinary Shares, with 57,849 Ordinary Shares
in treasury. Therefore, the total number of voting rights is
10,972,323.
The figure of 10,972,323 may be used by shareholders as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change to their
interest in, Churchill China plc under the FCA's Disclosure and
Transparency Rules
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation, provides further detail:
1 Details of the person discharging
managerial responsibilities / person
closely associated
---- ------------------------------------------------------------------
a) Name David O'Connor
---- ------------------------- --- -----------------------------------
2 Reason for the 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 Ordinary shares of 10
of the financial pence each
instrument,
type of instrument
----
Identification GB0001961035
code
b) Nature of the Exercise of options and
transaction sale ordinary shares
(exercise price of 10p,
sale price 1035p )
---- ------------------------- --- -----------------------------------
c) Price(s) and
volume(s)
---- -------------- --------- ----------
Price(s) Volume(s)
---- -------------- --------- ----------
Exercise 10p 17,571
-------------- --------- ----------
Sale 1035p 10,664
-------------- --------- ----------
d) Aggregated n/a
information
----
- Aggregated
volume
- Price
e) Date of the 26 May 2017
transaction
---- ------------------------- --- -----------------------------------
f) Place of the London Stock Exchange
transaction
---- ------------------------- --- -----------------------------------
1 Details of the person discharging
managerial responsibilities / person
closely associated
---- ------------------------------------------------------------------
a) Name David Taylor
---- ------------------------- --- -----------------------------------
2 Reason for the notification
---- ------------------------------------------------------------------
a) Position/status Finance 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 Ordinary shares of 10
of the financial pence each
instrument,
type of instrument
----
Identification GB0001961035
code
b) Nature of the Exercise of options and
transaction sale ordinary shares
(exercise price of 10p,
sale price 1035p )
---- ------------------------- --- -----------------------------------
c) Price(s) and
volume(s)
---- -------------- --------- ----------
Price(s) Volume(s)
---- -------------- --------- ----------
Exercise 10p 16,580
-------------- --------- ----------
Sale 1035p 10,514
-------------- --------- ----------
d) Aggregated n/a
information
----
- Aggregated
volume
- Price
e) Date of the 26 May 2017
transaction
---- ------------------------- --- -----------------------------------
f) Place of the London Stock Exchange
transaction
---- ------------------------- --- -----------------------------------
For further information, please contact:
Churchill China plc Tel: 01782
577566
David Taylor
Buchanan Tel: 020 7466
5000
Mark Court / Sophie Cowles
/ Jane Glover
N+1 Singer
Richard Lindley / James Tel: 0207 496
White 3000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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