TIDMCHH
RNS Number : 3517Z
Churchill China PLC
17 September 2020
For immediate release 17 September 2020
CHURCHILL CHINA plc
("Churchill China" or the "Company")
Exercise of Options, PDMR Dealings & Total Voting Rights
Churchill China plc (AIM: CHH), the manufacturer of innovative
performance ceramic products serving hospitality markets worldwide,
announces that on 16 September 2020, David O'Connor, Chief
Executive Officer, David Taylor, Finance Director and James Roper,
Sales and Marketing Director exercised 15,179, 11,685 and 9,737
options, respectively, (the "Options") under the Company's Long
Term Incentive Plan. These Options were granted in 2017 and vested
based on performance in the financial year ended 31 December
2019.
Following the exercise of the Options, on 16 September 2020,
David Taylor and James Roper sold 5,685 and 4,737 ordinary shares
of 10 pence each in the capital of the Company ("Ordinary Shares"),
respectively, to cover tax and other liabilities arising from the
exercise of the Options and David O'Connor sold 18,179 Ordinary
Shares as part of a financial planning exercise.
The Company was further notified that on 17 September 2020, Alan
McWalter, Chairman, and Angela Bromfield, Non-executive Director,
purchased 1,000 and 1,846 Ordinary Shares, respectively.
Further details on the above transactions are set out below:
PDMR Position Number Number Number Sale Net Resultant Resultant
of Options of of / purchase change interest interest
exercised Ordinary Ordinary price in in in
Shares Shares interest Ordinary enlarged
sold purchased in Shares voting
Ordinary share
Shares capital
David Chief
O'Connor Executive 15,179 18,179 - 1060p (3,000) 33,113 0.30%
--------------- ----------- ---------- ---------- ----------- ---------- ----------- -----------
Finance
David Taylor Director 11,685 5,685 - 1060p 6,000 61,555 0.56%
--------------- ----------- ---------- ---------- ----------- ---------- ----------- -----------
Sales and
Marketing
James Roper Director 9,737 4,737 - 1060p 5,000 1,005,835 9.13%
--------------- ----------- ---------- ---------- ----------- ---------- ----------- -----------
Alan
McWalter(*) Chairman - - 1,000 1078p 1,000 6,000 0.05%
--------------- ----------- ---------- ---------- ----------- ---------- ----------- -----------
Angela Non-executive
Bromfield Director - - 1,846 1080p 1,846 2,829 0.03%
--------------- ----------- ---------- ---------- ----------- ---------- ----------- -----------
*The 1,000 Ordinary Shares purchased by Alan McWalter will be
registered in his spouse's name
In order to satisfy the exercise of Options, a total of 36,601
Ordinary Shares were transferred from treasury. Accordingly, the
Company's share capital now consists of 11,030,172 Ordinary Shares,
with 7,337 Ordinary Shares in treasury. Therefore, the total number
of voting rights is 11,022,835.
The figure of 11,022,835 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
Guidance and Transparency Rules.
For further information, please contact:
Churchill China plc Tel: 01782 577566
David O'Connor / David Taylor / James
Roper
Investec Bank plc Tel: 020 7597 5970
David Flin / Alex Wright
Buchanan Tel: 020 7466 5000
Mark Court / Charlotte Slater
churchillchina@buchanan.uk.com
This announcement contains information which, prior to its
disclosure, was considered inside information for the purposes of
Article 7 of Regulation (EU) No 596/2014 (MAR)
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 1. David O'Connor
2. David Taylor
3. James Roper
-------------------------------- --------------------------------------
2. Reason for the notification
------------------------------------------------------------------------
a) Position/status 1. PDMR, Chief Executive Officer
2. PDMR, Finance Director
3. PDMR, Sales and Marketing
Director
-------------------------------- --------------------------------------
b) Initial notification/Amendment Initial notification
-------------------------------- --------------------------------------
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 Ordinary Shares of 10p each
instrument, type of instrument ISIN: GB0001961035
Identification code
-------------------------------- --------------------------------------
b) Nature of the transaction Exercise of options pursuant
to Churchill China's Long Term
Incentive Plan
-------------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1. 10p 15,179
2. 10p 11,685
3. 10p 9,737
----------
-------------------------------- --------------------------------------
d) Aggregated information n/a - single transactions
* Aggregate volume
* Price
-------------------------------- --------------------------------------
e) Date of the transaction 1. 16 September 2020
2. 16 September 2020
3. 16 September 2020
-------------------------------- --------------------------------------
f) Place of the transaction Outside of a trading venue
-------------------------------- --------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name 1. David O'Connor
2. David Taylor
3. James Roper
-------------------------------- --------------------------------------
2. Reason for the notification
------------------------------------------------------------------------
a) Position/status 1. PDMR, Chief Executive Officer
2. PDMR, Finance Director
3. PDMR, Sales and Marketing
Director
-------------------------------- --------------------------------------
b) Initial notification/Amendment Initial notification
-------------------------------- --------------------------------------
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 Ordinary Shares of 10p each
instrument, type of instrument ISIN: GB0001961035
Identification code
-------------------------------- --------------------------------------
b) Nature of the transaction Sale of Ordinary Shares
-------------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1. 1,060p 18,179
2. 1,060p 5,685
3. 1,060p 4,737
----------
-------------------------------- --------------------------------------
d) Aggregated information n/a - single transactions
* Aggregate volume
* Price
-------------------------------- --------------------------------------
e) Date of the transaction 1. 16 September 2020
2. 16 September 2020
3. 16 September 2020
-------------------------------- --------------------------------------
f) Place of the transaction London Stock Exchange, AIM
-------------------------------- --------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name Alan McWalter
------------------------------------- --------------------------------
2. Reason for the notification
-----------------------------------------------------------------------
a) Position/status PDMR, Chairman
------------------------------------- --------------------------------
b) Initial notification/Amendment Initial notification
------------------------------------- --------------------------------
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 Ordinary Shares of 10p each
instrument, type of instrument ISIN: GB0001961035
Identification code
------------------------------------- --------------------------------
b) Nature of the transaction Purchase of Ordinary Shares
------------------------------------- --------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1,078p 1,000
----------
------------------------------------- --------------------------------
d) Aggregated information n/a - single transaction
* Aggregate volume
* Price
------------------------------------- --------------------------------
e) Date of the transaction 17 September 2020
------------------------------------- --------------------------------
f) Place of the transaction London Stock Exchange, AIM
------------------------------------- --------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name Angela Bromfield
------------------------------------- --------------------------------
2. Reason for the notification
-----------------------------------------------------------------------
a) Position/status PDMR, Non-executive Director
------------------------------------- --------------------------------
b) Initial notification/Amendment Initial notification
------------------------------------- --------------------------------
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 Ordinary Shares of 10p each
instrument, type of instrument ISIN: GB0001961035
Identification code
------------------------------------- --------------------------------
b) Nature of the transaction Purchase of Ordinary Shares
------------------------------------- --------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1,080p 1,846
----------
------------------------------------- --------------------------------
d) Aggregated information n/a - single transaction
* Aggregate volume
* Price
------------------------------------- --------------------------------
e) Date of the transaction 17 September 2020
------------------------------------- --------------------------------
f) Place of the transaction London Stock Exchange, AIM
------------------------------------- --------------------------------
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