CSN Chesnara Plc

TIDMCSN

RNS Number : 7219V

Chesnara PLC

07 November 2017

CHESNARA PLC

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility ('PDMRs')

Chesnara plc (the 'Company') today announces that, on 3 November 2017, David Rimmington, Chief Finance Officer, received 26,944 shares as a result of the vesting of the award made on 28 May 2014 under the 2014 Chesnara Long Term Incentive scheme ('LTI'). 15,011 shares were sold to cover liability to tax and national insurance contributions arising on vesting, with the balance being retained.

The following notification, 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 Rimmington 
---  ---------------------  -------------------------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------------------- 
 a)   Position/status        Chief Finance Officer 
---  ---------------------  -------------------------------------------- 
 b)   Initial notification   Initial notification 
       /Amendment 
---  ---------------------  -------------------------------------------- 
 3    Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or auction 
       monitor 
---  ------------------------------------------------------------------- 
 a)   Name                   Chesnara plc 
---  ---------------------  -------------------------------------------- 
 b)   LEI                    213800VFRMBRTSZ3SJ06 
---  ---------------------  -------------------------------------------- 
 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            Chesnara plc Ordinary shares of 5 pence 
       of the financial       each (Shares) with voting rights attached. 
       instrument,            ID Code: (GB00B00FPT80) 
       type of instrument 
       and identification 
       code 
---  ---------------------  -------------------------------------------- 
 b)   Nature of              1. 26,944 Shares acquired from the vesting 
       the transaction        of the conditional awards on 28 May 
                              2017 under the 2014 Long Term Incentive 
                              scheme 
                              2. Sale of TBC Shares to cover the tax 
                              and social security. The balance of 
                              11,933 Shares retained. 
---  ---------------------  -------------------------------------------- 
 c)   Price(s) and           1. Price: Nil Volume acquired: 26,944 
       volume(s)              2. Price: GBP3.875 Volume sold: 15,011 
                              Total GBP57,885.04 
---  ---------------------  -------------------------------------------- 
 d)   Aggregated             N/A 
       information 
---  ---------------------  -------------------------------------------- 
 e)   Date of the            6 November 2017 
       transaction 
---  ---------------------  -------------------------------------------- 
 f)   Place of the           London Stock Exchange (XLON) 
       transaction 
---  ---------------------  -------------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 07, 2017 02:00 ET (07:00 GMT)

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